Tvs Supply Chain Solutions Limited has informed the Exchange regarding Proceedings of Court Convened General Meeting held on July 30, 2025
TVSSCS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TVS Supply Chain Solutions Limited held an NCLT-convened meeting of equity shareholders on July 30, 2025, as directed by the NCLT Chennai Bench order dated May 30, 2025, to approve a Scheme of Amalgamation. Five entities — Mahogany Logistics Services (formerly DRSR Logistics), TVS SCS Global Freight Solutions, White Data Systems India, SPC International (India), and FLEXOL Packaging (India) — will be merged into TVS Supply Chain Solutions. Of the 441,176,027 total shares outstanding, 331,432,488 shares (75.13%) were polled, and 99.9993% voted in favour with only 2,289 shares against (0.0007%). Promoters voted 100% in favour, while public non-institutions showed 99.9982% support. The scheme had already received observation letters from BSE (Jan 1, 2025) and NSE (Feb 28, 2025).
Shareholders have overwhelmingly approved the consolidation of five subsidiaries/group entities into the listed company, which is expected to simplify the group structure. The merger still requires final NCLT sanction before becoming effective. With near-unanimous approval and no significant dissent, the scheme is likely to proceed smoothly toward implementation.