TVS Holdings Limited has informed the Exchange about proceedings of the meeting of the Equity Shareholders of TVS Holdings Limited convened on Friday, 24th April, 2026 pursuant to the Order of Hon ble National Company Law Tribunal, Chennai Bench
TVSHLTD · price
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TVS Holdings held a meeting of its equity shareholders on 24th April 2026 via video conferencing, convened as per an NCLT Chennai Bench order dated 18th March 2026. The sole agenda was to consider and approve a Scheme of Arrangement between TVS Holdings Limited and its shareholders, under Sections 230-232 of the Companies Act, 2013. The meeting, chaired by Ms Deepika Kumari, was attended by Directors K Gopala Desikan and Anuj Shah, and concluded in just 22 minutes (11:00 AM to 11:22 AM). All shareholder speakers who registered to speak supported the proposed scheme. Remote e-voting was held from 21-23 April 2026, with voting results and the scrutinizer's report to be filed separately, and results to be declared on or before 27th April 2026.
The shareholder meeting appears to be a procedural step toward getting the Scheme of Arrangement approved. The unanimous support from speaking shareholders is a positive sign, but the actual voting outcome (which will determine the scheme's fate) is still pending. Shareholders should wait for the e-voting results by 27th April 2026 to gauge the real level of approval and any potential impact on share structure or value.