VS Trust’s inter‑share transfers pushed its holding in TVS Holdings to 66.55%, giving it controlling influence over the group.
TVS Motor, a 50.26% subsidiary, now sits under the same dominant trust, raising questions about future governance.
Lakshmi Venu and Mallika Srinivasan have publicly denied any economic settlement, insisting the 2024 family MoU only covered brand use and non‑competition, not ownership.
The dispute highlights a gap between legal shareholding and actual control, potentially affecting investor confidence and capital allocation.
Analysts expect the group to outline a definitive succession plan before the next quarterly report, as the unresolved split could delay strategic initiatives.