TVS SRICHAKRA LTD.
NSE : TVSSRICHAKBSE : 509243ISIN
CODE : INE421C01016Industry : Tyres & AlliedHouse
: TVS Iyengar
BSE4163.70-21.75 (-0.52 % )
PREV CLOSE (Rs.) 4185.45
OPEN PRICE (Rs.) 4200.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 202
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE4172.90 -15.65 (-0.37 % )
PREV CLOSE(Rs.) 4188.55
OPEN PRICE (Rs.) 4200.00
BID PRICE (QTY) 4172.90 (79 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 4453
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 03-Apr-2024 | TVS Srichakra informs about loss of share certificate | <p style="text-align: justify;">In terms of the Regulation 39(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), TVS Srichakra has informed that it has received a communication from its Registrar and Transfer Agent - Integrated Registry Management Services, Chennai, regarding loss of share certificate and request for issuance of duplicate share certificate(s), as details enclosed.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 13-Feb-2024 | Board Meeting Outcome for Appointment Of Non-Executive Independent Directors | This is to inform that Board of Directors f the company at their meeting held today (13.2.2024) based on the recommendation of the Nomination and Remuneration Committee, have taken the following decisions: Appointed Mr. Ashok Srinivasan (DIN: 06539656) as Additional Director in the category of Non-executive Independent Director of the company for a period of 5 (Five) years effective from 13th February 2024. Appointed Mr. Piyush Jinendrakumar Munot (DIN: 00119507) as Additional Director in the category of Non-executive Independent Director of the company for a period of 5 (Five) years effective from 13th February 2024 The appointments are subject to the approval of the shareholders and the company will seek approval through postal ballot with remote e voting facility |
| 29-Jan-2024 | Tvs Srichakra informs about loss of share certificate | <div>Tvs Srichakra has informed that it received a communication from its RTA Integrated Registry management Services, Chennai, regarding loss of share certificate and request for issuance of duplicate share certificate.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 11-Jan-2024 | TVS Srichakra executes loan agreement for extending loan to Super Grip Corporation | <p style="text-align: justify;">TVS Srichakra has executed a loan agreement for extending loan for an amount of $5 million to Super Grip Corporation, USA (previously known as SG Acquisition Corporation), wholly owned subsidiary of the company.</p><p style="text-align: justify;">Rate of interest is 6% per annum. The tenure of the loan is 3 years from the date of disbursement of the loan. The loan is repayable on demand. The Borrower may prepay all or any part of the loan along with interest at any time during the term of the loan without any penalty/premium, subject to giving 15 days prior written notice to Lender. The Borrower shall use the proceeds exclusively for its business and operational purposes.</p><p style="text-align: justify;">TVS Srichakra is one of India's leading two- and three -wheeler tyre manufacturer. The company is recognised as a large manufacturer of industrial pneumatic tyres, flotation, motorgrader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.</p><div style="text-align: justify;"><br></div> |
| 05-Jan-2024 | TVS Srichakra acquires stake in Clean Max Genesis | <p style="text-align: justify;">TVS Srichakra has made an investment of Rs 4.35 crore and acquired 21,909 Equity Shares of M/s Clean Max Genesis (CMGPL) by subscribing to the right issue at face value of Rs 10 each and at a premium of Rs 1,976 per share for purchase of solar power under Group Captive mode. </p><p style="text-align: justify;">Consequent to this, its total shareholding with CMGPL has increased from 666 Equity Shares to 22,575 Equity Shares. The object of acquiring the shares of CMGPL by the Company is to purchase solar power under Group Captive mode.</p><p style="text-align: justify;">TVS Srichakra is one of India's leading two- and three -wheeler tyre manufacturer. The company is recognised as a large manufacturer of industrial pneumatic tyres, flotation, motorgrader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.</p> |
| 26-Dec-2023 | TVS Srichakra surges on acquiring stake in Clean Max Genesis | <p style="text-align: justify;">TVS Srichakra is currently trading at Rs. 4676.45, up by 127.80 points or 2.81% from its previous closing of Rs. 4548.65 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 4575.65 and has touched a high and low of Rs. 4753.35 and Rs. 4575.65 respectively. So far 501 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5094.95 on 29-Nov-2023 and a 52 week low of Rs. 2454.15 on 28-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 4753.35 and Rs. 4400.10 respectively. The current market cap of the company is Rs. 3587.71 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 45.70%, while Institutions and Non-Institutions held 3.89% and 50.41% respectively.</p><p style="text-align: justify;">TVS Srichakra has made an investment of Rs 6,660 and acquired 666 Equity Shares in the Equity Share Capital of M/s Clean Max Genesis (CMGPL) at face value of Rs 10 each, which represents 6.60% of the paid-up Equity Share Capital of CMGPL. The object of acquiring the shares of CMGPL by the Company is to purchase solar power under Group Captive mode.</p><p style="text-align: justify;">TVS Srichakra is one of India's leading two- and three -wheeler tyre manufacturer. The company is recognised as a large manufacturer of industrial pneumatic tyres, flotation, motorgrader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.</p> |
| 22-Dec-2023 | TVS Srichakra acquires stake in Clean Max Genesis | <p style="text-align: justify;">TVS Srichakra has made an investment of Rs 6,660 and acquired 666 Equity Shares in the Equity Share Capital of M/s Clean Max Genesis (CMGPL) at face value of Rs 10 each, which represents 6.60% of the paid-up Equity Share Capital of CMGPL. The object of acquiring the shares of CMGPL by the Company is to purchase solar power under Group Captive mode.</p><p style="text-align: justify;">TVS Srichakra is one of India's leading two- and three -wheeler tyre manufacturer. The company is recognised as a large manufacturer of industrial pneumatic tyres, flotation, motorgrader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.</p> |
| 20-Dec-2023 | TVS Srichakra informs about details of loss of certificate | <div style="text-align: justify;">In terms of the Regulation 39(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), TVS Srichakra has informed that it has received a communication from Registrar and Transfer Agent Integrated Registry Management Services, Chennai, regarding loss of share certificate and request for issuance of duplicate share certificate(s), as detailed enclosed. Name of the Shareholder: K Sampathkumar (Folio No. 35771)</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 02-Dec-2023 | TVS Srichakra informs about disclosure | <p style="text-align: justify;">TVS Srichakra has informed that the Company has received an adverse order in adjudication from the Office of the Principal Commissioner of Customs, Mumbai with a tax demand of Rs 11.02 crores, along with interest, penalties amounting to Rs 1.10 crore, and redemption fine of Rs 3.84 crores issued under section 28(8) of the Customs Act, 1962 for the disputed tax period 13 Oct 2017 to 10 Jan 2019. In this regard, the company is in active consultation with legal experts to evaluate the most expeditious remedy. Following the Company's assessment and preliminary evaluation of the Order with facts and circumstances, the Company is confident that no liability would eventually devolve on the company. Steps are being taken to expeditiously contest the Order. The Company remains optimistic about achieving a favorable outcome in this process. The details of the above Order, as required under Regulation 30, Para A, Part A, of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023 is enclosed as Annexure A. This intimation is also being uploaded on the Company's website at https://tvseurogrip.com/.</p><p style="text-align: justify;"><span style="text-align: left;">The above information is a part of company's filings submitted to BSE.</span></p><div><br></div> |
| 04-Nov-2023 | TVS Srichakra's arm executes Asset Purchase Agreement with Super Grip Corporation | <p style="text-align: justify;">TVS Srichakra's wholly owned subsidiary -- SG Acquisition Corporation has executed an Asset Purchase Agreement with M/s Super Grip Corporation, USA (SG), marking an important acquisition. This transaction involved transfer of assets, liabilities and business operations from M/s Super Grip Corporation, US, to M/s SG Acquisition, US, without subscribing to the shares in M/s Super Grip Corporation. The objective of acquisition is to expand business in the USA.</p><p style="text-align: justify;">TVS Srichakra is one of India's leading two- and three -wheeler tyre manufacturer. The company is recognised as a large manufacturer of industrial pneumatic tyres, flotation, motorgrader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.</p> |
