| Purpose | Announcement Date | Ex-Date | Record Date | Dividend Amount | Dividend per Share | Remark |
|---|---|---|---|---|---|---|
| Dividend | 11 Mar 2024 | 19 Mar 2024 | 19 Mar 2024 | 8 | 800 | Interim |
| The Board of Directors of the Company at its meeting held today, declared an interim dividend of Rs. 8/- per share (800%) on 47,50,87,114 equity shares of Re.1/- each fully paid up, absorbing a sum of Rs. 380 Cr, for the financial year ending 31st March 2024. The interim dividend declared will be paid to those shareholders, who hold shares in physical form and / or in electronic form and whose names appear in the Register of Members and / or Depositories respectively, as at the close of working hours on 19th March 2024, being the Record Date fixed by the Company for this purpose. The dividend payment will made within a period of 30 days from the declaration of interim dividend, as provided in the Companies Act, 2013. The meeting of the Board of Directors commenced at 02.00 P.M. and concluded at 02.35 P.M. | ||||||
The company said that operating margins for the quarter grew to 14%, sharply higher against 11.30% against the previous corresponding period.
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The two-wheeler segment grew by 16% in March, with 4,00,120 units sold and domestic two-wheeler sales up by 14%.
The company informed the bourses that the record date for interim dividend has been fixed as March 26, 2025, as per SEBI regulations.
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TVS Motor intends to build a centre of innovation to facilitate the rendezvous of engineers, designers, AI and ML experts and innovators, who will build next-gen motorcycles.
To seal the deal, TVS bought 7,914 shares from existing owners at ₹10 per share.
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Domestic two-wheeler sales saw a modest growth of 6%, reaching 3,05,323 units in November 2024, up from 2,87,017 units in November 2023.
The company is buying 7,914 equity shares at ₹10 each from existing shareholders. After the deal is consummated, DriveX will become a subsidiary of TVS Motor.
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