TVS Motor Company will redeem over 1.9 billion non-convertible redeemable preference shares on September 1, 2026. Shareholders will receive ₹10 per share plus a 6% annual coupon payment.
TVS Motor Redeems ₹19,003 Crore Preference Shares
**Total Shares Redeemed:** 1,900,348,456 shares **Redemption Price:** ₹10 per share ## What just happened TVS Motor Company has announced the formal redemption of its cumulative non-convertible redeemable preference shares (NCRPS). The company will redeem 1,900,348,456 shares at a price of ₹10 each, totaling approximately ₹19,003 crore. ## Why this matters This corporate action signifies the conclusion of the NCRPS lifecycle. It will result in a capital outflow for the company and the extinguishment of these shares from its outstanding capital structure. ## The backstory The redemption is a scheduled event for these preference shares. The record date to determine eligible shareholders for the final payout is set for August 21, 2026. ## What changes now On September 1, 2026, the NCRPS will be redeemed and extinguished. The associated ISIN (INE494B04019) will be deactivated by the stock exchanges. ## Risks to watch No specific risks are highlighted in the filing for this scheduled redemption. The event is a pre-planned financial settlement. ## Peer comparison N/A ## Context metrics (time-bound) Investors holding these shares as of August 21, 2026, will receive ₹10 per share plus a 6% annual coupon payment. ## What to track next Shareholders should monitor the payment date of September 1, 2026, for the final settlement and the subsequent deactivation of the ISIN.
