TVS Motor To Allot 4 Bonus NCRPS Per Share Post NCLT Sanction; Record Date Fixed; BUY Now?

TVS Motor Company Limited has announced the implementation of its NCLT-approved Scheme of Arrangement, effective 12th August 2025, marking a significant step in rewarding shareholders. Under the scheme, the company will issue 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) by way of bonus, with eligible shareholders—those holding equity shares as on the record date of 25th August 2025—set to receive 4 fully paid-up bonus NCRPS of Rs 10 each for every equity share held.

This move follows the sanctioning of the scheme by the Hon'ble National Company Law Tribunal, Chennai Bench, on 31st July 2025.

"Pursuant to the applicable provisions of the Companies Act, 2013, the Listing Regulations and the Scheme, the Company has fixed 25th August 2025 as the 'Record Date' for the purpose of determining eligible shareholders of the Company who will be entitled to receive bonus NCRPS of the Company, pursuant to the Scheme. Accordingly, each equity share of the Company, as on the Record Date, will be allotted 4 fully paid up bonus NCRPS having face value of INR 10 each of the Company," said TVS Motor Company in a stock exchange filing.

"The Company will undertake further actions to give effect to the Scheme and will make necessary disclosures from time to time. We request you to kindly take this intimation on record," TVS Motor Company confirmed.

In July 2025, TVS Motor Company achieved monthly sales of 456,350 units, a rise of 29% over the 354,140 units sold in July 2024. Sales of total two-wheelers jumped from 339,676 units in July 2024 to 438,790 units in July 2025, representing a 29% advancement. Domestic two-wheeler sales grew from 254,250 units in July 2024 to 308,720 units in July 2025, representing a 21% growth. Motorcycle sales increased from 161,074 units in July 2024 to 201,494 units in July 2025, signifying a 25% improvement. Sales of scooters increased from 139,995 units in July 2024 to 198,265 units in July 2025, marking a 42% increase.

Sales of the EV category jumped from 21,442 units in July 2024 to 23,605 units in July 2025, representing a 10% growth. With sales rising from 97,589 units in July 2024 to 142,629 units in July 2025, the company's total exports saw a 46% boost. With sales rising from 85,426 units in July 2024 to 130,070 units in July 2025, two-wheeler exports went up by 52%. Sales of three-wheelers shot up from 14,464 units in July 2024 to 17,560 units in July 2025, representing a 21% spike.

TVS Motor Share Price Target

Amruta Shinde - Research Analyst at Choice Broking said "TVSMOTOR has recently given a breakout from a Cup and Handle pattern on the weekly chart, followed by a successful retest, and is now exhibiting renewed upward momentum. On the daily chart, the stock has also broken out from a short consolidation phase, creating a confluence of bullish patterns that underscore a strong technical setup."

"The price action reflects a bullish reversal just below the breakout zone, indicating accumulation and reduced selling pressure. A decisive close above ₹3,100, accompanied by strong volumes, would confirm the breakout and could potentially lead the stock towards the ₹3,350 level. The stock is currently trading well above its key exponential moving averages - the 20, 50, 100, and 200-day EMAs which signaling strength across short, medium, and long-term timeframes," the analyst added.

"Momentum indicators further reinforce this positive outlook, with the daily Relative Strength Index (RSI) at 65.29 and trending higher, suggesting improving momentum. From a trading perspective, a buy-on-dips strategy near the ₹3,000 level may offer a favorable entry opportunity, with support at ₹2,850. For long-term investors, those already holding positions may consider continuing to hold as long as the stock trades above ₹2,800," Amruta Shinde further recommended.

TVS Motor Target Price 2

"Momentum remains strong, with immediate resistance at ₹3,080. A breakout above this could push the stock towards ₹3,150. Support is placed at ₹2,950, and a close below this could trigger mild profit booking. Short-term trend remains positive, supported by healthy volumes and bullish technical indicators," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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