TVS Electronics Limited Completes Amalgamation, Gopal Srinivasan Becomes Sole Promoter

TVS Electronics Limited Completes Amalgamation, Gopal Srinivasan Becomes Sole Promoter​

TVS Electronics Limited announced the completion of the amalgamation with TVS Investments Private Limited (TVSI) on March 22, 2026, following a scheme sanctioned by the National Company Law Tribunal, Chennai Bench, on November 27, 2025. As a result of the merger, TVSI, previously the Promoter, has ceased to be the Promoter of the company, and Gopal Srinivasan is now the sole Promoter.

Shareholders of TVSI received equity shares in TVS Electronics Limited as per the scheme, and the necessary approvals for listing and trading have been secured from the stock exchanges. Following the allotment, Gopal Srinivasan holds 59.71% of the company's equity share capital.

The Board of Directors, through a circular resolution, approved alterations to the Articles of Association and the transfer of existing special rights previously held by the Promoter to Gopal Srinivasan. These rights, as outlined in the Articles of Association, include the authority to designate up to two Nominated Directors and remove them, designate a Managing Director from among the Nominated Directors and remove them, and designate a Chairman and remove them. Shareholder approval for this alteration is pending.

Furthermore, the company will seek shareholder approval via postal ballot for two key items: alteration of the Articles of Association and transfer of Promoter rights to Gopal Srinivasan, and approval for contributions to charitable and other funds exceeding limits stipulated under the Companies Act 2013. The record date for shareholder eligibility to vote is March 20, 2026.

TVS Electronics Limited's stock is traded on the BSE under the symbol TVSELECT and the scrip code 532513. K Santosh, Company Secretary, provided the information.

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