TVS Electronics Limited has issued a formal postal ballot notice to shareholders following its board resolution dated March 21, 2026, seeking approval for critical corporate governance changes post-merger with TVS Investments Private Limited. The company has notified stock exchanges and initiated the e-voting process for two key resolutions requiring shareholder consent.

Postal Ballot Process and Timeline

The company has formally communicated to BSE Limited and National Stock Exchange of India Limited about the postal ballot process through an official notice dated March 24, 2026. The postal ballot will be conducted exclusively through remote e-voting in compliance with Ministry of Corporate Affairs circulars and applicable regulations.

Resolution Items for Shareholder Approval

The postal ballot addresses two critical items requiring shareholder consent following the completion of the merger with TVS Investments Private Limited, which was sanctioned by the National Company Law Tribunal, Chennai Bench on November 27, 2025.

Special Resolution - Articles of Association Amendment

The first item seeks approval for alteration of the company's Articles of Association to update the promoter name from Sundaram Investment Limited (now known as TVS Investments Private Limited) to Mr. Gopal Srinivasan. The resolution also proposes granting existing special rights to Mr. Gopal Srinivasan as the continuing promoter.

The amendments are necessary as TVS Investments Private Limited has ceased to exist following the merger, while Mr. Gopal Srinivasan continues as the sole promoter holding 59.71% of the company's equity share capital.

Ordinary Resolution - Charitable Contributions

The second item in the postal ballot seeks approval for contributions to bona fide charitable and other funds. The resolution proposes authorization for the Board of Directors to contribute up to the limits prescribed under Section 181 of the Companies Act 2013 or ₹25,00,000, whichever is higher, in any financial year.

E-voting Process and Compliance

The company has engaged National Securities Depository Limited (NSDL) to provide e-voting facility to shareholders. In compliance with MCA circulars, the notice is being sent only to members who have registered their email addresses with the company or depositories as on the cut-off date of March 20, 2026.

Shareholders holding securities in demat mode with NSDL or CDSL can vote through their existing login credentials, while those holding physical shares will use their folio number combined with the EVEN number. The company has appointed Mr. G Karthikeyan, Practising Company Secretary, as the scrutinizer to ensure fair and transparent conduct of the postal ballot process.

Regulatory Compliance and Documentation

The postal ballot notice has been issued in compliance with Section 110 of the Companies Act 2013, SEBI Listing Regulations, and relevant MCA circulars. The company has made the draft altered Articles of Association available on its website for shareholder review. All material documents related to the resolutions are available for inspection at the registered office during working hours until April 23, 2026.

The resolutions, if passed by requisite majority, will be deemed to have been passed on April 23, 2026. The results will be declared on or before April 27, 2026, and communicated to stock exchanges and displayed on the company's website and NSDL platform.

TVS Electronics Limited has announced strong financial results for Q3 FY26, demonstrating significant improvement in operational performance and profitability metrics. The Chennai-based electronics manufacturer and service provider reported robust revenue growth across its key business segments.

Financial Performance Highlights

The company delivered impressive financial results for the quarter ended December 31, 2025, with substantial improvements in key performance indicators.

The revenue growth of 13.6% year-on-year to INR 1,136 Mn reflects the company's strong market position and effective execution of its business strategy. EBITDA margins showed remarkable improvement, expanding by 262 basis points to 5.72%, primarily driven by reduction in other expenses and material costs.

Segment-wise Performance Analysis

TVS Electronics operates through two primary business verticals, both contributing to the overall growth momentum.

Products & Solutions Group Performance

The Products & Solutions Group emerged as the key growth driver, generating revenue of INR 826 Mn in Q3 FY26, representing a substantial 19.7% increase compared to the same quarter in the previous year. This growth was attributed to higher volumes of existing products and the introduction of new products and solutions offerings. The segment continues to benefit from the company's focus on point-of-transaction products and track-and-trace solutions.

Customer Support Services Segment

The Customer Support Services vertical maintained steady performance with revenue of INR 310 Mn in Q3 FY26, remaining flat compared to the previous year quarter. However, for the nine-month period, this segment demonstrated resilience with 9.0% year-on-year growth, primarily driven by increased volumes in Infrastructure Managed Services (IMS) offerings, supported by deployments through the TVSE AIKYA platform.

Nine-Month Performance Overview

For the nine-month period ending December 31, 2025, TVS Electronics achieved consolidated revenue of INR 3,378 Mn, marking a 6.9% increase compared to INR 3,159 Mn in the corresponding period of the previous year.

The company's EBITDA for the nine-month period reached INR 126 Mn, representing a significant 41.6% improvement over the previous year, with margins expanding by 91 basis points to 3.73%.

Strategic Business Focus

TVS Electronics continues to strengthen its position as a comprehensive solution provider in the electronics manufacturing and services sector. The company operates through a robust infrastructure including 970+ employees, 5 branch offices, 14 warehouses, and an extensive network of 740+ authorized service partners. The company's 70,000 sq. ft ESD compliant factory in Tumakuru, Karnataka, operates with Industry 4.0 standards and features automated SMT lines, supporting its manufacturing capabilities and Make in India initiatives.