TVS Holdings Limited has announced that its board of directors will meet on January 28, 2026, to consider a significant fundraising proposal through Non-Convertible Debentures (NCDs). The company informed stock exchanges about this development through a regulatory filing dated January 22, 2026.

Board Meeting Agenda

The primary focus of the upcoming board meeting will be to consider and approve the raising of funds through the issuance of Non-Convertible Debentures on a private placement basis. The company has indicated that this fundraising initiative will be structured strategically over time.

Regulatory Compliance

The announcement was made in compliance with Regulations 29(1) and 50(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory filing serves as a formal intimation to both BSE Limited and National Stock Exchange of India Limited about the proposed board meeting agenda.

Previous Communication

The company noted that this announcement is in furtherance to a previous intimation dated January 8, 2026, suggesting that the fundraising plans have been under consideration for some time. The structured approach indicates careful planning for the capital raising initiative.

Company Information

TVS Holdings Limited, formerly known as Sundaram-Clayton Limited, operates from its registered office in Chennai. The company is listed on both major Indian stock exchanges with equity scrip codes 520056 on BSE and TVSHLTD on NSE. The regulatory filing was signed by R Raja Prakash, Company Secretary, demonstrating proper corporate governance procedures in the disclosure process.

TVS Holdings Limited (TVSHL), a core investment company within the TVS Group, has received a reaffirmation of its credit rating from CARE Ratings Limited. The rating agency has maintained TVSHL's credit rating at CARE AA-/Stable for its ₹750 crore non-convertible debentures, as announced in a press release dated November 25, 2025.

Strong Group Presence and Investment Portfolio

The reaffirmed rating reflects TVSHL's robust position within the TVS Group, particularly its significant stake in TVS Motor Company (TVSM). As of the latest available data, TVSHL holds a 50.26% stake in TVSM, valued at ₹82,441.00 crore. This substantial investment provides TVSHL with a strong debt coverage ratio of 87x against its gross debt of ₹944.00 crore.

Financial Performance

While specific revenue and profit data for TVSHL as a standalone entity were not available, the consolidated financial performance of the group shows positive trends:

The consolidated figures demonstrate strong growth across key financial metrics, indicating the overall health of the TVS Group's operations.

Balance Sheet Strength

TVSHL's standalone balance sheet as of March 2025 shows:

The company's investment portfolio, primarily consisting of its stake in TVSM, represents a significant portion of its total assets, underlining the importance of this holding to TVSHL's financial position.

Credit Rating Rationale

CARE Ratings' reaffirmation of the CARE AA-/Stable rating is based on several factors:

1. Strong group presence and diversified business investments
2. Robust financial flexibility driven by investments in group companies
3. Comfortable debt coverage ratio
4. Consistent dividend income from TVSM

The rating also takes into account the company's transition to a Core Investment Company (CIC) status, which was registered with the Reserve Bank of India on March 14, 2024.

Outlook

The stable outlook assigned by CARE Ratings indicates an expectation that TVSHL will maintain its financial flexibility through consistent brand royalty management fees from group companies and dividend inflows from TVSM. The rating agency also anticipates that TVSHL will ensure adequate coverage of its outstanding debt relative to the market value of its investments in the medium term.

Investors and stakeholders should note that while the credit rating provides a positive outlook, it's important to monitor the performance of TVSM and other group companies, as TVSHL's financial health is closely tied to the success of its investments.

Conclusion

The reaffirmation of TVS Holdings Limited's credit rating at CARE AA-/Stable reflects the company's strong position within the TVS Group and its robust investment portfolio. As a core investment company, TVSHL's financial performance and credit profile are intrinsically linked to the success of its group companies, particularly TVS Motor Company. The stable outlook suggests confidence in the company's ability to maintain its financial strength and manage its debt obligations effectively in the foreseeable future.