TVS Srichakra Limited has announced a postal ballot notice seeking shareholder approval for the re-appointment of Mr. R Naresh as Managing Director, designated as Executive Vice-Chairman. The company issued the notice on 25th February 2026, outlining the voting process and key details of the proposed appointment.

Postal Ballot Details

The remote e-voting process has been scheduled with specific timelines and procedures for shareholder participation.

The voting will be conducted exclusively through remote e-voting, with no physical postal ballot process. Shareholders whose names appear in the Register of Members or Beneficial Owners list as of the cut-off date will be eligible to participate.

Proposed Re-appointment Details

The special resolution seeks approval for Mr. R Naresh's continuation in his leadership role for an extended term.

The re-appointment requires special resolution approval as Mr. Naresh will attain the age of 70 years during the proposed tenure, necessitating compliance with Section 196(3) of the Companies Act, 2013.

Leadership Profile and Experience

Mr. R Naresh brings extensive industry expertise and institutional knowledge to his role. As an engineering graduate, he possesses nearly four decades of experience in the automobile and rubber industries. His association with TVS Srichakra began on 2nd June 1982, when he was first appointed to the Board as a co-founder of the company.

Key Qualifications:

• Engineering graduate with specialization in Rubber Technology
• Over 43 years of experience in Corporate Management and Auto & Tyre Industry
• Strategic leadership in institutional framework development
• Deep understanding of automotive ecosystem trends and regulatory developments

Remuneration and Benefits Structure

The proposed compensation package includes various components designed to align with industry standards and company performance.

Recent Compensation:

• FY 2024-25: ₹2.97 crore
• As of 31st December 2025: ₹2.31 crore

Proposed Benefits Package:

• Medical reimbursement up to one month's salary annually
• Chauffeur-driven car for company business
• Free telephone and mobile communication facilities
• Personal accident insurance with annual premium not exceeding ₹10,000
• Gratuity and leave encashment benefits

Shareholding and Board Participation

Mr. Naresh maintains active involvement in company governance and holds significant equity stake in the organization.

Voting Process and Timeline

Shareholders can participate in the voting process through the NSDL e-voting platform. The company has appointed Mr. N Balachandran as Scrutinizer to ensure fair and transparent conduct of the postal ballot process. Results will be communicated to stock exchanges and published on the company website at www.tvseurogrip.com by 31st March 2026.

The Board of Directors recommends the special resolution for shareholder approval, citing Mr. Naresh's continued leadership as critical for maintaining business momentum and executing long-term growth plans.

TVS Srichakra Limited has published its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing strong operational performance and a return to profitability. The tire manufacturer reported significant improvements across key financial metrics, reflecting robust business execution during the period.

Strong Revenue Growth in Q3 FY26

The company demonstrated impressive top-line growth during the third quarter of fiscal 2026. Standalone revenue from operations reached ₹850.36 crores, marking a substantial increase from ₹747.00 crores recorded in the corresponding quarter of the previous year.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, TVS Srichakra maintained its growth trajectory with consistent performance improvements. The company reported standalone revenue from operations of ₹2,477.14 crores for the nine-month period, while net profit after tax reached ₹48.09 crores, demonstrating sustained profitability throughout the fiscal year.

Consolidated Results Show Similar Trends

The consolidated financial results reflected comparable performance patterns, with revenue from operations reaching ₹916.51 crores for Q3 FY26 compared to ₹802.73 crores in the previous year. Consolidated net profit after tax stood at ₹11.18 crores for the quarter, representing a significant improvement from the loss of ₹6.02 crores recorded in Q3 FY25.

Earnings Per Share Performance

The company's earnings per share (EPS) showed remarkable improvement, with both basic and diluted EPS reaching ₹18.49 for Q3 FY26, compared to negative ₹4.02 in the corresponding quarter of the previous year. For the nine-month period, EPS reached ₹62.80, significantly higher than the previous year's ₹45.89 for the full year.

Regulatory Compliance and Transparency

TVS Srichakra published its financial results in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were published in Business Line (English) and Dinamalar (Tamil) newspapers on February 13, 2026, ensuring transparent communication with stakeholders and regulatory authorities.