TVS Electronics Limited has provided an important update regarding the Scheme of Amalgamation between TVS Investments Private Limited ("TVSIPL") and TVS Electronics Limited ("TVSEL"). The company informed its stakeholders that the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench, issued an order on 23rd April 2025, confirming the scheduled hearing for the scheme of amalgamation. This hearing is set to take place on 28th May 2025, and it will play a critical role in the final approval process for the merger.

Details of the Amalgamation Scheme

The scheme of amalgamation involves the merger of TVSIPL (the Transferor Company) with TVSEL (the Transferee Company) along with their respective shareholders. This amalgamation is subject to regulatory approvals, and the company has been diligently following the necessary legal and corporate procedures to facilitate the smooth transition.

As part of this process, TVS Electronics had previously filed the Scrutiniser’s report after convening meetings for the shareholders and unsecured creditors on 4th April 2025. These meetings were an essential part of the process, where stakeholders could provide their views on the proposed amalgamation.

NCLT Order and Hearing Schedule

The order from NCLT, dated 23rd April 2025, is a significant step forward for the company in the approval of the scheme. With the hearing scheduled for 28th May 2025, all parties involved are anticipating the final determination of the merger’s progress. This hearing will be crucial in determining the next steps for the amalgamation process.

Company's Communication with Stakeholders

To ensure transparency and keep its stakeholders informed, TVS Electronics Limited has made this update available on its official website, under the Investor Relations section. The company continues to keep its investors updated about all developments related to this strategic move.

The update on the amalgamation scheme is an important milestone in TVS Electronics’ ongoing corporate restructuring and growth strategy, aiming to enhance operational efficiency, expand business prospects, and create value for its stakeholders.

Contact Information and Further Updates

For further updates, investors and stakeholders are encouraged to visit the company’s official website at https://www.tvs-e.in/investor-relations/ for any new information regarding the scheme of amalgamation.

About TVS Electronics Limited

TVS Electronics Limited is a well-established company in India, known for its diverse range of technology solutions, including point-of-sale (POS) terminals, barcode scanners, and other business solutions. With a strong foothold in the Indian market, the company is focused on expanding its product and service offerings to meet the needs of evolving business environments.

Conclusion The announcement by TVS Electronics regarding the NCLT hearing scheduled for 28th May 2025 marks an important step in the scheme of amalgamation between TVSIPL and TVSEL. As the company progresses through regulatory approval stages, investors and stakeholders are encouraged to stay informed and updated through the company’s official channels.

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