TVS Supply Chain Solutions Limited (TVSSCS) announced that the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench, vide its order dated 30 May 2025 (received on 4 June 2025), has directed the company to convene meetings of its equity shareholders and unsecured creditors in relation to a Scheme of Amalgamation.

• The amalgamation scheme involves Mahogany Logistics Services Private Limited, TVS SCS Global Freight Solutions Limited, White Data Systems Private Limited, SPC International (India) Private Limited, and Flexol Packaging (India) Limited (Transferor Companies) with and into TVS Supply Chain Solutions Limited (Transferee Company).
• The NCLT has directed TVSSCS to separately convene the following meetings:
  • Equity Shareholders: To be held on Wednesday, 30 July 2025, at 11:00 AM (IST), via Video Conferencing (VC)/Other Audio Visual Means (OAVM). The quorum for this meeting is 30 members.
  • Unsecured Creditors: To be held on Wednesday, 30 July 2025, at 3:00 PM (IST), via Video Conferencing (VC)/Other Audio Visual Means (OAVM). The quorum for this meeting is 50 creditors.
• The NCLT dispensed with the requirement of convening meetings for the Equity Shareholders, Secured Creditors, and Unsecured Creditors of the Transferor Companies, as well as the Preference Shareholders and Secured Creditors of TVS Supply Chain Solutions Limited, due to 100% consent received from these classes or NIL status.
• The rationale behind the scheme includes:
  • Enabling product diversification and growth for the Transferee Company.
  • Facilitating business expansion for Transferor Companies by leveraging TVSSCS's customer base.
  • Widening service offerings to existing strategic customers.
  • Achieving consolidation, greater integration, and flexibility to maximize shareholder value and improve competitive position.
  • Improving organizational capability and leadership through pooling human capital.
  • Expecting cost savings from focused operational efforts, rationalization, and elimination of duplication.
  • Reducing multiplicity of entities and associated compliance costs.
  • Simplifying the holding structure of TVSSCS.
• The Appointed Date for the scheme is 1 April 2023. The delay in filing the application with NCLT beyond one year from the Appointed Date was justified by the time taken to obtain prior approvals from the Stock Exchanges (BSE approval received on 1 January 2025 and NSE approval on 28 February 2025).
• Shri. L.N. Gupta has been appointed as the Chairperson for the meetings with a fee of ₹2,00,000, and Shri. Raymond Albyness F has been appointed as the Scrutinizer with a fee of ₹1,00,000.
• Notices for the meetings must be sent to shareholders and creditors 30 days in advance, and advertisements will be published in the English daily "Business Standard (All India Edition)" and the Tamil vernacular daily "Makkal Kural (Tamil Nadu Edition)".