TVS Motor Company has announced Friday, August 21, 2026, as the record date for determining eligible holders of its 6% cumulative non-convertible redeemable preference shares (NCRPS). These shares, with a face value of ₹10 each, will be fully redeemed at ₹10 per NCRPS, along with a 6% per annum coupon payment, effective September 1, 2026. The ISIN INE494B04019 will be deactivated post-redemption.
TVS Motor Sets Record Date for Preference Share Redemption
TVS Motor Company Limited has officially announced the record date for the redemption of its outstanding 6% cumulative non-convertible redeemable preference shares (NCRPS). The company has fixed Friday, August 21, 2026, as the record date for this purpose.
Details of Redemption and Entitlements
This record date will be used to identify eligible NCRPS holders who are entitled to receive the full and final redemption amount. The redemption payment will consist of ₹10 per NCRPS, along with a coupon payment calculated at the rate of 6% per annum on the redemption amount. The redemption is scheduled to be effective from September 1, 2026.
ISIN Deactivation
Following the full redemption of the NCRPS on September 1, 2026, the associated ISIN, INE494B04019, pertaining to these preference shares, will be deactivated as per the standard procedures followed by the stock exchanges.
Key Dates
The key dates are as follows:
- Record Date (RD): August 21, 2026
- Redemption Date: September 1, 2026
Source: BSE
