TVS Holdings Ltd: NCLT Sanctions Scheme of Arrangement with Shareholders

TVS Holdings Limited has received sanction from the Hon'ble National Company Law Tribunal, Chennai Bench, for its Scheme of Arrangement with its shareholders. The scheme, filed under Sections 230-232 of the Companies Act, 2013, aims to distribute surplus reserves to shareholders. The Tribunal's order was pronounced on August 18, 2026. The company will proceed with further steps to implement the scheme upon receiving the certified copy of the order. The rationale behind the scheme is to optimally utilize substantial accumulated surplus reserves that exceed the company's current and foreseeable business needs by rewarding its shareholders.