VS Trust, one of the principal promoters of TVS Holdings Limited, has pledged 1.8 lakh equity shares in favor of HSBC InvestDirect Financial Services (India) Limited as collateral for a ₹135 crore facility agreement, according to the company’s latest regulatory disclosure.
Key Transaction Details
| Particulars | Details |
| Pledgor | VS Trust (Trustee: Mr. Venu Srinivasan) |
| Pledgee | HSBC InvestDirect Financial Services (India) Ltd |
| No. of Shares Pledged | 1,80,000 |
| Facility Amount | ₹135 crore |
| Date of Agreement | November 7, 2025 |
| Purpose | General corporate purposes |
| Security Cover Value | ₹270.22 crore (2:1 cover ratio) |
Impact on Shareholding
The pledged 1.8 lakh shares account for 0.89% of TVS Holdings’ total equity and 24.25% of VS Trust’s promoter shareholding.
Currently, VS Trust, represented by Mr. Venu Srinivasan, holds 1,50,63,398 shares, representing a 74.45% stake in TVS Holdings Limited.
Financial and Strategic Implications
The pledge provides a twofold security cover over the ₹135 crore borrowing, reflecting a prudent leverage strategy and ensuring adequate protection for both the pledgor and the lender.
Such a conservative approach is consistent with promoter-level financing norms, particularly for liquidity management or general business purposes.
Regulatory Compliance
The transaction qualifies as an “encumbrance” under Chapter V of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
VS Trust has made the necessary filings in compliance with Regulation 31 and related SEBI disclosure norms.
Summary
VS Trust, led by Venu Srinivasan, has pledged 1.8 lakh shares of TVS Holdings valued at ₹270 crore as collateral for a ₹135 crore facility with HSBC InvestDirect. The move maintains a healthy 2:1 security cover and complies with all SEBI disclosure requirements, underscoring the trust’s continued transparency and financial prudence.
Disclaimer:
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