The Company has previously invested in TVS Automobile Solutions Private Limited ("TVS Automobile") by acquiring 9,11,741 equity shares, represnting 7.58% of its paid-up share capital. TVS Automobile has undergone corporate restructuring through a Composite Scheme of Arrangement (Demerger) and Amalgamation ("Scheme") involving TVS Automobile Solutions Private Limited (Transferee Company), TASL Automobile Solutions Private Limited (Resulting Company) and Ki Mobilitiy Soluotions Private Limited (Transferor Company) and their respective shareholders. This said Scheme has been duly approved by the Hon''ble National Company Law Tribunal, Chennai (NCLT).