TVS Electronics board approves share allotment for amalgamation scheme

TVS Electronics Limited (TVSEL) announced on December 23, 2025, that its board of directors approved the cancellation of 11,160,093 fully paid-up equity shares of ₹10 each held by TVS Investments Pvt Ltd (TVSIPL), the transferor company. An equivalent number of new equity shares, also of ₹10 each, will be allotted to TVSIPL shareholders whose names appeared on the register of members as of the record date, December 15, 2025.

This allotment includes one equity share resulting from the aggregation of fractional entitlements, which will be held by a nominated trustee. The newly allotted shares will rank pari-passu with existing equity shares and will be listed on both BSE Limited and National Stock Exchange of India Limited.

The company confirmed that this process will not increase its issued and paid-up equity share capital, as the number of equity shares canceled under the scheme directly corresponds to the number of shares allotted to the transferor company's shareholders.