On 28 July, the board of directors of TV Motor Company will meet and is supposed to raise funds through the issue of non-convertible redeemable debentures on a private placement basis.

Also, the board of directors will consider the first quarter result on 28 July 2022. All vehicle manufacturing facilities in Hosur, Mysuru and Nalagartg in India and Karawang in Indonesia.

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The company reported a 5.1 per cent decline in standalone net profit to Rs 274.50 crore in the quarter ended March 2022 as against Rs 289.24 crore in the quarter ended March 2021.

In the fourth quarter, revenue from operation stood at Rs 5,530.31 crore in the financial year 2022 as against Rs 5321.93 crore in the fourth quarter of FY21.

On Friday, TVS Motors shares jumped 4.15 per cent to end at Rs 872.05.