TVS Electronics Limited successfully concluded its postal ballot process on 24th April 2026, with shareholders approving two critical corporate resolutions through remote e-voting. The company informed stock exchanges BSE and NSE about the voting results under Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resolutions Approved

Shareholders approved both resolutions presented in the postal ballot with substantial majorities:

Voting Participation Details

The postal ballot process witnessed significant participation across different shareholder categories. The total voting participation reached 60.227% of the company's outstanding shares.

Resolution 1 - Articles of Association Amendment

Resolution 2 - Charitable Contributions

Process Timeline and Compliance

The Board of Directors decided on 21st March 2026 to conduct the postal ballot process. The remote e-voting period extended from 25th March 2026 to 23rd April 2026, with the cut-off date set as 20th March 2026 for determining eligible voters.

G. Karthikeyan, Practicing Company Secretary, served as the scrutinizer for the postal ballot process. The company dispatched postal ballot notices to 39,008 members who had registered email addresses and published advertisements in Makkal Kural (Tamil) and Financial Express newspapers on 25th March 2026.

Share Capital Structure

The company's paid-up equity share capital as on the cut-off date comprised 1,86,50,318 equity shares of ₹10 each. This included 2,100 equity shares in the Unclaimed Suspense Account and 3,30,841 equity shares transferred to the IEPF Authority, on which voting rights were frozen.

Corporate Governance

The postal ballot process was conducted through NSDL's e-voting platform with Event Number 138923. Company Secretary K. Santosh signed the regulatory filings, ensuring compliance with statutory requirements. The voting results and scrutinizer's report will be made available on the company's website and notice board as per regulatory guidelines.

TVS Electronics Limited has informed the stock exchanges about the resignation of Mr. R Nageswar Rao from the position of Vice President & Chief Human Resources Officer (CHRO). The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding changes in senior management personnel.

Mr. Rao submitted his resignation letter dated 24 April 2026, citing the decision to pursue career opportunities outside the organization. The company has accepted his resignation, and his last working day was the close of business hours on 24 April 2026.

The resignation details were communicated to both BSE Limited and the National Stock Exchange of India Limited. TVS Electronics is listed on both exchanges with scrip code 532513 on BSE and symbol TVSELECT on NSE.

Resignation Details

In his resignation letter addressed to Mrs. Srilalitha Gopal, Managing Director of TVS Electronics Limited, Mr. Rao expressed gratitude for the support and learning received during his tenure. He stated that the decision was made after careful consideration, with a focus on long-term career growth and exploring new opportunities.

The company, headquartered in Chennai, maintains its registered office at Harita Towers, St. Mary's Road, Abhiramapuram. The disclosure was digitally signed by K Santosh, Company Secretary, on 24 April 2026.

Company Information