TVS MOTOR Q2: BOARD APPROVES MERGER & DEMERGER SCHEME; TO ACQUIRE HARITA ARC

• Acquisition: Board approved acquisition of the entire stake in Harita ARC Ltd, making it a wholly owned subsidiary • Merger Approval: Approved amalgamation of TVS Motor Services Ltd into TVS Motor Company • Demerger Plan: Proposed transfer of a specified business undertaking from TVS Motor into Harita ARC on a going-concern basis • Share Allocation: Harita ARC will issue shares to existing TVS Motor shareholders in proportion to their shareholding • Corporate Restructuring: Composite scheme involves TVS Motor, TVS Motor Services and Harita ARC • Business Reorganisation: Proposed arrangement will consolidate TVS Motor Services into the parent while separating the identified undertaking into Harita ARC • Regulatory Approvals: Scheme requires approvals from BSE, NSE, SEBI, NCLT and applicable shareholders and creditors • Implementation: Restructuring remains subject to completion of statutory and regulatory procedures Impact: Neutral to Positive (Corporate restructuring could improve business focus and organisational efficiency, but financial implications and shareholder benefits depend on the final scheme and regulatory approvals.)

TVS MOTOR COMPANY LTD

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