Details of voting results of the meeting of Unsecured Creditors of TVS Motor Company Limited ( Company ) convened on Saturday, 12th April 2025 pursuant to the order of Hon ble National Company Law Tribunal, Chennai Bench
TVSMOTOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TVS Motor Company held a meeting of Unsecured Creditors on 12th April 2025, convened under the orders of the NCLT Chennai Bench, to vote on a Scheme of Arrangement between the company and its shareholders under Sections 230-232 of the Companies Act, 2013. Out of 2,008 eligible unsecured creditors, 129 voted, representing 6.42% by count and 56.06% by debt value. All 129 creditors voted in favour of the resolution, with no votes against or invalid votes cast. The total debt value of votes cast in favour was approximately ₹4,119.48 crores. This follows the NCLT order dated 21st February 2025 and an earlier company letter dated 5th March 2025.
This is a procedural milestone in the NCLT-driven approval process for the company's Scheme of Arrangement with its shareholders. Unsecured creditors have unanimously supported the scheme by value, which strengthens its progression toward final NCLT sanction. Shareholders should view this as a positive procedural step, though the scheme still requires final NCLT approval and any other regulatory clearances before taking effect.