Description
BSE circular regarding scheme of arrangement for bonus issue of non-convertible preference shares by TVS Motor Company Limited.
Summary
BSE has issued a circular regarding the scheme of arrangement for bonus issue of non-convertible preference shares by TVS Motor Company Limited (Scrip Code: 532343 & 132343).
Key Points
- Corporate action involves bonus issue of non-convertible preference shares
- Affects TVS Motor Company Limited shareholders
- Scheme of arrangement requires regulatory approval and shareholder consent
- Both equity (532343) and debt (132343) scrip codes mentioned
Regulatory Changes
Implementation of approved scheme of arrangement for bonus preference share issue.
Compliance Requirements
- Shareholders to receive bonus non-convertible preference shares as per scheme ratio
- Company to comply with listing requirements for new preference shares
- Proper disclosure and communication to all stakeholders
Important Dates
- Circular Date: August 21, 2025
- Specific record dates and implementation timeline as per scheme document
Impact Assessment
Positive impact for existing shareholders through additional preference share allocation. May affect share price dynamics and capital structure of TVS Motor Company.
Impact Justification
Corporate action affecting existing shareholders through bonus preference share issue