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Demerged Company viz., TVS Holdings Limited pursuant to the Scheme of Arrangement, for holding the shares in physical form. The Company received a request from T V Sundram Iyengar & Sons Private Limited, a promoter of the Company, dated 16 January 2024 seeking reclassification from 'Promoter / Promoter Group Category' to 'Public Category'. The Board of Directors and Shareholders approved the request, and the necessary application was submitted to the Stock Exchanges on 17 May 2024 and the approval is awaited. During the quarter, the Company allotted 18,14,058 equity shares of Rs. 5 each through Qualified Institutional Placement pursuant to the provisions of the Qualified Institutional Placement under Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and Section 42 and Section 62 of the Companies Act, 2013. 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