TVS Srichakra Limited , a prominent player in the Indian tyre industry, has secured shareholder approval for the re-appointment of Ms. Shobhana Ramachandhran as Managing Director. The special resolution, passed through a postal ballot, received an overwhelming 98.48% of votes in favor, demonstrating strong shareholder confidence in the company's leadership.

Re-appointment Details

The re-appointment is for a five-year term, set to commence on August 25, 2025. This decision follows the initial approval by the company's Board of Directors at a meeting held on May 27, 2025. The postal ballot process, which ran from June 17 to July 16, 2025, saw 34,07,339 votes cast in support of the resolution, with only 52,688 votes against it.

Remuneration Framework

Under the terms of the re-appointment, Ms. Ramachandhran's remuneration will be determined by the Board of Directors, based on recommendations from the Nomination Remuneration Committee. The approved remuneration package is subject to a maximum of 5.00% of the company's net profits, calculated in accordance with the applicable provisions of the Companies Act, 2013.

Minimum Remuneration Safeguard

The resolution also includes a provision for minimum remuneration. In the event that the company has no profits or inadequate profits in any financial year during Ms. Ramachandhran's tenure, she will be entitled to receive salary and perquisites up to the maximum limit set out in Part II of Section II of Schedule V of the Companies Act, 2013, or as prescribed by the government.

Shareholder Approval Process

The e-voting process for this resolution was facilitated by the National Securities Depository Limited (NSDL). TVS Srichakra Limited ensured transparency by appointing Mr. N. Balachandran, a Practicing Company Secretary, as the Scrutinizer to oversee the postal ballot process.

Corporate Governance

This re-appointment aligns with TVS Srichakra's commitment to corporate governance and regulatory compliance. The company has adhered to the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in conducting this postal ballot and securing shareholder approval.

The strong support for Ms. Ramachandhran's re-appointment reflects shareholder confidence in her leadership and the company's strategic direction. As TVS Srichakra moves forward, this vote of confidence sets a positive tone for the company's future growth and performance in the competitive tyre industry.

TVS Srichakra Limited, a leading manufacturer of two and three-wheeler tyres in India, has announced the opening of its fourth exclusive Eurogrip Tyres branded store in Chennai. This strategic move is part of the company's ongoing efforts to expand its retail presence and enhance customer accessibility in key urban markets.

Expansion in a Key Market

The new Eurogrip flagship store, located in Perambur, Chennai, marks a significant step in TVS Srichakra's retail expansion strategy. Chennai, being an important market for the company, now hosts four exclusive Eurogrip stores, underlining the brand's commitment to strengthening its foothold in the region.

Store Offerings

The newly inaugurated store will showcase Eurogrip's entire range of tyre patterns and sizes, catering to a diverse array of two-wheelers, including:

• Scooters
• Commuter bikes
• Mid-range performance bikes
• Adventure touring bikes
• Superbikes

In addition to tyre sales, the store will provide various services such as:

• Tyre fitment
• Tyre care and puncture repair
• Air pressure checks
• Lubricant and engine oil changes
• Warranty-related query handling

Executive Insights

Mr. T K Ravi, COO of Eurogrip Tyres, commented on the inauguration: "We are happy to reach out to customers through our exclusive stores, as a part of our strategy to widen customer access in a high-demand urban market. Chennai is an important market for us, and we are happy to be launching our 4th store in the city, making our entire range of products and services available to customers."

Future Plans

The company has indicated plans for further expansion, with Mr. Ravi stating, "In the coming months, more such branded retail stores will be opened across cities at strategic locations." This expansion strategy aligns with TVS Srichakra's goal of enhancing its market presence and customer service capabilities.

Eurogrip's Growing Network

Eurogrip Tyres has been steadily expanding its network of signature outlets. In addition to the four stores in Chennai, the brand has established a presence in other major cities including:

• Mysuru
• Ahmedabad
• Patna
• Farrukhabad
• Hyderabad

About TVS Srichakra Limited

TVS Srichakra Limited, the parent company of Eurogrip Tyres, is a prominent player in the Indian tyre manufacturing sector. With a monthly production capacity exceeding 3 million tyres, the company serves both domestic and international markets. TVS Srichakra's products are available in over 85 countries worldwide, showcasing its global reach and market presence.

This latest store opening reaffirms TVS Srichakra's commitment to expanding its retail footprint and bringing its diverse range of high-quality tyres closer to consumers in key markets.