Shaily Engineering grants 3,000 stock options under ESOP 201...
Source: scanx.trade
TSF Investments (formerly Sundaram Finance Holdings) on Tuesday reported a consolidated net profit of ₹530.2 crores in FY26 as compared to ₹412.09 crores registered in the previous financial year.
The increase in consolidated net profit is partly because of a gain of ₹41 crores from fair valuation of previously held equity interest in Axles India Ltd .
During the year , Axles India Ltd became a subsidiary as TSF Group acquired shares held by Dana Global Products Inc. for a consideration of ₹365.4 crores.
Dividend received from portfolio companies is ₹207.7 crores for FY26.
TSF Investments operates as a core investment company, investing in a portfolio of automotive businesses including foundries and manufacturers of wheels, brakes, turbo chargers, axles and distribution of spare parts.
The Board of Directors recommended a final dividend of ₹4.45/- per share (89 per cent ) for FY26. This together with the Interim Dividend of ₹6.70/- per share (134 per cent ) paid during February 2026 makes a total dividend of ₹11.15/- per share (223 per cent ) for the Fy 26.
As part of the company’s strategy to exit from non – core investments it exited investments in TVS Holdings Ltd (partial exit, Fettle Tone LLP (partial exit) and Sundaram Composite Structures Private Ltd in FY26.
Published on May 19, 2026
Source: The Hindu Business Line