5323432026-10-285323432026-10-282026-10-285323432026-10-282026-10-28

DemergedEntityDomain1

5323432026-10-28

DemergedEntityDomain1

5323432026-10-282026-10-28

DemergedEntityDomain2

5323432026-10-28

DemergedEntityDomain2

iso4217:INRxbrli:purexbrli:shares

532343

TVS Motor Company Limited

TVSMOTOR

NOTLISTED

INE494B01023

New

De-merger

true

2026-10-28

14:50:00

2026-10-28

The consumer finance and related business of the Demerged Company relating to lending and investment activities, including but not limited to consumer finance business, leasing activities and ancillary and support services, undertaken directly or through its subsidiaries, including but not limited to lending activities, investment activities, leasing activities and ancillary and support services.

TVS Motor Company Limited

Demerged

Listed Entity (self)

39210000000

0.1096

238812786

0.5027

236177311

0.4971

97017

0.0002

475087114

238812786

0.5027

236177311

0.4971

97017

0.0002

475087114

Harita ARC Limited

Resulting

Subsidiary

2500

238812786

0.5027

236177311

0.4971

97017

0.0002

475087114

1:1

No cash consideration is being discharged under the Scheme.In terms of the Scheme, the Resulting Company will issue and allot 1 (One) fully paid-up equity share of face value of INR 1/- (Rupee One only) each of the Resulting Company for every 1 (One) fully paid-up equity share of face value of INR 1/- (Rupee One only) each of the Company, aggregating to 47,50,87,114 (Forty Seven Crore Fifty Lakh Eighty Seven Thousand One Hundred and Fourteen) equity shares, to the shareholders of the Demerged Company whose names appear in its register of members and depository records as on the Record Date (as defined in the Scheme). The share entitlement ratio has been determined based on the valuation report dated 28th October 2026 issued by M/s. Bansi S. Mehta Valuers LLP, Registered Valuer. Further, M/s. JM Financial Limited has issued a fairness opinion on the share entitlement ratio determined by the Registered Valuer.

(i) The demerger will simplify the group structure and create focused businesses, with a clear segregation of the Demerged Undertaking and the Remaining Business. This will allow the Demerged Company and the Resulting Company to operate as independent, standalone platforms, each concentrating on its own core activities, growth strategy and commercial objectives; (ii) The consumer finance and related business needs a separate strategy suited to its industry-specific risks, market dynamics and growth path; (iii) The nature of, and competition in, the consumer finance and related business differ from those of the other businesses; and (iv) The demerger of the consumer finance and related business will result in the following benefits: (a) unlocking the value of the Demerged Undertaking for the shareholders of the Demerged Company. (b) creation of an independent company focusing exclusively on consumer finance and related business and exploring opportunities in the said sector. (c) the independent company can attract different sets of investors, strategic partners, lenders and other stakeholders having a specific interest in the consumer finance and related business.(d) a financial services company can have a higher leverage (as compared to the Demerged Company) for its growth.

true