Interim report
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Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845 28th October 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip code: 532343 National Stock Exchange of India Ltd., Exchange Plaza, 5th Floor, Bandra-Kurla Complex, Bandra (E), Mumbai 400 051 Scrip code: TVSMOTOR Dear Sir / Madam, Sub: Outcome of Board Meeting held on 28th October 2026 Ref : Our intimation letter dated 16th October 2026 A. Unaudited Standalone & Consolidated Financial Results for the Quarter ended 30th September 2026 In terms of the provisions of Regulations 30 (read with Part A of Schedule III), 33, 51 (read with Part B of Schedule III) and 52 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), the Board of Directors at its meeting held today, have inter-alia, considered and approved the Unaudited Standalone and Consolidated financial results for the quarter ended 30 th September 2026. In this regard, we are enclosing the following: a. The detailed format of the unaudited financial results submitted as per Regulation 30 and 52 of the Listing Regulations; b. Limited Review Report on the Standalone and Consolidated financial results pursuant to Regulations 33 and 52 of the Listing Regulations; c. Ratios in terms of Regulation 52(4) of the Listing Regulations; d. A statement indicating utilization of issue of proceeds in terms of Regulations 52(7) and 52 (7A) of the Listing Regulations; e. Security Cover Certificate in terms of Regulation 54 of the Listing Regulations; f. Press release issued by the Company; and g. Presentation on financial performance of the Company B. Composite Scheme of Arrangement Pursuant to Regulation 30 of the Listing Regulations, we wish to inform you that the Board of Directors of the Company (“Board”), at its meeting held today, has, inter alia, considered and approved the following: 1. Acquisition of entire stake of Harita ARC Limited (“TVSM WOS”); 2. Composite Scheme of Arrangement amongst TVS Motor Services Limited (“Transferor Company”), TVS Motor Company Limited (“Company” or “Transferee Company” or “Demerged Company”) and Harita ARC Limited (“Resulting Company/ TVSM WOS”) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (“Act”) (“Scheme”). The Transferor Company and the Resulting Company are wholly owned subsidiaries of the Company.
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T he Scheme, inter alia, provides for: (i) the amalgamation of the Transferor Company with the Company; and (ii) the demerger of the Demerged Undertaking (as defined in the Scheme) from the Company into the Resulting Company on a going concern basis, in consideration for which the Resulting Company shall issue its shares to the shareholders of the Company in proportion to their shareholding in the Company. The Scheme is, inter alia, subject to the receipt of statutory, regulatory and customary approvals, including approvals from BSE Limited and the National Stock Exchange of India Limited (collectively, the “Stock Exchanges”) , the Securities and Exchange Board of India, the jurisdictional National Company Law Tribunal and the shareholders and creditors (as applicable) of the companies involved in the Scheme. The Scheme, as approved by the Board, will be made available on the website of the Company at www.tvsmotor.com upon its submission to the Stock Exchanges. The disclosures required to be made pursuant to Regulation 30 of the Listing Regulations read with Para A of Part A of Schedule III of the Listing Regulations and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, for: 1. Acquisition of TVSM WOS; 2. Amalgamation of the Transferor Company with the Company; and 3. Demerger of the Demerged Undertaking from the Company into the Resulting Company. are attached as Annexure A, B and C respectively. C. Acquisition of STPL Trading and Services Private Limited Pursuant to Regulation 30 of the Listing Regulations, we wish to inform that the Board o f D irectors of TVS Motor Company Limited (“the Company”) at its meeting held today viz., 28th October 2026 have inter alia approved the acquisition of entire stake of STPL Trading and Services Private Limited (“ STPL”) for a sum of Rs. 530.08 Cr (“Proposed Transaction”), and execution of a Sale and Purchase Agreement (“Agreement”) along with other ancillary documents as may be required in connection with the proposed transaction. Upon completion of the aforesaid acquisitions, STPL will become a wholly owned subsidiary of the Company. The details with respect to the above acquisition, as required under the SEBI Listing Regulations read with the SEBI Master Circular dated January 30, 2026, bearing reference number SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (“ Master Circular”), are set forth in Annexure D below. The meeting of the Board of Directors commenced at 10.30 A.M. (IST) and concluded at 2.50 P.M.(IST). Thanking You For TVS MOTOR COMPANY LIMITED K S Srinivasan Company Secretary Encl.: a/a Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845
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SUNDARAM & SRINIVASAN CHARTERED ACCOUNTANTS Offices: Chennai - Mumbai - Bangalore - Madurai 23, C.P. Ramaswamy Road Alwarpet, Chennai – 600 018 Telephone 2498 8762 2498 8463 4210 6952 E-Mail: sundaramandsrinivasan1948@gmail.com Website: www.sundaramandsrinivasan.com Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors TVS Motor Company Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of TVS Motor Company Limited (the "Company") for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists matters and inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain
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SUNDARAM & SRINIVASAN CHARTERED ACCOUNTANTS Offices: Chennai - Mumbai - Bangalore - Madurai assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Sundaram & Srinivasan Chartered Accountants FRN: 004207S S.Usha Partner Date: 28 th October 2026 Membership Number:211785 Place: Bengaluru UDIN: 26211785OHSERS8993
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(Rs. in Crores) 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Audited 1 Sales in Numbers 19,19,005 16,30,558 15,06,950 35,49,563 27,83,942 58,88,828 2 Revenue from Operations 17,103.41 13,896.08 11,905.43 30,999.49 21,986.43 47,270.32 3 Other income 45.04 150.84 (20.74) 195.88 14.17 (29.97) Total Income 17,148.45 14,046.92 11,884.69 31,195.37 22,000.60 47,240.35 4 Expenses a) Cost of materials consumed 12,494.11 10,104.57 8,626.66 22,598.68 15,569.37 32,786.77 b) Purchase of stock-in-trade 201.25 148.95 120.74 350.20 239.71 487.98 c) Changes in inventories of finished goods, work-in-process and stock-in-trade (213.30) (142.66) (287.01) (355.96) (173.25) 391.73 d) Employee benefits expense 805.55 678.43 606.83 1,483.98 1,188.67 2,452.24 e) Finance cost 123.85 75.50 46.57 199.35 86.87 203.88 f) Depreciation and amortisation expense 275.64 265.29 215.40 540.93 420.31 900.61 g) Other expenses 1,596.80 1,327.39 1,331.66 2,924.19 2,394.93 5,072.25 Total Expenses 15,283.90 12,457.47 10,660.84 27,741.37 19,726.62 42,295.46 5 Profit / (Loss) before Exceptional items (2+3-4) 1,864.55 1,589.45 1,223.85 3,454.00 2,273.98 4,944.89 6 Exceptional Items - (Gain) / Loss - - - - - 41.37 7 Profit / (Loss) before tax (5-6) 1,864.55 1,589.45 1,223.85 3,454.00 2,273.98 4,903.52 8 Tax expense / (credit) a) Current tax 469.50 400.22 307.03 869.72 567.11 1,211.66 b) Deferred tax 17.90 15.26 13.18 33.16 27.58 76.64 Total tax expense / (credit) 487.40 415.48 320.21 902.88 594.69 1,288.30 9 Profit / (Loss) after tax for the period (7-8) 1,377.15 1,173.97 903.64 2,551.12 1,679.29 3,615.22 10 Other Comprehensive Income /(Loss) (net of tax) a) Items that will not be reclassified to profit or loss 7.61 (1.25) 13.24 6.36 (12.93) 177.67 b) Items that will be reclassified to profit or loss (2.38) 13.33 (4.80) 10.95 (8.86) (12.31) Total Other Comprehensive Income / (Loss) (net of tax) 5.23 12.08 8.44 17.31 (21.79) 165.36 11 Total Comprehensive Income / (Loss) for the period (9+10) 1,382.38 1,186.05 912.08 2,568.43 1,657.50 3,780.58 12 Paid up equity share capital (Face value of Re.1/- each) 47.51 47.51 47.51 47.51 47.51 47.51 13 Reserve excluding Revaluation Reserves 11,186.79 14 Earnings Per Share (Face value of Re. 1/- each) (not annualised) (i) Basic (in Rs.) 28.99 24.71 19.02 53.70 35.35 76.09 (ii) Diluted (in Rs.) 28.99 24.71 19.02 53.70 35.35 76.09 Notes: 1 i) Rs. 711 Crores in TVS Credit Services Limited. ii) Rs. 566 Crores investments in TVS Motor (Singapore) Pte Limited. 2 Consequent to the Scheme of amalgamation of Sundaram Auto Components Limited, (a wholly owned subsidiary) with the Company which was approved by the Hon’ble National Company Law Tribunal, Chennai Bench on 6th May 2026 with an appointed date of 1st April 2025, the amalgamation has been accounted for under the pooling of interests method and the financials for Q2 2025-26 and H1 2025-26 have been restated in accordance with Ind AS 103 - Business combinations 3 The Environment Protection (End-of-Life Vehicles) Rules, 2025 ("ELV Rules") notified effective 01st April 2025, impose Extended Producer Responsibility (EPR) on vehicle manufacturers for scrapping old vehicles. The framework and pricing mechanism for EPR certificates is yet to be notified and thus the cost of meeting the obligations under EPR cannot be reliably estimated as at 30th September 2026 4 The Company has allotted on 10th August 2026, 100,000 Senior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures ("NCD/Debentures") having a face value of Rs.1,00,000 each, aggregating to Rs. 1000,00,00,000 (One Thousand Crores only) with a tenor of 39 Months. The NCDs listed with National Stock Exchange of India Limited. 5 On 1 September 2026, the Company redeemed 190,03,48,456, 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) of face value Rs.10 each, aggregating to a sum of Rs. 2,014.36 Cr (including dividend), to the eligible NCRPS holders as on the record date fixed for this purpose ie. 21st August 2026 6 The Company operates in (a) Automotive – comprising Automotive Vehicles, Parts and related investments and (b) Financial – comprising Consumer Finance and Related Business Segments. 7 The above financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 28th October 2026. The results have been subjected to limited review by Statutory Auditors of the Company. 8 Figures for the previous periods have been regrouped, wherever necessary, to conform to the current period's classification. Date : 28-10-2026 Chairman Sudarshan Venu For TVS Motor Company Limited TVS MOTOR COMPANY LIMITED Regd office: "Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai 600 006 Website:www.tvsmotor.com Telephone No. (044) 28332115 Email:contactus@tvsmotor.com CIN:L35921TN1992PLC022845 STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2026 During the quarter, the Company has made the following material investments: S. No Particulars Quarter ended Year endedHalf year ended Unaudited Reported Re-stated Reported Re-stated Profit Before Tax 1,226.30 1,223.85 2,279.37 2,273.98 Profit After Tax 906.09 903.64 1,684.68 1,679.29 Other Comprehensive Income 914.53 912.08 1,662.89 1,657.50 Particulars Quarter Ended 30.09.2025 Half Year Ended 30.09.2025
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1. Pursuant to Non-Convertible Securities (NCS) of TVS MOTOR COMPANY LIMITED being listed, below are the details on a Standalone basis as per Listing Regulations: Year ended Audited 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Net Debt to Equity (Times) [ (Total borrowings - Cash and Cash equivalents) / Equity ] 0.37 0.26 0.25 0.37 0.25 0.24 Debt service coverage ratio (Times) [ Earnings before Interest, Tax and Exceptional Items / (Interest Expense + Principal repayments of long term loan made during the period excluding prepayment) ] 7.89 5.55 5.82 6.62 5.28 4.77 Interest service coverage ratio (Times) [ Earnings before Interest, Tax and Exceptional Items / Interest Expense ] 17.65 25.66 31.77 20.57 31.88 29.64 Outstanding Non Convertible Redeemable Preference Shares (NCRPS) - Rs. In Crores (1,90,03,48,456 NCRPS of Rs. 10/- each) NA 1900.35 1900.35 NA 1900.35 1900.35 Capital Redemption Reserve Debenture Redemption Reserve Net Worth - Rs. In Crores Networth as per Section 2(57) of the Companies Act, 2013. 13,890.65 12,512.49 9,727.91 13,890.65 9,727.91 11,348.62 Net profit after tax - Rs. In Crores 1,377.15 1,173.97 903.64 2,551.12 1,679.29 3,615.22 Earnings per share - Rs. Per share (Basic & Diluted - Not annualised) 28.99 24.71 19.02 53.70 35.35 76.09 Current ratio (Times) [Current Assets / Current Liabilities ] 0.75 0.54 0.54 0.75 0.54 0.54 Long term debt to working capital (Times) [Non Current borrowing including current maturity /(Current Asset - Current Liabilities excluding current maturity of Long term borrowing)] - - - - - - Bad debts to Accounts receivable ratio (Times) [ Bad debts written off / Accounts Receivables ] - - - - - - Current liability ratio (Times) [Current Liability / Total Liability] 0.72 0.89 0.89 0.72 0.89 0.88 Total debts to Total assets ratio (Times) [ (Non current borrowing including current maturity + Current borrowing) / Total Assets ] 0.17 0.12 0.14 0.17 0.14 0.12 Debtors Turnover (Times) [ Annualised Turnover / Average Debtors ] 26.93 25.86 29.17 26.93 29.17 28.08 Inventory Turnover (Times) [ Annualised Cost of goods sold / Average Inventory ] 23.77 23.10 17.45 23.77 17.45 20.37 Operating Margin (%) [Operating EBITDA / Turnover] 13.0 12.8 12.7 12.9 12.6 12.9 Net Profit Margin in % [Net profit after tax / Turnover] 8.1 8.4 7.6 8.2 7.6 7.6 iv. Next due date for payment of interest / principal of Commercial Paper repayment For TVS Motor Company Limited Date : 28-10-2026 Sudarshan Venu Chairman i. Free reserve as on the end of quarter 30th September 2026 ( Rs. In Crores) ii. Securities premium account balance (if redemption of redeemable preference share is to be done at a premium, such premium may be appropriated from securities premium account) iv. Breach of any covenants under the terms of the non-convertible redeemable preference shares v. Utilization of the issue proceeds of NCRPS (till such proceeds of issue have been fully utilized or the purpose for which the proceeds were raised has been achieved) vi. Disclosure of material deviation(s) (if any) in the use of issue proceeds of NCRPS from the objects of the issue, till such proceeds have been fully utilised or the purpose for which the proceeds were raised has been achieved The Company has remitted Rs. 114.02 crore towards the accrued dividend on 190,03,48,456 6% cumulative Non-convertible redeemable preference shares (NCRPS) of Rs. 10 each, and redeemed the said NCRPS aggregating Rs. 2014.36 crore to the eligible holders. iii. Track record of dividend payment on non-convertible redeemable preference shares TVS Motor Company Limited Regd office: "Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai 600 006 Website:www.tvsmotor.com Telephone No. (044) 28332115 Email:contactus@tvsmotor.com CIN:L35921TN1992PLC022845 Additional disclosures as per Regulations 52(4) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 Particulars Quarter ended NOT APPLICABLE NOT APPLICABLE Half year ended Unaudited 2. Additional disclosures as per Regulations 52(6) / 52(7) / 52(7A) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 13,745.27 NOT APPLICABLE Note: Figures for the previous periods have been regrouped, wherever necessary, to conform to the current period's classification. 4. The Company has maintained asset cover sufficient to discharge the principal amount at all times for the non-convertible debt securities issued. 3. Pursuant to Commercial papers of TVS MOTOR COMPANY LIMITED being listed, below are the details on a standalone basis as per Listing Regulations: i. Credit rating issued by CARE for Commercial paper (CP) ii. Previous due dates for payment of interest / principal of CP repayment iii. Details of Commercial Papers issued during the quarter A1+ NOT APPLICABLE NOT APPLICABLE NOT APPLICABLE NOT APPLICABLE NOT APPLICABLE - The NCRPS were issued by way of bonus through a Scheme approved by the National Company Law Tribunal, Chennai NOT APPLICABLE
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SUNDARAM & SRINIVASAN CHARTERED ACCOUNTANTS Offices: Chennai - Mumbai - Bangalore - Madurai 23, C.P. Ramaswamy Road Alwarpet, Chennai – 600 018 Telephone 2498 8762 2498 8463 4210 6952 E-Mail: sundaramandsrinivasan1948@gmail.com Website: www.sundaramandsrinivasan.com Independent Auditor's Review Report on the Quarterly and Year-to-date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors TVS Motor Company Limited 1. We have reviewed the accompanying Statement of unaudited Consolidated Financial Results of TVS Motor Company Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), and its associate for the quarter and half-year ended September 30, 2026 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of parent's persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
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SUNDARAM & SRINIVASAN CHARTERED ACCOUNTANTS Offices: Chennai - Mumbai - Bangalore - Madurai We have also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable 4. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 and 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. The Statement includes the results of the following entities: List of Subsidiaries of TVS Motor Company Limited TVS Motor Services Limited, Chennai TVS Credit Services Limited, Bengaluru TVS Electric Mobility Ltd, Chennai TVS Motor Company (Europe) B.V., Amsterdam TVS Motor (Singapore) Pte. Limited, Singapore PT TVS Motor Company Indonesia, Jakarta TVS Motor Company FZCO (Formerly known as TVS Motor Company DMCC, Dubai) DriveX Mobility Private Limited, Bengaluru Subsidiaries of TVS Credit Services Limited Harita ARC Limited, Chennai (Formerly Harita ARC Private Limited) Harita Two-Wheeler Mall Private Limited, Chennai TVS Housing Finance Private Limited, Chennai Subsidiaries of TVS Motor (Singapore) Pte. Limited. The Norton Motorcycle Co. Ltd., UK TVS Digital Pte Ltd, Singapore The GO Corporation, Zurich (“Go AG”) (Merged with TVS EBike Company AG w.e.f 30th June 2025) TVS EBike Company AG (Formerly Known as Swiss E-Mobility Group (Holding) AG, Switzerland)
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SUNDARAM & SRINIVASAN CHARTERED ACCOUNTANTS Offices: Chennai - Mumbai - Bangalore - Madurai TVS Ebike Company Limited, UK (Formerly Known as EBCO Limited, UK) TVS Motor Gmbh, Germany (Formerly known as Celerity Motor GmbH) Engines Engineering S.P.A (w.e.f 03rd October 2025) Subsidiary company of TVS EBike Company AG (Formerly known as Swiss E- Mobility Group (Holding) AG, Switzerland) Swiss E-Mobility Group (Schweiz) AG Switzerland, Zurich and Alexand'Ro Edouard'O Passion Velo Sari, Switzerland (Merged with TVS EBike Company AG w.e.f 30th June 2025) TVS EBike Company GmbH, Germany (Formerly known as Colag E-Mobility GmBH) Swiss E-mobility group (osterreich) Gmbh, Austria EGO Movement Deutschland GmbH, Germany Subsidiary Company of The Norton Motorcycle Co. Ltd. Norton Motorcycle Private Limited, India Norton USA LLC, (Subsidiary w.e.f 06th November 2025) Associates of TVS Motor Company Limited Ultraviolette Automotive Private Limited, Bengaluru Associates of TVS Motor (Singapore) Pte. Ltd. Killwatt GmbH, Germany Associates of TVS Digital Pte. Ltd. Predictronics Corp., USA Altizon Inc., USA (ceased to be associate, w.e.f 23rd January 2026) 6. We did not review the interim financial information of 4 subsidiaries included in the consolidated unaudited financial results, whose interim financial information reflect total assets of Rs.39,802.31 Crores as of September 30, 2026, total revenues of Rs. 2,029.42 Crores and Rs. 3,948.00 Crores, total net profit after tax of Rs. 243.42 Crores and Rs. 452.10 Crores, and total comprehensive income of Rs. 245.69 Crores and Rs. 449.38 Crores, for the quarter and half-year ended September 30, 2026 respectively, and net cash inflow of Rs. 1,093.87 Crores for the period from April 01, 2026 to September 30, 2026. This financial information has been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associate, is based solely on the reports of the
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SUNDARAM & SRINIVASAN CHARTERED ACCOUNTANTS Offices: Chennai - Mumbai - Bangalore - Madurai other auditors and the procedures performed by us as stated in paragraph 3 above. 7. The consolidated unaudited financial results include the interim financial information of 18 subsidiaries which have not been reviewed by their auditors and are based solely on management-certified accounts, whose financial information reflect total assets of Rs. 14,001.64 Crores as of September 30, 2026, total revenue of Rs. 790.18 Crores and Rs. 1,650.62 Crores, total net loss after tax of Rs. 383.11 Crores and Rs. 690.52 Crores and total comprehensive loss of Rs. 354.51 Crores and Rs. 691.74 Crores for the quarter and half-year ended September 30, 2026 respectively, and net cash outflow of Rs. 25.78 Crores for the period from April 01, 2026 to September 30, 2026. The consolidated unaudited interim financial results also include the Group’s share of net loss after tax of Rs. 4.46 Crores and Rs. 18.77 Crores for the quarter and half-year ended September 30, 2026 respectively and total comprehensive loss of Rs. 4.30 Crores and Rs. 18.61 Crores for the quarter and half-year ended September 30, 2026 respectively, in respect of 3 associates based on their interim financial information which have not been reviewed by their auditors and are based solely on management-certified accounts. The financial information of subsidiaries and associates located outside India have been prepared in accordance with accounting principles generally accepted in their respective countries. The Parent Company’s Management has converted this financial information from accounting principles generally accepted in their respective countries, to Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent Company’s Management.
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SUNDARAM & SRINIVASAN CHARTERED ACCOUNTANTS Offices: Chennai - Mumbai - Bangalore - Madurai Our conclusion, in so far as it relates to such subsidiaries and associates located outside India, is based on the aforesaid conversion adjustments prepared by the Parent Company’s Management and reviewed by us, and our conclusion is based solely on the management certified accounts furnished to us by the Management. Our conclusion on the Statement is not modified in respect of the above matter. For Sundaram & Srinivasan Chartered Accountants FRN: 004207S S.Usha Partner Date: 28 th October 2026 Membership Number: 211785 Place: Bengaluru UDIN: 26211785WVXKPR5676
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(Rs. in Crores) 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Audited 1 Income Revenue from Operations 19,474.44 16,295.52 14,051.22 35,769.96 26,261.27 56,069.52 Other income 97.99 158.20 (14.00) 256.19 25.66 22.01 Total Income 19,572.43 16,453.72 14,037.22 36,026.15 26,286.93 56,091.53 2 Expenses a) Cost of materials consumed 12,680.80 10,270.04 8,705.78 22,950.84 15,768.06 33,270.05 b) Purchase of stock-in-trade 159.48 285.24 226.69 444.72 551.49 1,230.66 c) Changes in inventories of finished goods, work-in-process and stock-in-trade (99.83) (95.27) (205.79) (195.10) (96.71) 379.05 d) Employee benefits expense 1,448.88 1,324.45 1,085.20 2,773.33 2,137.66 4,391.61 e) Finance cost 669.66 602.17 552.39 1,271.83 1,102.95 2,229.82 f) Depreciation and amortisation expense 358.23 354.00 320.42 712.23 635.25 1,272.64 g) Other expenses 2,559.61 2,153.59 2,116.98 4,713.20 3,964.57 8,404.82 Total Expenses 17,776.83 14,894.22 12,801.67 32,671.05 24,063.27 51,178.65 3 Profit / (Loss) before Share of Profit /(Loss) of Associates and Exceptional items (1-2) 1,795.60 1,559.50 1,235.55 3,355.10 2,223.66 4,912.88 4 Share of profit/(loss) of Associates (4.46) (14.31) (12.26) (18.77) (23.18) (41.06) 5 Profit / (Loss) before Exceptional items (3+4) 1,791.14 1,545.19 1,223.29 3,336.33 2,200.48 4,871.82 6 Exceptional Items - (Gain) / Loss - - - - - 50.08 7 Profit / (Loss) before tax (5-6) 1,791.14 1,545.19 1,223.29 3,336.33 2,200.48 4,821.74 8 Tax expense / (credit) a) Current tax 588.07 507.74 395.09 1,095.81 728.24 1,620.38 b) Deferred tax (16.38) (20.16) (4.56) (36.54) (3.38) 14.93 Total tax expense / (credit) 571.69 487.58 390.53 1,059.27 724.86 1,635.31 9 Profit / (Loss) for the period (7-8) 1,219.45 1,057.61 832.76 2,277.06 1,475.62 3,186.43 10 Other Comprehensive Income / (Loss), net of tax a) Items that will not be reclassified to profit or loss 0.76 (4.00) 9.66 (3.24) (18.50) 170.18 b) Items that will be reclassified to profit or loss 32.27 (17.24) 69.02 15.03 115.09 336.73 Total Other Comprehensive Income / (Loss), net of tax 33.03 (21.24) 78.68 11.79 96.59 506.91 11 Total Comprehensive Income / (Loss) for the period (9+10) 1,252.48 1,036.37 911.44 2,288.85 1,572.21 3,693.34 12 Net Profit / (Loss) attributable to a) Owners of the Company 1,194.51 1,019.43 795.48 2,213.94 1,405.52 3,018.33 b) Non controlling interest 24.94 38.18 37.28 63.12 70.10 168.10 13 Other Comprehensive income / (Loss) attributable to a) Owners of the Company 32.48 (20.30) 78.87 12.18 97.64 505.81 b) Non controlling interest 0.55 (0.94) (0.19) (0.39) (1.05) 1.10 14 Total Comprehensive income / (Loss) attributable to a) Owners of the Company 1,226.99 999.13 874.35 2,226.12 1,503.16 3,524.14 b) Non controlling interest 25.49 37.24 37.09 62.73 69.05 169.20 15 Paid up equity share capital (Face value of Re.1/- each) 47.51 47.51 47.51 47.51 47.51 47.51 16 Reserve excluding Revaluation Reserves 9,516.74 17 Earnings Per Share (Face value of Re. 1/- each) (not annualised) (i) Basic (in Rs.) 25.14 21.46 16.74 46.60 29.58 63.53 (ii) Diluted (in Rs.) 25.14 21.46 16.74 46.60 29.58 63.53 Notes: 1 The above financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 28th October 2026. The results have been subjected to limited review by Statutory Auditors of the Company. 2 Figures for the previous periods have been regrouped, wherever necessary, to conform to the current period's classification. 3 The above consolidated financial results comprise the results of TVS Motor Company Limited (Parent Company), Subsidiary companies and Associate companies. For TVS Motor Company Limited Date : 28-10-2026 Sudarshan Venu Chairman TVS MOTOR COMPANY LIMITED Regd office: "Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai 600 006 Website:www.tvsmotor.com Telephone No. (044) 28332115 Email:contactus@tvsmotor.com CIN:L35921TN1992PLC022845 STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2026 S. No Particulars Quarter ended Year endedHalf year ended Unaudited
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(Rs. in Crores) As at 30.09.2026 As at 31.03.2026 As at 30.09.2026 As at 31.03.2026 Unaudited Audited Unaudited Audited ASSETS Non-Current Assets (a) Property, Plant and Equipment 5,229.87 4,849.17 7,186.63 6,050.09 (b) Capital work-in-progress 799.59 586.39 1,361.95 973.55 (c) Investment Properties - - 144.07 145.65 (d) Goodwill on consolidation - - 731.43 731.43 (e) Other Intangible assets 549.89 610.55 1,915.41 1,706.78 (f) Intangible assets under development 978.50 773.58 1,097.16 1,098.67 (g) Financial Assets i. Investments 13,613.06 11,416.43 789.64 519.41 ii. Loans (Receivable from financing activity) - - 13,145.36 12,298.73 iii. Other Financial assets 22.75 24.50 152.05 124.07 (h) Investments accounted using equity method - - 88.62 107.23 (i) Non-current Tax assets (net) - - 0.79 9.02 (j) Deferred Tax assets - - 643.65 574.46 (k) Other non-current assets 1,395.13 603.53 1,496.23 692.10 Total non-current assets 22,588.79 18,864.15 28,752.99 25,031.19 Current Assets (a) Inventories 2,222.45 1,580.23 3,030.64 2,459.20 (b) Financial Assets i. Investments 731.94 231.02 1,125.54 520.00 ii. Trade receivables 2,518.57 2,086.50 3,072.37 2,654.13 iii. Loans (Receivable from financing activity) - - 20,493.51 17,988.44 iv. Cash and cash equivalents 374.65 400.83 4,968.36 3,926.45 v. Bank balances other than (iv) above 1,618.48 573.90 1,619.24 574.67 vi. Other Financial assets 334.67 259.83 778.16 507.42 (c) Right of Use Assets held for surrender - - - 466.96 (d) Other current assets 2,442.58 1,919.23 3,029.88 2,372.16 Total current assets 10,243.34 7,051.54 38,117.70 31,469.43 Total assets 32,832.13 25,915.69 66,870.69 56,500.62 EQUITY AND LIABILITIES Equity (a) Equity Share capital 47.51 47.51 47.51 47.51 (b) Other Equity 13,761.02 11,186.79 11,300.34 9,516.74 Equity attributable to owners 13,808.53 11,234.30 11,347.85 9,564.25 Non-controlling interest - - 947.58 1,148.61 Total equity 13,808.53 11,234.30 12,295.43 10,712.86 Liabilities Non-current liabilities (a) Financial Liabilities i. Borrowings 4,021.34 611.83 17,686.49 12,486.26 ii. Lease liabilities 580.52 426.28 1,291.38 499.46 (b) Provisions 263.15 285.05 362.97 354.86 (c) Deferred tax liabilities (net) 393.61 358.10 392.62 355.00 (d) Other Non Current liabilities 22.75 24.50 22.75 24.50 Total non-current liabilities 5,281.37 1,705.76 19,756.21 13,720.08 Current liabilities (a) Financial Liabilities i. Borrowings 1,441.56 2,522.36 20,200.01 19,137.67 ii. Lease liabilities 188.37 172.67 275.34 667.62 iii. Trade payables a. Total outstanding dues of micro and small enterprises 134.56 101.28 171.47 131.12 b. Total outstanding dues of other than (iii) (a) above 10,424.82 8,163.51 12,147.91 9,703.16 iv. Other financial liabilities 205.96 830.69 294.25 922.31 (b) Other Current Liabilities 721.64 824.32 1,052.81 1,118.61 (c) Provisions 239.43 216.95 267.54 241.54 (d) Current Tax Liabilities (Net) 385.89 143.85 409.72 145.65 Total Current liabilities 13,742.23 12,975.63 34,819.05 32,067.68 Total liabilities 19,023.60 14,681.39 54,575.26 45,787.76 Total equity and liabilities 32,832.13 25,915.69 66,870.69 56,500.62 For TVS Motor Company Limited Date : 28-10-2026 Sudarshan Venu Chairman Particulars Standalone Consolidated TVS Motor Company Limited Regd office: "Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai 600 006 Website:www.tvsmotor.com Telephone No. (044) 28332115 Email:contactus@tvsmotor.com CIN:L35921TN1992PLC022845 STATEMENT OF ASSETS AND LIABILITIES
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(Rs. in Crores) 30.09.2026 30.09.2025 30.09.2026 30.09.2025 A Cash flow from operating activities: Profit before tax : 3,454.00 2,273.98 3,336.33 2,200.48 Add: Depreciation and amortisation for the period 540.93 420.31 712.23 635.25 (Profit) / Loss on sale of property, plant and equipment (net) (21.11) (13.09) (20.28) (13.74) (Profit) / Loss on sale of investments (net) (3.86) - (139.73) - (Gain) / Loss on fair valuation of investments (net) (139.73) 3.08 (3.86) 3.08 (Gain) on lease preclosure - - (45.96) - Unrealised exchange (gain) / loss (net) 17.94 (23.21) 17.94 (23.21) Net (profit)/ loss from Associate using equity method - - 18.77 23.18 Interest income (31.09) (3.16) (33.46) (7.34) Finance cost [excluding relatable to financial enterprise] 199.35 86.87 260.38 134.61 Share based payment expense 4.33 14.97 5.59 15.32 Operating profit before working capital changes 4,020.76 2,759.75 4,107.95 2,967.63 Adjustments for: Loans given by Financial enterprise (Net) - - (3,351.70) (1,453.45) Trade receivables (455.18) (430.02) (441.35) (435.28) Inventories (642.22) (132.89) (571.44) (128.22) Other current assets (523.35) (299.20) (657.72) (393.16) Other financial assets 495.21 214.39 255.61 214.39 Trade payables 2,322.94 1,693.80 2,490.23 1,559.89 Provisions (15.91) 15.46 4.39 (4.56) Other financial liabilities (621.68) (182.72) (560.04) (190.09) Other current liabilities (102.68) (118.95) (66.49) (157.12) Other non - current assets (97.29) (62.53) (121.46) 48.59 Cash generated from operations 4,380.60 3,457.09 1,087.98 2,028.62 Direct taxes paid (Net of refund received) (536.27) (451.30) (729.83) (638.52) Net cash from / (used) in operating activities 3,844.33 3,005.79 358.15 1,390.10 B Cash flow from investing activities: Purchase of property, plant and equipment and Intangible assets including capital advances (1,808.68) (952.29) (2,303.16) (1,572.42) Proceeds from Sale of Property, Plant and Equipment 39.65 81.15 40.08 81.44 Purchase of Investments in subsidiaries / associates (1,937.28) (1,029.85) - (4.04) Purchase of other investments (607.23) (87.92) (710.89) (110.12) Deposits with Banks (1,600.00) - (1,600.00) - Proceeds from Sale of other investments 12.65 8.00 12.65 22.93 (Purchase) / Sale of investment property - - 1.58 (4.07) Interest received 7.37 3.16 28.47 5.70 Net cash from / (used in) investing activities (5,893.52) (1,977.75) (4,531.27) (1,580.58) C Cash flow from financing activities : Borrowings: Non-current borrowings availed / (repaid) 3,528.07 (387.35) 5,200.65 794.15 Current borrowings availed / (repaid) 700.00 - 2,961.28 226.57 Contribution from non-controlling Interest - - (711.00) - Finance cost paid (235.60) (72.55) (296.63) (135.86) Changes in treasury shares by ESOP Trust 1.46 6.08 1.46 6.08 Redemption of 6% Cumulative Non-Convertible Redeemable Preference shares (NCRPS) (1,895.36) - (1,895.36) - Repayment of lease liabilities (75.56) (48.48) (45.37) (95.61) Net cash from / (used in) financing activities 2,023.01 (502.30) 5,215.03 795.33 Net change in cash and cash equivalents (A)+ (B)+ (C) (26.18) 525.74 1,041.91 604.85 Cash and cash equivalents at the beginning of the period 400.83 324.45 3,926.45 4,115.00 Cash and cash equivalents at the end of the period 374.65 850.19 4,968.36 4,719.85 Note: The above statement of cashflow is prepared using indirect method. For TVS Motor Company Limited Date : 28-10-2026 Sudarshan Venu Chairman S. No Particulars Standalone Consolidated For the half year ended Unaudited TVS Motor Company Limited Regd office: "Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai 600 006 Website:www.tvsmotor.com Telephone No. (044) 28332115 Email:contactus@tvsmotor.com CIN:L35921TN1992PLC022845 STATEMENT OF UNAUDITED CASH FLOW
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(Rs. in Crores) Year ended / As at 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Audited 1 Segment Revenue and Other income a) Automotive 17,529.54 14,398.21 12,286.70 31,927.75 22,812.80 48,992.61 b) Financial 2,052.07 2,068.35 1,755.29 4,120.42 3,479.44 7,116.18 Total 19,581.61 16,466.56 14,041.99 36,048.17 26,292.24 56,108.79 Less: Inter-Segment Adjustment 9.18 12.84 4.77 22.02 5.31 17.26 Revenue and Other income 19,572.43 16,453.72 14,037.22 36,026.15 26,286.93 56,091.53 2 Segment Results Profit / (Loss) before tax, finance cost and exceptional items a) Automotive 1,593.79 1,232.50 1,059.59 2,826.29 1,843.41 4,043.79 b) Financial 351.15 431.32 246.83 782.47 516.80 1,164.62 Total 1,944.94 1,663.82 1,306.42 3,608.76 2,360.21 5,208.41 Less: i) Finance cost 149.34 104.32 70.87 253.66 136.55 295.53 ii) Exceptional Items - - - - - 50.08 iii) Other unallocable expenditure net of unallocable income - - - - - - Share of profit/(loss) of Associates (4.46) (14.31) (12.26) (18.77) (23.18) (41.06) Profit / (Loss) before tax 1,791.14 1,545.19 1,223.29 3,336.33 2,200.48 4,821.74 3 Segment Assets a) Automotive 23,867.50 22,589.80 18,332.40 23,867.50 18,332.40 20,593.62 b) Financial 43,003.19 36,862.13 33,594.40 43,003.19 33,594.40 35,907.00 Segment Assets 66,870.69 59,451.93 51,926.80 66,870.69 51,926.80 56,500.62 4 Segment Liabilities a) Automotive 21,287.66 18,271.78 15,329.76 21,287.66 15,329.76 16,777.04 b) Financial 33,287.60 29,419.66 27,469.42 33,287.60 27,469.42 29,010.72 Segment Liabilities 54,575.26 47,691.44 42,799.18 54,575.26 42,799.18 45,787.76 Notes: 1 On a standalone basis, the Company operates in (a) Automotive – comprising Automotive Vehicles, Parts and related investments and (b) Financial – comprising Consumer Finance and Related Business Segments. The same is reflected as part of the above consolidated segmental reporting. 2 Figures for the previous periods have been regrouped, wherever necessary, to conform to the current period's classification. For TVS Motor Company Limited For TVS Motor Company Limited Date : 28-10-2026 Sudarshan Venu Chairman TVS Motor Company Limited Regd office: "Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai 600 006 CIN:L35921TN1992PLC022845 CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2026 S. No Particulars Quarter Ended / As at Website:www.tvsmotor.com Telephone No. (044) 28332115 Email:contactus@tvsmotor.com Half year ended / As at Unaudited
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1. Pursuant to Non-Convertible Securities (NCS) of TVS MOTOR COMPANY LIMITED being listed, below are the details on a Consolidated basis as per Listing Regulations: Year ended Audited 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Net Debt to Equity (Times) [ (Total borrowings - Cash and Cash equivalents) / Equity ] 2.90 2.77 3.18 2.90 3.18 2.60 Debt service coverage ratio (Times) (Excluding NBFC Subsidiary) [ Earnings before Interest, Tax and Exceptional Items / (Interest Expense + Principal repayments of long term loan made during the period excluding prepayment) ] 5.63 4.03 3.85 4.77 3.57 3.03 Interest service coverage ratio (Times) (Excluding NBFC Subsidiary) [ Earnings before Interest, Tax and Exceptional Items / Interest Expense ] 13.15 18.09 18.89 15.03 17.94 17.75 Outstanding Non Convertible Redeemable Preference Shares (NCRPS) - Rs. In Crores (1,90,03,48,456 NCRPS of Rs. 10/- each) - 1900.35 1900.35 - 1900.35 1900.35 Capital Redemption Reserve Debenture Redemption Reserve Net Worth - Rs. In Crores Net worth as per Section 2(57) of the Companies Act, 2013. 10,933.99 10,201.09 7,952.49 10,933.99 7,952.49 9,187.21 Net profit after tax - Rs. In Crores (attributable to owners) 1,194.51 1,019.43 795.48 2,213.94 1,405.52 3,018.33 Earnings per share - Rs. Per share (Basic & Diluted - Not annualised) 25.14 21.46 16.74 46.60 29.58 63.53 Current ratio (Times) [Current Assets / Current Liabilities ] 1.09 0.93 1.08 1.09 1.08 0.97 Long term debt to working capital (Times) [Non Current borrowing including current maturity /(Current Asset - Current Liabilities excluding current maturity of Long term borrowing)] 1.83 2.65 2.08 1.83 2.08 2.46 Bad debts to Accounts receivable ratio (Times) [ Bad debts written off / Accounts Receivables ] - - - - - - Current liability ratio (Times) (Current Liability / Total Liability) 0.64 0.71 0.62 0.64 0.62 0.70 Total debts to Total assets ratio (Times) [ (Non current borrowing including current maturity + Current borrowing) / Total Assets ] 0.57 0.54 0.59 0.57 0.59 0.56 Debtors Turnover (Times) [ Annualised Turnover / Average Debtors ] 24.99 24.47 26.98 24.99 26.98 25.66 Inventory Turnover (Times) [ Annualised Cost of goods sold / Average Inventory ] 16.90 16.08 13.08 16.90 13.08 14.31 Operating Margin (%) [Operating EBITDA / Turnover] 11.3 11.4 11.7 11.4 11.3 11.5 Net Profit Margin (%) [Net profit after tax / Turnover] 6.3 6.5 5.9 6.4 5.6 5.7 For TVS Motor Company Limited Date : 28-10-2026 Sudarshan Venu Chairman Note: Figures for the previous periods have been regrouped, wherever necessary, to conform to the current period's classification. TVS Motor Company Limited Regd office: "Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai 600 006 Website:www.tvsmotor.com Telephone No. (044) 28332115 Email:contactus@tvsmotor.com CIN:L35921TN1992PLC022845 Additional disclosures as per Regulations 52(4) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 Particulars Quarter ended NOT APPLICABLE NOT APPLICABLE Half year ended Unaudited
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Annexure 1 : Security Cover Certificate As Per Regulation 54(3) of the Securities and Exchange Board Of India ( Listing Obligations and Disclosure Requirements)Regulation,2015 as on 30th September 2026 (Rs. in Crores) Exclusive Charge Exclusive Charge Pari- Passu Charge Pari- Passu Charge Pari- Passu Charge Elimination (amount in negative ) Debt for which this certificate being issued Other Secured Debt Debt for which this certificate being issued Assets shared by pari passu debt holder (includes debt for which this certificate is issued & other debt with pari- passu charge) Other assets on which there is pari- Passu charge (excluding items covered in column F) Debt amount considered more than once (due to exclusive plus pari passu charge) Market Value for Assets charged on Exclusive basis Carrying /book value for exclusive charge assets where market value is not ascertainable or applicable (For Eg. Bank Balance, DSRA market value is not applicable) Market value for pari passu charge assets Carrying value/book value for pari passu charge assets where market value is not ascertainable or applicable Total Value(=L+M+ N+O) Book Value Book Value Yes/No Book Value Book Value ASSETS Property, Plant and Equipment Capital Work-in- Progress Right of Use Assets Goodwill Intangible Assets Intangible Assets under Development Investments Loans Inventories Trade Receivables Cash and Cash Equivalents Bank Balances other than Cash and Cash Equivalents Others Total - - - - - - - - - - - - - - LIABILITIES Debt securities to which this certificate pertains 1,522.92 - Other debt sharing pari-passu charge with above debt - Other Debt ( ECB+Sec) - Subordinated debt - Borrowings - Bank (TL) - Debt Securities ( PDI) - Others ( CP) - Trade payables - Lease Liabilities - Provisions ( Incl NPA) - Others -Liabilities - Total - - - - - - - 1,522.92 - - - - - - - Cover on Book Value - - Cover on Market Value Exclusive Security Cover Ratio Pari-Passu Security Cover Ratio Note: During the period ended 30th September 2026, the Company allotted Senior, Rated, Unsecured, Listed, Redeemable Non-Convertible Debentures (NCDs) aggregating to Rs. 1,500 crore. The outstanding amount includes interest accrued but not due of Rs. 22.92 crore as at 30th September 2026. Since these NCDs are unsecured in nature, the requirement of maintaining and reporting asset cover/security cover is not applicable. Accordingly, no security cover is required to be maintained against the aforesaid debentures. For TVS Motor Company Limited Date : 28-10-2026 Sudarshan Venu Chairman TVS Motor Company Limited Regd office: "Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai 600 006 Website:www.tvsmotor.com Telephone No. (044) 28332115 Email:contactus@tvsmotor.com CIN:L35921TN1992PLC022845 Column A Column B Column C Column D Column E Column F Column P Particulars Description of asset for which this certificate relate Related to only those items covered by this certificate Column G Column H Column J Column K Column L Column M NIL NIL Relating to Column F Column I Assets not offered as Security Debt not backed by any asset offered as security (Total C to J) Column N Column O
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TVS MOTOR COMPANY TVS ~ TVS Motor Company Limited. Registered Office: "Cha,tanya" No.12, Khader Nawaz Khan Road. Chennai-600006. Tamilnadu. India. Telephone: +91-44-28332115 Fax: +91-44-28332113 C. Statement of utilization of issue proceeds: Name of ISIN Moded Type of Date of Amount Funds Any If 8 is Yes, Remark the Fund instrument raising Raised utilized deviation then s, if any Issuer Raising funds (Rsin (Rs in Cr) (Yes/ No) specify the (Public Cr) purpose of issues/ for which Private the funds placemen were t) utilized l L j ,q. !) b I 8 9 lU lVS Motor INE494B08044 Private Non- 17.07.2026 500 500 Company Placement Convertible No NA NA Limited INE494B08051 Debentures 10.08.2026 1,000 1,000 Total 1,500 1,500 D. Statement on deviation / variation in utilisation of funds raised: Particulars Remarks Name of listed entity lVS Motor Company Limited Mode of fund raising Date of raising funds Not Applicable Amount raised Report filed for quarter ended 30th September 2026 Monitoring Agency Monitoring Agency Name, if applicable Is there a deviation/ variation in use of funds raised? If yes, whether the same is pursuant to change in terms of a contract or objects, which was aooroved by the shareholders Not Applicable If Yes, Date of shareholder Approval Explanation for the deviation/ variation Comments of the audit committee after review Comments of the auditors, if any Objects for which funds have been raised and where there has been a deviation, in the following table: Original object Modified Original Modified Funds Amount of deviation/ Remarks, object, if allocation allocation, if utilized variation for the quarter if any any any according to applicable object (in Rs. crore and in%) Not Applicable Deviation or variation could mean: a. Deviation in the objects or purposes for which the funds have been raised or b. Deviation in the amount of funds actually utilized as against what was originally disclosed or C. Chanqe in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. ~ Name of the signatory: K S Srinivasan Designation: Company Secretary Date: 28th October 2026 Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845
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PRESS RELEASE TVS Motor Achieves Highest ever Revenue with 44% Growth in Q2 2026-27 • Record Revenue of Rs. 17,103 Crores in Q2 2026-27 • Highest Ever Sales of 1.9 Million Units • Profit After Tax Grew by 52% at Rs. 1,377 Crores Bengaluru, October 28, 2026: TVS Motor Company, part of TVS VENU, posted revenue for the second quarter of financial year 2026-27 at Rs. 17,103 Crores, registering a growth of 44% as against Rs. 11,905 Crores recorded in the second quarter of 2025-26. The Company posted its highest EBITDA of Rs. 2,2 19 Crores with a growth of 47 % for the second quarter of 202 6-27 as against EBITDA of Rs. 1,507 Crores in the same period of 2025-26. The Company’s EBITDA margin improved by 30 bps at 13.0% during the quarter ended September 2026 as against 12.7% in the quarter ended September 2025. During the current quarter, the Company’s Profit After Tax grew by 52% at Rs. 1,377 Crores as against Rs. 904 Crores during the second quarter of 2025-26. SALES Q2 FY 2026-27: During the second quarter of the financial year 2026-27, the Company registered the highest ever quarterly sales. The overall two and three-wheeler sales grew by 27% at 1.9 Million units as against 1.5 Million units registered in the quarter ended September 2025. Motorcycles sales during the quarter under review grew by 28% recording 0.9 Million units as against 0.7 Million units in the quarter ended September 2025. Scooters sales during the quarter under review grew by 29% at 0.8 Million units as against 0.6 Million units in the quarter ended September 2025. International Business reported a growth of 35% with sales of 0.5 Million units in Q2 2026-27 as against 0.4 Million units in the second quarter of 2025-26. Two-wheeler electric vehicles grew by 133% registering sales of 186,186 units in the second quarter of 2026-27 as against 80,009 units during second quarter of 2025-26. Three-wheelers sales for the quarter under review grew by 47% to 78,475 units in the second quarter ended September 2026 as against 53,449 units in the quarter ended September 2025. Half-year results: The total two-wheeler sales of the Company for the half -year ended September 2026 grew by 27% registering 3.4 Million units as against 2.7 Million units recorded in the half-year ended September 2025. The total three-wheeler sales for the half-year ended September 2026 grew by 47% at 145,172 units as against 98,427 units registered in the half-year ended September 2025. The total sales in I nternational Business of two and three- wheelers for the half -year ended September 2026 grew by 34% at 1.0 Million units as against 0.8 Million units in the half-year ended September 2025.
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PRESS RELEASE Total revenue for the half-year ended September 2026 grew by 41% at Rs. 30,999 Crores against Rs. 21,986 Crores in the half year ended September 202 5. PBT for the half year ended September 2026 grew by 52% at Rs. 3,454 Crores as against Rs. 2,274 Crores in the half-year ended September 2025. About TVS Motor Company TVS Motor Company (BSE:532343 and NSE: TVSMOTOR), part of TVS VENU, is 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. Rooted in our 100- year legacy of trust, value, and passion for customers, it takes pride in making internationally accepted products of the highest quality through innovative and sustainable processes. TVS Motor is the only two- wheeler company to have won the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for four consecutive years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. TVS Motor Company endeavours to deliver the most superior customer experience across 90 countries in which we operate. For more information, please visit www.tvsmotor.com. **** For more information, please contact: KS Harini: ks.harini@tvsmotor.com Prasant Ramakrishnan: prasant.ramakrishnan@tvsmotor.com
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TVS Motor Company © TVS Motor Company. All Rights Reserved. Results for the Quarter ended 30th September 2026 TVSM Results – Q/E 30th September 2026 / Presentation dated 28th October 2026
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2© TVS Motor Company. All Rights Reserved. Highlights Q2 2026-27 2© TVS Motor Company. All Rights Reserved. Company recorded highest ever Sale of 1.9 Million units registering growth of 27% for the quarter ended September 2026 as against 1.5 Million units reported in the quarter ended September 2025 Company posted its highest ever Operating Revenue of Rs. 17,103 Crores registered growth of 44% as against Rs. 11,905 Crores in the quarter ended September 2025 Operating EBITDA margin improved by 30bps at 13.0% during the quarter ended September 2026 as against 12.7% in the quarter ended September 2025 Company posted its highest ever Profit After Tax of Rs. 1,377 Crores recording a growth of 52% for the quarter ended September 2026 as against Rs. 904 Crores in the quarter ended September 2025
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3© TVS Motor Company. All Rights Reserved. Sales Q2 2026-27 TOTAL (Nos. in ‘000) Motorcycles Scooters Q2 2026-27 858 825 157 78 1,919 Q2 2025-26 673 639 141 53 1,507 28% 29% 12% 47% 27% Three-wheelers Mopeds
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4© TVS Motor Company. All Rights Reserved. 11,905 17,103 Q2 2025-26 Q2 2026-27 Revenue from Operations 1,507 2,219 Q2 2025-26 Q2 2026-27 Operating EBITDA 904 1,377 Q2 2025-26 Q2 2026-27 Profit After Tax Financial Performance Q2 2026-27 (Rs. in Crores) 44% 47% 52%
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5© TVS Motor Company. All Rights Reserved. Leadership Product Actions Global Expansion Q2 Key Highlights Chairman Mr. Sudarshan Venu on the cover of Forbes Asia: Sharing the Vision guiding TVS VENU Mr. Peyman Kargar appointed as Director & CEO w.e.f. January 27, 2027 The all-new range of TVS Apache RTR: brings the brand’s racing DNA to life TVS Orbiter marks its first anniversary with the 100,000 unit milestone TVS iQube crosses one million units with the MillionR Special Edition TVS Raider expands its presence with a launch in Africa TVS Orbiter and NTORQ 150 make their debut in Sri Lanka TVS Jupiter introduces India’s first spectral colour scooter TVS Callisto 110 launches in Jakarta. TVS Raider Super Squad Edition: India's 1st Motorcycle Unveiled in Cinema Hall Awards & Recognition TVS King Kargo HD wins the Electric Three-Wheeler of the Year award at the Entrepreneur India EV awards TVS Orbiter wins EV Scooter of the year at the ABP Network Auto Awards 2026
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6© TVS Motor Company. All Rights Reserved. TVSM Results Half Year Ended 30th September 2026
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7© TVS Motor Company. All Rights Reserved. Highlights H1 2026-27 7© TVS Motor Company. All Rights Reserved. Company recorded Sale of 3.5 Million units registering growth of 28% for the half year ended September 2026 as against 2.8 Million units reported in the half year ended September 2025 Company posted Operating Revenue of Rs. 30,999 Crores registered growth of 41% as against Rs. 21,986 Crores in the half year ended September 2025 Operating EBITDA margin improved by 30bps at 12.9% during the half year ended September 2026 as against 12.6% in the half year ended September 2025 Company posted its highest ever Profit After Tax of Rs. 2,551 Crores recording a growth of 52% for the half year ended September 2026 as against Rs. 1,679 Crores in the half year ended September 2025
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8© TVS Motor Company. All Rights Reserved. Sales H1 2026-27 TOTAL (Nos. in ‘000) Motorcycles Scooters H1 2026-27 1,599 1,505 300 145 3,550 H1 2025-26 1,294 1,138 254 98 2,784 24% 32% 18% 48% 28% Three-wheelers Mopeds
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9© TVS Motor Company. All Rights Reserved. 21,986 30,999 H1 2025-26 H1 2026-27 Revenue from Operations 2,767 3,998 H1 2025-26 H1 2026-27 Operating EBITDA 1,679 2,551 H1 2025-26 H1 2026-27 Profit After Tax Financial Performance H1 2026-27 (Rs. in Crores) 41% 44% 52%
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Disclaimer: No part of this presentation is to be circulated, quoted, or reproduced for any distribution without prior written approval from TVS Motor Company Limited, PB 4, Harita, Hosur-635109, Tamil Nadu, India. Certain parts of this presentation may be “forward looking statements” within the meaning of applicable laws and regulations and actuals may differ from those either expressed or implied. Thank you © TVS Motor Company. All Rights Reserved. TVSM Results – Q/E 30th September 2026 / Presentation dated 28th October 2026
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Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845 Annexure A Disclosure of information pursuant to Regulation 30 of the Listing Regulations Disclosure for acquisition of shares (including agreement to acquire) S.No Particulars Details 1. Name of the target entity, details in brief such as size, turnover etc. Name of Target: Harita ARC Limited (“TVSM WOS”) Details of Target: TVSM WOS is acquired to inter alia carry on the consumer finance and related business after implementation of the demerger. Paid-up Capital: Rs. 25,000/- Turnover: Nil 2. Whether the acquisition would fall within related party transaction(s) and-whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” Yes, the proposed transaction is a related party transaction. The Company has acquired shares of TVSM WOS from TVS Credit Services Limited, a material subsidiary of the Company. The acquisition is done on an “arm’s length” basis. 3. Industry to which the entity being acquired belongs Financial Services 4. Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity). The said acquisition is carried out in connection with the proposed demerger of Company’s consumer finance and related business into a separate legal entity. TVSM WOS w ould be undertaking the consumer finance and related business of the Company as and when the board of directors of the Company decide to implement the proposed demerger. 5. Brief details of any governmental or regulatory approvals required for the acquisition. No approvals required 6. Indicative time period for completion of the acquisition. The acquisition will be completed on 28th October 2026. 7. Consideration - whether cash consideration or share swap or any other form and details of the same. Cash consideration 8. Cost of acquisition or the price at which the shares are acquired Rs. 25,000/-
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Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845 S.No Particulars Details 9. Percentage of shareholding / control acquired and / or number of shares acquired. 100% of equity share capital amounting to 2 ,500 equity shares of Rs. 10 each 10. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief). Refer to details in Sr. No. 4 above. Date of incorporation: 25.08.2017 Countries with Presence: India Revenue: TVSM WOS is yet to commence any business operations.
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Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845 Annexure B Amalgamation / Merger S.No Particulars Details 1. Name of the entity(ies) forming part of the amalgamation/merger, details in brief such as size, turnover etc. 1. TVS Motor Company Limited (“Company” or “Transferee Company”) As on 30th September 2026 Particulars Rs. in Cr Total assets 32,832.13 Net worth 13,808.53 Turnover 35,769.96 2. TVS Motor Services Limited (“Transfero r C ompany”) As on 30th September 2026 Particulars Rs. in Cr Total assets 251.44 Net worth 198.93 Turnover Nil 2. Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arms’ length” Yes, the transaction is a related party transaction. However, in terms of General Circular No. 30/2014 dated July 17, 2014, issued by the Ministry of Corporate Affairs (“MCA Circular”), the transactions arising out of compromises, arrangements and amalgamations under the Act will not attract the requirements of Section 188 of the Act. The Scheme provides for the amalgamation of the Transferor Company with the Company. Since the Transferor Company is a wholly owned subsidiary of the Company, no consideration is being discharged for the amalgamation. Accordingly, no valuation has been undertaken. 3. Area of business of the entity(ies) The Transferee Company is the third largest two- wheeler manufacturer globally and three wheeler manufacturer, championing progress through sustainable mobility with its state -of-the-art manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. The Transferor Company was incorporated for carrying on the business of buying, selling, leasing, servicing and dealing in automobiles, automotive products, spare parts, components, accessories and allied equipment, including related fuels and lubricants. Additionally, it provides repair, maintenance and other support
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Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845 S.No Particulars Details services for various classes of vehicles and automotive machinery. 4. Rationale for the arrangement To streamline the group corporate structure and consolidating assets and liabilities, leading to synergies of operations and aligned operations within a single entity 5. In case of cash consideration – amount or otherwise share exchange ratio Not Applicable Since the Transferor Company is a wholly owned subsidiary of the Company, no consideration is being discharged for the amalgamation. 6. Brief details of change in shareholding pattern (if any) of listed entity There will not be any change in the existing shareholding pattern of the Company pursuant to the proposed Scheme.
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Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845 Annexure C D emerger S.No Particulars Details 1. Brief details of the division(s) to be demerged The consumer finance and related business of the Demerged Company relating to lending and investment activities, including but not limited to consumer finance business, leasing activities and ancillary and support services, undertaken directly or through its subsidiaries, including but no t limited to lending activities, investment activities, leasing activities and ancillary and support services. 2. Turnover of the demerged division and as percentage to the total turnover of the listed entity in the immediately preceding financial year / based on financials of the last financial year The turnover of the Demerged Undertaking for the period ended 30th September 2026 was Rs. 3,921 Crore out of the total turnover of Rs. 35,770 Crore of the Company. 3. Rationale for demerger (i) The demerger will simplify the group structure and create focused businesses, with a clear segregation of the Demerged Undertaking and the Remaining Business. This will allow the Demerged Company and the Resulting Company to operate as independent, standalone platforms, each concentrating on its own core activities, growth strategy and commercial objectives; (ii) The consumer finance and related business needs a separate strategy suited to its industry -specific risks, market dynamics and growth path; (iii) The nature of, and competition in, the consumer finance and related b usiness differ from those of the other businesses; and (iv) The demerger of the consumer finance and related business will result in the following benefits: (a) unlocking the value of the Demerged Undertaking for the shareholders of the Demerged Company. (b) creation of an independent company focusing exclusively on consumer finance and related business and exploring opportunities in the said sector. (c) the independent company can attract different sets of investors, strategic partners, lenders and other stakeholders having a specific interest in the consumer finance and related business.
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Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845 S.No Particulars Details (d) a financial services company can have a higher leverage (as compared to the Demerged Company) for its growth. 4. Brief details of change in shareholding pattern (if any) of all entities; (i) TVS Motor Company Limited Pursuant to the Scheme, there will be no change in the shareholding pattern of the Company. (ii) Resulting Company / TVSM WOS Upon the Scheme becoming effective, the Resulting Company will issue and allot its fully paid-up equity shares to the eligible shareholders of the Company, in proportion to their respective shareholding in the Company as on the Record Date (as defined in the Scheme) such that the shareholding pattern of the Resulting Company will mirror that of the Company. Simultaneously, all equity shares of the Resulting Company held by the Company as on the Effective Date shall stand cancelled. Brief details of change in shareholding pattern of the Resulting Company are provided below: Particulars As on 30 th September 2026 Pre-Scheme Post-Scheme No. of equity shares % No. of equity shares % Promoters 2,500 100 23,88,12,786 50.27 Public - - 23,61,77,311 49.71 Non Promoter- Non Public - - 97,017 0.02 Total 2,500 100.00 47,50,87,114 100.00 (iii) TVS Motor Services Limited Pursuant to the Scheme, TVS Motor Services Limited will be dissolved without being wound up. 5. In case of cash consideration – amount or otherwise share exchange ratio No cash consideration is being discharged under the Scheme. In terms of the Scheme, the Resulting Company will issue and allot 1 (One) fully paid-up equity share of face value of INR 1/- (Rupee One only) each of the Resulting Company for every 1 (One) fully paid-up equity share of face value of INR 1/ - (Rupee One o nly) each of the Company, aggregating to 47,50,87,114 (Forty Seven Crore Fifty Lakh Eighty Seven Thousand One Hundred and Fourteen) equity
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Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845 S.No Particulars Details shares, to the shareholders of the Demerged Company whose names appear in its register of members and depository records as on the Record Date (as defined in the Scheme). The share entitlement ratio has been determined based on the valuation report dated 28th October 2026 issued by M/s. Bansi S. Mehta Valuers LLP , Registered Valuer. Further, M/s. JM Financial Limited has issued a fairness opinion on the share entitlement ratio determined by the Registered Valuer. 6. Whether listing would be sought for the resulting entity Yes, subject to receipt of requisite approvals from statutory and regulatory authorities, the equity shares of the Resulting Company will be listed and admitted to trading on the Stock Exchanges pursuant to the Scheme. o Oo
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PRESS RELEASE TVS MOTOR COMPANY ANNOUNCES DEMERGER OF CONSUMER FINANCE AND RELATED BUSINESS UNDERTAKING • Proposed demerger will unlock shareholder value through a focused platform for the Group's consumer finance and related businesses • Provides greater strategic autonomy, sharper capital allocation and enhanced flexibility to pursue sector opportunities • Shareholders to participate in the future growth of both mobility and financial services businesses Bengaluru, October 28, 2026: The Board of Directors of TVS Motor Company , part of TVS VENU, today approved a Composite Scheme of Arrangement (Scheme) to demerge its consumer finance and related business undertaking into a separate holding company. Under the proposed Scheme, shareholders of the c ompany will receive equal number of shares in the resulting company as in TVS Motor , enabling them to participate in the future growth of both the mobility and consumer finance businesses. The consumer finance and related business have expanded in scale and scope and a dedicated st ructure will provide greater strategic focus, flexibility in capital allocation and the ability to pursue opportunities across the consumer finance and related sectors. The proposed structure will better align shareholders with the future growth of these businesses while supporting their continued expansion. In August 2026, the NBFC Companies within the Group have approved a proposal to merge and consolidate the Group’s consumer finance businesses into a single operating platform. The proposed demerger is the next step in this strategic process and is intended to segregate the Consumer finance and related businesses from TVS Motor into a dedicated platform and reflects the Group's long-term conviction in India's financial services sector and its role in supporting economic growth, financial inclusion and rising aspirations across the country. The proposed structure will also enable TVS Motor to sharpen its focus on its continuing automotive and mobility businesses. The Group remains committed to the growth and development of both the dedicated consumer finance platform and TVS Motor’s continuing business. Sudarshan Venu, Chairman, TVS Motor Company, said: "India's rapidly expanding financial services sector offer s tremendous opportunities for long- term growth. Driven by digitisation, expanding credit access and the aspirations of India's growing middle class, financial services are playing an increasingly important role in one of the world's fastest -growing large economies. A t TVS VENU , we have built meaningful presence and capabilities in this sector through sustained investments over 15 years. Our NBFC TVS Credit, along with Home Credit India, serves more
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PRESS RELEASE than 45 million customers across 100,000 touchpoints in India. Earlier this year, we announced the acquisition of education finance company Varthana, which will accelerate our participation in secured and longer -tenure lending. Our investment in Jana Small Finance Bank was made with a view to supporting high- quality institutions that address the huge oppor tunity arising from India's evolving financial needs and expanding digital financial ecosystem. The businesses being demerged have developed strong capabilities, customer relationships and platforms that position them well for the future. We believe this new structure will create additional value for stakeholders while providing these businesses with greater strategic autonomy. The demerger will allow them to pursue opportunities across consumer finance and related sectors and allocate capital in line with their growth priorities. It positions them to realise the full potential of their assets and capabilities while enabling TVS Motor Company to remain focused on strengthening its leadership in mobility globally. Importantly, our shareholders will continue to participate in the future growth of both businesses." The Composite Scheme will also envisage merger of TVS Motor Services, a wholly owned subsidiary with the company for streamlining the corporate structure and enhancing operational synergies. The Sc heme is subject to requisite statutory, regulatory, shareholder and other approvals as may be applicable. In addition, the Board also approved, acquiring controlling interest in STPL Trading and Services Private Limited which is in the process of merging with TVS Credit Services. Pursuant to this, the company will effectively get an additional ~2.4% holding in TVS Credit Services post the consummation of merger. About TVS Motor Company TVS Motor Company (BSE:532343 and NSE: TVSMOTOR), part of TVS VENU, is 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. Rooted in our 100 -year legacy of trust, value, and passion for customers, it takes pride in making internationally accepted products of the highest quality through innovative and sustainable processes. TVS Motor is the only two- wheeler company to have won the prestigious Deming Prize. Our products lead in their respecti ve categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for four consecutive years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. TVS Motor Company endeavours to deliver the most superior customer experience across 90 countries in which we operate. For more information, please visit www.tvsmotor.com. **** For more information, please contact: KS Harini: ks.harini@tvsmotor.com
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Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845 Annexure D Disclosure of information pursuant to Regulation 30 of the Listing Regulations Disclosure for acquisition of shares (including agreement to acquire) S.No Particulars Details 1. Name of the target entity, details in brief such as size, turnover etc. Name of Target: STPL Trading and Services Private Limited (“STPL”) Details of Target: STPL is engaged in the business of trading and services company and it holds 7.5% shares in Home Credit India Finance Private Limited (“Home Credit”), a NBFC company. Paid-up Capital: Rs. 188,94,75,510 (Rs. in Cr) S.no Particulars Details 1. Turnover - 2. Profit After Tax 72.44 3. Networth 220.85 2. Whether the acquisition would fall within related party transaction(s) and-whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” Yes, the proposed transaction is a related party transaction. The shares are acquired from various stakeholders who are related parties. The transfer of shares will be done at “arms -length” based on a valuation report. 3. Industry to which the entity being acquired belongs Business of Trading and Services 4. Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity). The acquisition is proposed as part of the Company's business consolidation and restructuring initiatives. The proposed acquisition of STPL shares will ultimately result in additional holding in TVS Credit Services Limited (“TVSCS”) to the extent of ~2.4% post-merger of the Home Credit with TVSCS. 5. Brief details of any governmental or regulatory approvals required for the acquisition. No approvals required 6. Indicative time period for completion of the acquisition The acquisition is expected to be completed on or before 31st December 2026.
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Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845 S.No Particulars Details 7. Consideration - whether cash consideration or share swap or any other form and details of the same Cash consideration 8. Cost of acquisition or the price at which the shares are acquired . Rs. 530.08 Cr 9. Percentage of shareholding / control acquired and / or number of shares acquired. 100% stake constituting 18,89,47,551 equity shares. 10. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief). STPL is engaged in the business of trading and services company, and it holds 7.5% shares in Home Credit, a NBFC company . It is headquarter ed in Bengaluru and carries on the business of trading and services. Date of incorporation: 23.08.2017 Countries with Presence: India Turnover: Financial Year (Rs. in Cr) 2025-26 - 2024-25 1.05 2023-24 - oOo