TVS Srichakra Ltd

Filing Status

• TVS Srichakra received a GST Show Cause Notice on 28-09-2026.
• Total demand is about Rs 17.53 crore, including tax, interest, and penalty.
• Company is evaluating the notice and will file a detailed response.
• No final order has been issued yet.

TVS Srichakra Limited trading window closed from 1 October 2026 until 48 hours after the declaration of UFRs for the quarter and half year ended 30 September 2026

AGM Details

• Date of AGM: 24 September 2026; mode: remote and live e-voting at the meeting.
• Record date: 17 September 2026.

Key Resolutions

• Resolution 1: Adoption of audited standalone and consolidated financial statements and reports – passed.
• Resolution 2: Declaration of dividend – passed.
• Resolution 3: Appointment of Mr. Ravichandran as director, liable to retire by rotation – passed.
• Resolution 4: Ratification of remuneration payable to Cost Auditor – passed.

Voting Results

• Resolution 1: Passed with 99.99% in favour.
• Resolution 2: Passed with 99.57% in favour.
• Resolution 3: Passed with 98.56% in favour.
• Resolution 4: Passed with 99.99% in favour.

Director Changes

• Mr. Ravichandran appointed as director, liable to retire by rotation.

Auditor Appointments

• Cost Auditor remuneration ratified.

Store openings

• Opened 21st Eurogrip exclusive retail store in Aligarh, Uttar Pradesh.
• Opened 20th exclusive Eurogrip store in Bhowali, Nainital, Uttarakhand.

Retail services and capabilities

• Stores offer tyres, tubes, professional fitment, tyre care, puncture repair and warranty support.

Capacity and background

• TVS Srichakra manufacturing capacity exceeds 3 million tyres per month.

AGM Details

• 43rd AGM held on 24 September 2026 at 10:30 AM IST via VC/OAVM.
• Meeting duration: 10:30 AM to 11:11 AM IST.
• E-voting window remained open during the AGM and for 15 minutes post-conclusion.
• Statutory Auditors’ and Secretarial Audit Reports had no qualifications; taken as read.
• Combined voting results will be submitted to the stock exchanges within 48 hours.

Acquisition details

• Target: Weber Drivetrain Private Limited; 51% equity stake acquired by TVS Sensing Solutions Private Limited.
• Completion date: 31 August 2026; Weber becomes TVSSPL subsidiary and TVS Srichakra step-down subsidiary.
• Acquired stake: 51% (5,100 equity shares).
• Consideration: Rs 10,00,000; form not disclosed; earlier ₹1,43,00,000 clarified as not payable.
• Regulatory approvals: not specified.
• Industry/sector: not disclosed.
• Purpose/strategic rationale: not disclosed.
• Size/scale: not disclosed.
• Background: not disclosed.

AGM notice and annual report access

• 43rd AGM scheduled for 24 September 2026 at 10:30 AM via VC/OAVM.
• Annual Report FY2025-26 and AGM Notice accessible via web links on the company site.
• Members without registered email addresses should update contact details with the RTA.

Overview

• Standalone BRSR for FY2025-26; TVS Srichakra Ltd manufactures tyres and tubes.
• Exports comprise about 19.69% of turnover; core activity accounts for 99.47% of turnover.
• Reporting boundary is standalone; turnover around ₹3,389.66 crores; net worth ₹1,230.30 crores.
• Main activity: rubber tyres and tubes for motor vehicles, motorcycles, scooters, three-wheelers, tractors, aircraft.

Key ESG Risks & Opportunities

• Material risks include geographic/segment concentration and raw material price volatility.
• Mitigation includes diversification, long-term supplier contracts, and cost controls.
• Opportunities include renewable energy adoption and efficiency improvements.
• Target: reduce Scope 1–2 emissions by 50% by 2030; Scope 3 inventory planned FY26-27.
• Progress: ~23% reduction in Scope 1–2 emissions since FY19 baseline.
• Projects: 5 MWp solar at UKD plant; 100% biomass fuel at Uttarakhand plant.

Governance & Policy Highlights

• CSR Committee oversees sustainability decisions and policy implementation.
• NGRBC principles covered; board-approved policies publicly accessible on www.tvseurogrip.com.
• Policies align with IATF 16949 and ISO 45001/14001/9001/50001.
• Anti-bribery policy exists; POSH and whistleblower provisions; 100% statutory compliance.
• No independent external assessment of policy effectiveness reported.
• Ongoing cybercrime case: Palapilly Crumb payment issue.

Social Responsibility & Workforce

• Permanent employees: 667; workers: 2,040; male 628, female 39 among permanent staff.
• Board female representation: 25%; Key Management Personnel female: 33%.
• WF female share of total remuneration: 4.7% of gross wages.
• OHSE ISO 45001:2018 covers 100% of employees, workers, contractors, and suppliers.
• LTIFR (workers): 0.031; total injuries: 6; no employee fatalities.
• PF/ESI coverage: 100%; return-to-work after parental leave: 100%.
• Training: 45 health/safety trainings (40.12% coverage); 1 safety/skill session (workers).
• Grievance mechanisms include FCC, union committees, HR channels; POSH compliance in place.

Environmental Performance

• Total energy: 2,087,392 GJ; renewable share 517,100 GJ; non-renewable 1,570,291 GJ.
• Scope 1 emissions: 145,050 tCO2e; Scope 2 emissions: 18,956 tCO2e.
• GHG intensity: 0.00000484 tCO2e per INR; PPP-adjusted 0.00009841.
• Water: groundwater 295,338 kL; total withdrawal 295,338 kL; ZLD at Madurai.
• Zero Liquid Discharge (ZLD) implemented; ESP in boilers; 2 external GHG verifications (TUV).
• Waste: total 4,778.08 MT; hazardous 829.09 MT; non-hazardous 3,846 MT; 804.80 MT recovered.
• Waste disposal: 3,973.28 MT (incineration 24.29, landfilling 380, other 3,568.99).
• Projects: 5 MWp solar; 2 MWp wind; energy/steam optimization; Scope 3 inventory planned.

Stakeholder Engagement & Complaints

• Stakeholders: shareholders, customers, employees, suppliers, communities, media, government.
• Engagement channels include email, meetings, website; frequency varies by group.
• Customer complaints: 3,214; pending resolutions NIL; volume rising with expanded network.
• Shareholders: 3 complaints filed; all resolved; investors engaged via website/exchanges/AGMs.
• Value chain partners: 1 complaint; 1 pending resolution; cybercrime case carried forward.

Other Notable Metrics

• Turnover around ₹3,389.66 crores; net worth ₹1,230.30 crores.
• RPTs: purchases from related parties 1.2%; sales 2.0%; loans 20.6%; investments 19.3%.
• Sales to top 10 dealers account for 7.8% of dealer sales; 905 dealers engaged.
• Chambers: CII (national), IRMI (national).
• Cybersecurity: ISO 27001:2022 aligned; no data breaches reported.
• Any product recalls: none reported; data privacy/cyber policy on website.