TVS Electronics Limited has successfully resolved a significant tax litigation matter with the Uttar Pradesh Goods & Services Tax Department, with the show cause notice being vacated and no financial demand imposed on the company.

GST Show Cause Notice Details

The company had received a show cause notice from the Deputy Commissioner, State Tax, in Lucknow, Uttar Pradesh, under Section 73(1) of the CGST/UPGST Act 2017. The notice pertained to the financial year 2021-22 and involved allegations related to input tax credit claimed in excess and suppression of turnover.

Financial Implications and Resolution

The initial demand raised in the show cause notice amounted to ₹25.65 crores, which included a penalty component of ₹2.33 crores. However, the company maintained that this demand could be reduced upon submission of appropriate supporting documents.

Favorable Outcome

The resolution came after the GST Department conducted a thorough examination of the reply and supporting documents submitted by TVS Electronics Limited. Based on this comprehensive review, the authorities found the company's submissions satisfactory, leading to the vacation of the show cause notice.

TVS Electronics successfully resolved the ₹25.65 crore GST demand notice from UP tax authorities. The show cause notice has been vacated with no actual demand raised after document examination.

Regulatory Compliance

TVS Electronics Limited made this disclosure to both BSE Limited and National Stock Exchange of India Limited on December 13, 2025, fulfilling its regulatory obligations under Regulation 30 of the SEBI listing regulations. The company disclosed this information as part of its compliance with the amended SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which was notified on November 11, 2024. This disclosure pertains to material pending litigation details that listed companies are required to report to stock exchanges.

The successful resolution of this tax matter eliminates a potential financial liability and removes regulatory uncertainty for the company.

TVS Electronics Limited has announced crucial updates regarding its amalgamation scheme with TVS Investments Private Limited. The Board of Directors, in their meeting held on December 11, 2025, has fixed the record date and provided implementation timeline for the NCLT-sanctioned scheme.

Record Date and Share Allotment Details

The company's board has established key dates for the amalgamation process:

Amalgamation Scheme Framework

The National Company Law Tribunal (NCLT) Chennai has sanctioned the scheme of amalgamation between TVS Investments Private Limited (Transferor Company) and TVS Electronics Limited (Transferee Company). The NCLT order was passed on November 27, 2025.

Implementation Timeline

The effective date of the scheme will be determined when the last of the conditionalities specified in clause 21 of the scheme is fulfilled and upon filing of the certified copy of the NCLT order with the Registrar of Companies. TVS Electronics has committed to intimate the effective date to the stock exchanges in due course.

Financial Position

The company's recent financial metrics demonstrate its operational strength:

Regulatory Compliance

TVS Electronics maintains transparency by making the NCLT order available on both the NCLT website and the company's official website. This ensures stakeholders have access to all relevant information regarding the amalgamation process and its implementation.