TVS Supply Chain Solutions: NCLT Sanctions Amalgamation Scheme
TVS Supply Chain Solutions Limited announced that the National Company Law Tribunal (NCLT), Bengaluru Bench, has sanctioned the Scheme of Amalgamation. This sanction pertains specifically to SPC International (India) Private Limited, the fourth transferor company, with TVS Supply Chain Solutions Limited as the transferee company. The scheme also involves Mahogany Logistics Services Private Limited, TVS SCS Global Freight Solutions Limited, White Data Systems India Private Limited, and Flexol Packaging (India) Limited. The amalgamation will become effective upon filing certified copies of the NCLT orders from both the Chennai and Bengaluru benches with the Registrar of Companies. The appointed date for the scheme is set as April 1, 2025.
Key Highlights
- NCLT Bengaluru sanctions amalgamation scheme for SPC International.
- Scheme involves multiple transferor companies merging into TVS Supply Chain.
- Amalgamation effective upon filing certified NCLT orders.
- Appointed date for the scheme is April 1, 2025.
- This is a significant step towards corporate restructuring.
Price Impact
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