TVS Motor Company (532343) AGM 2026 summary

Opening remarks and agenda

• Meeting convened with 86 shareholders present and requisite quorum confirmed.

• Statutory requirements and compliance with Ministry and SEBI circulars for virtual AGM outlined.

• Directors and key committee chairs introduced to shareholders.

• Notice of meeting and auditor reports circulated in advance, both free from qualifications.

Financial performance review

• Achieved highest-ever annual sales volume of 5.89 million vehicles, up 24% year-on-year.

• Revenue reached INR 47,270 crore and EBITDA INR 6,079 crore, both record highs.

• International business contributed over 25% of revenue, with volumes exceeding 1.59 million units.

• Electric vehicle sales grew 33% to over 3.71 lakh units, supported by expanded product range.

• Financial services arm, TVS Credit, saw 26% growth in disbursement and asset base over INR 30,000 crore.

Board and executive committee updates

• Board includes chairs for Audit, Nomination & Remuneration, Risk Management, and Stakeholder Committees.

• Chairman and Managing Director Sudarshan Venu reappointed as director liable to retire by rotation.