TVS Motor Company has successfully redeemed 19,00,34,84,456 bonus 6% cumulative non-convertible redeemable preference shares (‘NCRPS’). The company made the full and final redemption payment of ₹10 per NCRPS, alongside a coupon payment of 6% per annum on the redemption amount. The total coupon payment amounted to ₹114,02,09,074. The redemption was effective from September 1, 2026.
NCRPS Redemption and Payment Completed
TVS Motor Company Limited has formally announced the redemption of its 19,00,34,84,456 bonus 6% cumulative non-convertible redeemable preference shares (NCRPS). This redemption signifies the full and final settlement for these preference shares, as per the terms of their issuance and applicable regulations.
Financial Details of Redemption
The company confirmed the payment of the full redemption amount of ₹10 per NCRPS. In addition to the principal redemption, a coupon payment was also disbursed. This coupon payment was calculated at a rate of 6% per annum on the redemption amount of ₹10 per NCRPS. The aggregate amount paid as coupon interest totals ₹114,02,09,074. The redemption date for these shares was September 1, 2026, with coupon payments made on September 1, 2026.
Shareholder Information
The record date for determining eligible NCRPS holders entitled to receive the redemption and coupon payments was August 11, 2026. Following the successful completion of these payments, the NCRPS have been redeemed and extinguished, effective from September 1, 2026.
The ISIN for these NCRPS is INE494B04019. The total issue size for redemption was valued at ₹19,00,34,84,560.
Source: BSE
