TVS Motors has announced the completion of its divestment of equity stakes in Roppen Transportation Services Private Limited, marking a significant corporate transaction in its portfolio management strategy. The automotive manufacturer has successfully concluded the sale of preference shares as part of its ongoing business restructuring activities.

Transaction Details

The company completed the sale of 11,997 Series D Compulsory Convertible Preference Shares (CCPS) held in Roppen Transportation Services Private Limited on February 25, 2026. The transaction was finalized at 06:17 PM (IST) on the same date, representing a complete divestment of the company's stake in this particular investment.

Buyer Information

The CCPS were sold to two Mauritius-based investment entities, reflecting international investor interest in the transportation services sector. The buyers include Accel Leaders 5 Holdings (Mauritius) Limited and Accel India VIII (Mauritius) Limited, both of which appear to be part of the Accel investment group structure.

Regulatory Compliance

TVS Motor Company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously made intimations regarding this transaction on November 6, 2025, and February 19, 2026, demonstrating transparent communication with stakeholders throughout the process.

Corporate Governance

The transaction has been classified as a material development, requiring formal disclosure to both the Bombay Stock Exchange and National Stock Exchange of India. Company Secretary K S Srinivasan signed the regulatory filing, ensuring proper documentation and compliance with corporate governance standards. The digital signature was applied on February 25, 2026, at 18:24:07 +05'30', confirming the authenticity of the disclosure.

TVS Motor Company Limited has announced a material update regarding the modification of its Share Purchase Agreement for the divestment of shareholding in Roppen Transportation Services Private Limited. The company informed stock exchanges about this development through a regulatory filing under SEBI guidelines on February 19, 2026.

Share Purchase Agreement Modification

The company received notification from Accel India VIII (Mauritius) Limited on February 18, 2026, regarding changes to the purchase structure of Series D Compulsory Convertible Preference Shares. The modification involves redistribution of shares between related entities while maintaining the original transaction terms.

Transaction Parameters Unchanged

The modification does not alter the fundamental terms of the original Share Purchase Agreement dated November 6, 2025. The aggregate number of securities proposed to be divested remains unchanged, and the total consideration receivable by TVS Motor Company under the agreement stays intact.

Regulatory Compliance and Disclosure

TVS Motor Company has treated this development as a material update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified both BSE Limited and National Stock Exchange of India Limited about this modification to ensure transparency and regulatory compliance.

The filing was digitally signed by K S Srinivasan, Company Secretary, on February 19, 2026, maintaining the company's commitment to timely disclosure of material developments to stakeholders and market participants.