TVS Motor : Audited Financial Results for the year ended 31st March 2023 March 2023

A. Statement ofutilization ofissue proceeds:

Name of the	ISIN	Mode of	Type of	Date of	Amount	Funds	Any	If8 is Yes,	Rema
Issuer		Fund	instrument	raising	Raised	utilized	deviation	then	rks, if
		Raising		funds	(Rs in Cr)	(Rs in	(Yes/ No)	specify the	any
		(Public				Cr)		purpose of
		issues/						for which
		Private						the funds
		placement)						were
I				5		7	8	utilized			10
											-

B. Statement ofdeviation/ variation in use oflssue proceeds:

Particulars	Remarks
Name oflisted entity	TVS Motor Company Limited
Mode of fund raising	Private Placement
Type ofinstrument
Non- Convertible Debentures
Date ofraising funds	14.03.2023
Amount raised	Rs. 125 er
Report filed for quarter ended	31st March 2023
ls there a deviation/ variation in use offunds raised?	No
Whether any approval is required to vary the objects ofthe issue stated	No
in the prospectus/ offer document?
Ifyes, details ofthe approval so required?	N.A.
Date ofapproval	N.A.
Explanation for the deviation/ variation	N.A.
Comments ofthe audit committee after review	N.A.
Comments of the auditors, ifany	N.A.

Objects for which funds have been raised and where there has been a deviation/ variation, in the following table:

Original object	Modified	Original	Modified	Funds	Amount of deviation/	Remarks,
	object, if	allocation	allocation, if	utilised	variation for the quarter	if any
	any		any		according to applicable
					object (in Rs. crore and in
		Rs. 125 er			%)	-
Re-financing of	Not	Not	Rs. 125 er	Not Applicable
long terms loans & Applicable		Applicable
o meet issue
related expense		I
and reimbursement
of Capex financed
from internal
accruals

Deviation could mean:

1. Deviation in the objects or purposes for which the funds have been raised.
   Deviation in the amount of funds actually utilized as against what was originally disclosed.
2. - -) -"'-�

Name of the signatory: Prof. Sir Ralf Dieter Speth

Designation: Chairman

Date: 4th May 2023