TVS Electronics: Shares Cancelled & Allotted Post Amalgamation Sanctioned by NCLT
TVS Electronics Limited has announced the cancellation and allotment of equity shares following the Scheme of Amalgamation between TVS Investments Private Limited and TVS Electronics Limited. The Hon'...
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Why is TVS Electronics Limited in the news today?
TVS Electronics Limited (TVSELECT) is in the news due to the announcement details a corporate action (amalgamation and share allotment) as per regulatory approval, which is a procedural event with no immediate positive or negative financial implications conveyed in the text.
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TVS Electronics: Shares Cancelled & Allotted Post Amalgamation Sanctioned by NCLT
December 24, 2025, 09:01 AM
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TVS Electronics Limited has announced the cancellation and allotment of equity shares following the Scheme of Amalgamation between TVS Investments Private Limited and TVS Electronics Limited. The Hon'ble National Company Law Tribunal, Chennai Bench, sanctioned the scheme on November 27, 2025.
As per the scheme, 1,11,60,093 fully paid-up equity shares held by TVS Investments Private Limited (Transferor Company) in TVS Electronics Limited (Transferee Company) have been cancelled. Subsequently, the same number of new fully paid-up equity shares of TVS Electronics Limited were allotted on December 23, 2025, to the shareholders of the Transferor Company.
The allotment was made in proportion to their respective shareholding in the Transferor Company as of the record date, which was December 15, 2025. The company has submitted a disclosure under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, received from Mr. Gopal Srinivasan and Mrs. Srilalitha Gopal.
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