TVS Motor Company Limited has received official approval from both the BSE Limited and the National Stock Exchange (NSE) to list and commence trading of its 190,03,48,456 (190.03 crore) 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS). The shares, each with a face value of INR 10, are being issued pursuant to a sanctioned Scheme of Arrangement. Trading for these new securities is set to commence on March 10, 2026, across both exchanges.
Commencement of Trading for New Securities
TVS Motor Company Limited announced on March 6, 2026, that it has secured the necessary approvals from the National Stock Exchange (NSE) and the BSE Limited for the listing and trading of its newly issued securities. These securities are 190,03,48,456 6% Cumulative Non-Convertible Redeemable Preference Shares (“NCRPS”), each bearing a face value of INR 10. This issuance is formalized under a Scheme of Arrangement previously sanctioned by the National Company Law Tribunal (NCLT) on July 31, 2025.
Key Trading Details
The listing and trading of these NCRPS will be effective from Tuesday, March 10, 2026. The market participants have been provided with the specific identifiers required for trading:
- ISIN:
INE494B04019 - NSE Symbol:
TVSMNCRPS - BSE Scrip Code:
717506 - Total Quantity: 1,90,03,48,456 shares
- Market Lot: 1 share
- Distinctive Numbers:
1 to 1900348456
Regulatory Confirmation
Both exchanges confirmed the approval in their respective communications dated March 6, 2026. The BSE notice further specifies that the securities fall under the F GROUP list and that the allotment date for these shares was September 1, 2025. All trading is mandated to occur only in dematerialized form.
Source: BSE
