TVS Srichakra Ltd

TVS Srichakra Limited announced that it received an order on October 5, 2026, from the Office of the State Tax Officer in Rudrapur, Uttarakhand, related to the detention of a vehicle transporting goods. The order stems from proceedings initiated due to an inadvertently rejected e-Way Bill, resulting in the movement of goods without a valid e-Way Bill. Consequently, the company has been assessed a penalty of Rs 10.71 lakh, and is currently evaluating legal remedies, including a potential appeal. TVS Srichakra Limited stated that it does not anticipate a material impact on its operations as a result of this order.

TVS Srichakra Limited submitted a certificate to the National Stock Exchange of India Ltd. and BSE Limited on October 6, 2026, concerning Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, as confirmed by Integrated Registry Management Services Private Limited, the company’s Registrar & Share Transfer Agent, with a dated certificate from October 3, 2026.

TVS Srichakra Limited will close its trading window for equity shares from October 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter and half year ending September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

TVS Srichakra Limited announced that its step-down wholly-owned subsidiary, TVS Sensing Solutions Private Limited, has completed the acquisition of a 51% equity stake in Weber Drivetrain Private Limited from G-Power Energy & Technology Private Limited on August 31, 2026, for Rs 10,00,000. The acquisition, initially announced on July 19, 2026, was previously disclosed with a consideration of Rs 1,43,00,000, which has now been clarified and modified.

TVS Srichakra Limited announced that its 43rd Annual General Meeting will be held on September 24, 2026, at 10:30 A.M. (IST) via video conferencing and other audio visual means, with September 10, 2026, set as the record date for determining entitlement to the final dividend. The company will dispatch the notice of the AGM and the annual report for the financial year 2025-26 via email to registered members and through courier/post for those without registered email addresses.

TVS Srichakra Ltd share price declined by 1.04% to Rs 3876.5 after the company's net profit slipped by 5.74% to Rs 34.02 crore, while revenue from operations slightly gained 8.84% to Rs 1067.61 crore in Q2FY26 over Q1FY26. The market capitalization of Tyres & Rubber Products industry group stocks on BSE stood at Rs 1.51 lakh crore, easing 3.02%. It has eased by 0.78% over last one week and moving up by 8.95% in last one month while the market capitalization of TVS Srichakra Ltd has eased by 2.36% and 7.58% in the same period respectively. Profit before tax (PBT) of TVS Srichakra Ltd stood at Rs 45.24 crore in Q2 FY26, rallying 127.11% year-on-year, and declining 5.91% quarter-on-quarter. EBITDA came in at Rs 67 crore, jumping 44.25% YoY and retreating 14.21% sequentially. Total expenses grew marginally by 9.98% to Rs 1023.94 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 556.94 crore, posting a minor increase of 7.44% YoY, while employee benefits expense was at Rs 115.2 crore, ticking higher by 4.35% YoY. For the TTM ended FY26, revenue from operations grew 11.20% to Rs 3253.83 crore, while net profit plunged by 80.96% to Rs 20.52 crore, compared to previous TTM. EBITDA surged by 31411% to Rs 218.38 crore, and PBT collapsed by 74.99% to Rs 36.51 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 197.33 crore in FY26, as against Rs 227.96 crore in FY25. TVS Srichakra Ltd soared by 37.73% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 2.83% during the same period.

TVS Srichakra Limited will hold a board meeting on Thursday, August 13, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, as previously communicated in a letter dated June 25, 2026, which also noted a trading window closure from July 1, 2026, until 48 hours after the financial results are declared.

Eurogrip Tyres, a brand from TVS Srichakra Ltd., announced the opening of three new exclusive retail stores in Mehsana, Gujarat; Noida and Bareilly, Uttar Pradesh, bringing the total number of such stores to 19. According to a press release issued on July 31, 2026, the new outlets will offer Eurogrip’s range of tyres and related services, including fitment, care, and puncture repair, and are part of a broader strategy to expand the company’s retail presence across India. TVS Srichakra Limited, incorporated in 1982, is a manufacturer and exporter of tyres and is one of the verticals of the USD 5 billion TVS Mobility.

Eurogrip Tyres announced the opening of five new exclusive retail stores in Hyderabad, Telangana. This marks the brand's continued expansion of its retail footprint in India, further strengthening its presence and reinforcing its commitment to providing customers with a complete tyre and 2-wheeler care experience.

Eurogrip Tyres announced the opening of its new exclusive retail store in Panipat, Haryana. This marks the brand's 16th signature store in India, further strengthening its retail footprint and reinforcing its commitment to providing customers with a complete tyre and 2-wheeler care experience.