TVS Motor Company Limited has published statutory advertisements in newspapers on February 13, 2026, in compliance with SEBI regulations for the listing and trading approval of its 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS).

Regulatory Compliance and Publication Details

The advertisements were published in three newspapers as required under SEBI Master Circular provisions. The company received exemption from SEBI vide letter dated February 9, 2026, from the applicability of Rule 19(2)(b) of the Securities Contract (Regulations) Rules, 1957.

NCRPS Allotment and Structure

Under the Scheme of Arrangement approved by the Hon'ble National Company Law Tribunal, Chennai on July 31, 2025, TVS Motor allotted 190,03,48,456 NCRPS on September 01, 2025. The preference shares were issued as bonus shares in the ratio of 4 NCRPS for every 1 equity share held by shareholders as on the record date of August 25, 2025.

Stock Exchange Approvals

The company has received in-principle approvals from both major stock exchanges for listing the NCRPS. National Stock Exchange of India Limited granted approval vide letter no. NSE/LST/50825 dated November 21, 2025, while BSE Limited provided approval through letter no. DCS/AMAL/BW/PS19/2025-26 dated November 20, 2025.

Capital Structure Changes

The scheme implementation resulted in significant changes to the company's authorized share capital structure:

Shareholding Pattern

The NCRPS allotment maintains the same shareholding pattern as equity shares, with TVS Holdings Limited being the largest shareholder holding 50.26% of both equity and preference shares. The top institutional investors include ICICI Prudential Balanced Advantage Fund (6.28%), Axa Mutual Fund (1.32%), and NPS Trust (1.29%).

Financial Performance Highlights

TVS Motor's recent financial performance demonstrates strong operational metrics. For the nine months ended December 31, 2025, the company reported consolidated revenue from operations of ₹41,016.79 crore and profit after tax of ₹2,366.88 crore, with earnings per share of ₹47.29.

The statutory advertisements mark a crucial step in the listing process for the NCRPS, providing shareholders with a tradeable instrument while offering the company flexibility in liquidity management until redemption.

TVS Motor Company has achieved a prestigious milestone by delivering two iQube electric scooters to the Governorate of Vatican City State, reinforcing its commitment to sustainable and responsible mobility solutions. The official delivery took place on February 5th, 2026, through a consolidated collaboration between TVS Motor Italia and Exelentia.

Strategic Partnership for Sustainable Mobility

The delivery represents a strengthened partnership between TVS Motor Company and Exelentia, focusing on innovation and sustainability initiatives. This collaboration marks a concrete step in the Vatican's ecological transition process, which aims to implement zero-emission mobility solutions tailored to meet the daily operational needs of the unique Vatican environment.

Leadership Perspectives on the Initiative

Giovanni Notarbartolo di Furnari, General Manager of TVS Motor Italia, emphasized the significance of this deployment, stating that "The deployment of TVS iQube electric scooters in a prestigious setting such as the Vatican validates our vision for urban electric mobility—anchored in reliability, intuitive usability, and world class quality."

Giovanni Zappia, Founder & Owner of Exelentia, highlighted the partnership's importance, noting that "The partnership undertaken with the Governorate of the State of the Vatican City strengthens Exelentia's commitment to contributing concretely to mature, reliable mobility fully suited to particularly sensitive urban and institutional contexts."

TVS iQube Technical Specifications and Features

The TVS iQube was specifically selected for its blend of silent performance and cutting-edge technology, making it uniquely suited for the Vatican's historic and high-sensitivity environment. The electric scooter offers superior comfort and intelligent connectivity through advanced technological features.

Key Benefits and Design Philosophy

Designed to simplify city mobility and short-range travel, the TVS iQube combines multiple advantages that align with the Vatican's operational requirements:

• Driving comfort for enhanced user experience
• Practicality of use for daily operational needs
• Functional technology with SmartXonnect system
• Total absence of emissions and noise for environmental sensitivity

About TVS Motor Company

TVS Motor Company operates as a reputed two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia. The company is rooted in a 100-year legacy of trust, value, and passion for customers, maintaining a presence in over 90 countries. TVS Motor is notably the only two-wheeler company to have won the prestigious Deming Prize and has been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for four consecutive years.