TVS Supply Chain Solutions Limited has submitted the Exchange the Voting Results along with a copy of Scrutinizers Report of Court Convened Unsecured Creditors Meeting held on July 30,2025
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TVS Supply Chain Solutions has submitted the voting results and scrutinizer's report for the Court-convened meeting of Unsecured Creditors held on July 30, 2025, as directed by the NCLT Chennai Bench. The meeting considered a Scheme of Amalgamation under Sections 230-232 of the Companies Act, 2013, involving the merger of five companies — Mahogany Logistics Services, TVS SCS Global Freight Solutions, White Data Systems India, SPC International (India), and FLEXOL Packaging (India) — into TVS Supply Chain Solutions. Out of 1,280 unsecured creditors on record, 65 attended via video conferencing, and the resolution was passed with overwhelming approval: 88 creditors (99.997% by value) voted in favor, while only 1 creditor (0.003% by value) voted against. The scrutinizer has certified that the resolution has been passed with the requisite majority.
The scheme has cleared an important creditor-approval milestone and will now move forward for final NCLT sanction. Successful amalgamation is expected to consolidate TVS Supply Chain Solutions' logistics and related businesses, though shareholders should await the final NCLT order and any announced share-swap ratio for the full impact.