TVS Holdings Limited shareholders have given overwhelming approval to the company's scheme of arrangement during a meeting convened pursuant to the National Company Law Tribunal (NCLT) order on April 24, 2026. The resolution received exceptional support with 99.9977% of votes cast in favour, demonstrating strong shareholder confidence in the proposed corporate restructuring.

Meeting Overview and Regulatory Framework

The equity shareholders' meeting was conducted through video conferencing in compliance with regulatory frameworks. The meeting was held pursuant to the NCLT Chennai Bench order dated March 18, 2026, in CA(CAA)/15(CHE)/2026, with Ms. Deepika Kumari serving as Chairperson.

Voting Results and Shareholder Response

The voting process demonstrated exceptional unity among shareholders across all categories. The comprehensive voting results reveal strong support for the scheme of arrangement under Sections 230-232 of the Companies Act, 2013:

Meeting Proceedings and Leadership

The meeting featured key leadership participation, with Mr. K Gopala Desikan, Director and Group Chief Financial Officer, and Mr. Anuj Shah, Independent Director, present to address shareholders. All registered speaker shareholders expressed support for the proposed scheme of arrangement during the proceedings.

E-Voting Process and Compliance

The voting process was conducted through the National Securities Depository Limited (NSDL) platform, ensuring transparency and accuracy. V. Sriram Ananth, Advocate at Madras High Court, served as the scrutinizer appointed by the NCLT Chennai Bench.

Regulatory Compliance and Next Steps

The company maintained full compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, submitting detailed proceedings to both BSE Limited and National Stock Exchange of India Limited. The voting results were declared by April 27, 2026, and made available on company, stock exchange, and NSDL websites.

The unanimous approval from promoter and institutional investor categories, combined with near-unanimous support from retail shareholders, reflects strong confidence in the company's strategic direction and the proposed scheme of arrangement requiring final NCLT approval.

TVS Holdings Limited has issued an important clarification to stock exchanges regarding the date of its National Company Law Tribunal (NCLT) convened meeting of equity shareholders. The company corrected an inadvertent error that appeared in its earlier communication to ensure accurate information dissemination.

Meeting Date Correction

In a letter dated April 10, 2026, TVS Holdings Limited addressed both BSE Limited and National Stock Exchange of India Ltd. to clarify a date discrepancy. The company explained that in its covering letter dated March 23, 2026, the meeting date was inadvertently mentioned as Friday, April 28, 2026, instead of the correct date of Friday, April 24, 2026.

Document Accuracy Confirmation

The company emphasized that despite the error in the covering letter, all other related documents correctly reflected the accurate meeting date of April 24, 2026. These documents included:

• The Notice of the meeting enclosed as annexure to the letter dated March 23, 2026
• The XBRL filings made with the Stock Exchanges
• The newspaper advertisements published by the Company

NCLT Background

The meeting of equity shareholders has been convened pursuant to directions from the Hon'ble National Company Law Tribunal, Chennai Bench, dated March 18, 2026. The company's clarification ensures that shareholders and stakeholders have the correct information regarding this important corporate proceeding.

Regulatory Compliance

TVS Holdings Limited has requested both stock exchanges to take the clarification on record and disseminate the corrected information on their respective websites. This step ensures proper regulatory compliance and transparent communication with all stakeholders. The clarification letter was signed by R Raja Prakash, Company Secretary, and digitally authenticated on April 10, 2026.