Engineering Excellence in Metal Forming and High-Quality CDW Tubes

Demerger - Resultant Structure Previous Structure Promoters 49% 51% Tube investments Financial Services Business Resultant Structure murugappa Public Promoters Public Promoters Public Manufacturing Business 49% 51% 49% 51% TI Financial Services Company TI Manufacturing Company Financial Services Business Manufacturing Business Financial Services Business Cholamandalam MS General Insurance Company Limited Cholamandalam MS Risk Services Limited Cholamandalam Investment and Finance Company Limited Manufacturing Business Engineering (Tubes and Strips) Cycles and Accessories Metal Formed Products Investments in • Shanthi Gears Limited TI Tsubamex Private Limited Financiere C10 . TI Absolute Concepts Private Ltd 18

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