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 Codes: 532343 & 132343). This corporate action involves the issuance of bonus non-convertible preference shares to existing shareholders.
Key Points
- Company: TVS Motor Company Limited
- Scrip Codes: 532343 (Equity) & 132343 (Preference)
- Corporate Action: Bonus issue of non-convertible preference shares
- Action Type: Scheme of arrangement
- Exchange: BSE Limited
Regulatory Changes
Implementation of scheme of arrangement for bonus issue as per regulatory requirements and company’s board resolution.
Compliance Requirements
- Shareholders to take note of the bonus issue entitlement
- Record date and other key dates to be announced
- Corporate action processing as per exchange guidelines
- Compliance with SEBI regulations for bonus issues
Important Dates
- Circular Date: August 21, 2025
- Other key dates including record date, ex-date to be specified in detailed circular
Impact Assessment
The bonus issue of non-convertible preference shares will:
- Increase the number of preference shares outstanding
- Provide additional capital structure flexibility
- May affect trading patterns during ex-date period
- Requires shareholder awareness of entitlement ratios and procedures
Impact Justification
Bonus issue of preference shares affects shareholder equity structure and requires corporate action