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History of TVS Srichakra Ltd.

OBJECTS and ACTIVITIES

Manufacture of rubber tyres, tubes & rubber products. 1984: Products were launched. The Comp. received a letter of intent for manufacture of 3 lakh nos. each tyres & tubes of cars, jeeps, LCV & animal drawn vehicles. The Comp. also undertook to expand its annual installed capacity from 6 lakh nos to 7.5 lakh nos. each of tyres & tubes for two & three wheelers. 1985-86: Letter of intent was received for manufacture 600000 nos. of automotive tyres & tubes per annum. 1986-87: The Comp. undertook to implement a project for manufacture of 4 wheeler tyre & tubes for Maruti & Ambassador cars. 1987-88: The Comp. launched its 4 wheeler tyres & tubes over all the country. The Comp. converted the letter of intent for manufacture of 6 lakh nos. of automotive tyres & tubes to an industrial licence. 1989-90: The Comp. undertook an expansion programme at a cost of Rs.560 lakhs in connection with the project for manufacture of automotive tyres & tubes. During October 1989 the Comp. offered 171518 -12.5% secured fully convertible debentures of Rs.120 each. Out of these 163350 debentures were offered on a right basis to the existing shareholders. Additional 16333 debentures were allotted to shareholders in order to retain oversubscription. Each debenture of face value of Rs.120 was converted into 10 equity shares of Rs.10 each at a premium of Rs.2 per share on the expiry of 6 months from the date of allotment of debentures. 1991-92: The Comp. proposed to issue rights equity shares in the ratio of 1:2.

2001 - ICRA has also assigned the MAA- rating to the Rs 6-crore NCD programme of TVS Srichakra Ltd [TSLs] indicating high safety.

2003 -Mr W P A R Nagarajan one of Board of Directors of TVS Srichakra Ltd passed away

2004

-TVS Srichakra gets CII awards in safety, health & environment

2007

- TVS Srichakra Ltd has appointed Mr. P K Sundaresan as President - Finance and Secretary of Company, with effect from 30.4.2007.