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TVSELECT - TVS Elec.

📊 NSE: TVSELECT 🏢 Computers - Hardware 📅 Last Updated: 12/14/2025 14:35

📢 Recent Corporate Announcements

TVS Electronics Shareholders Approve Special Rights for Promoter and Charitable Contributions

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 24 Apr 2026, 04:21 PM

TVS Electronics Limited has successfully passed two resolutions via postal ballot with overwhelming shareholder support. A special resolution to alter the Articles of Association and grant existing special rights to Promoter Mr. Gopal Srinivasan received 99.997% approval. Additionally, an ordinary resolution to contribute to bona fide charitable and other funds was approved with 99.989% of the votes. The voting process saw participation of approximately 1.12 crore shares out of a total paid-up capital of 1.86 crore shares.

Special resolution for promoter special rights passed with 99.997% majority (1,12,32,169 votes in favor).
Ordinary resolution for charitable fund contributions approved with 99.989% majority.
Total valid votes cast represented approximately 60.23% of the total outstanding shares.
The company's paid-up equity capital consists of 1,86,50,318 shares of Rs. 10 each.
Voting was conducted entirely through remote e-voting between March 25 and April 23, 2026.

💡 No immediate action is required as these are standard governance and administrative approvals. The high approval rating indicates strong shareholder confidence in the current management and promoter group.

TVS Electronics Announces Trading Window Closure from April 1 for Q4 and FY26 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Mar 2026, 12:56 PM

TVS Electronics Limited has informed the exchanges that its trading window for dealing in company securities will be closed starting April 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of audited financial results. The closure applies to the quarter and full financial year ending March 31, 2026. The window will reopen 48 hours after the financial results are made public.

Trading window closure effective from April 1, 2026.
Closure is in relation to audited financial results for the quarter and year ended March 31, 2026.
Window to remain closed until 48 hours after the results declaration.
Board meeting date for result approval to be announced at a later date.

💡 This is a routine regulatory announcement with no impact on company fundamentals; investors should monitor for the upcoming board meeting date to track earnings performance.

TVS Electronics Proposes AoA Changes to Grant Special Rights to Promoter Gopal Srinivasan

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 24 Mar 2026, 04:39 PM

TVS Electronics has issued a postal ballot notice to amend its Articles of Association (AoA) following the amalgamation of TVS Investments Private Limited. The primary resolution seeks to transfer existing special promoter rights to Mr. Gopal Srinivasan personally, including the power to nominate two directors and designate the Managing Director and Chairman. These rights are contingent on the promoter group maintaining at least a 26% stake in the company's paid-up equity. Additionally, the company is seeking shareholder approval for contributions to bona fide charitable and other funds.

Proposed amendment to Articles 111, 140, and 148 to formalize Mr. Gopal Srinivasan's control as the primary promoter.
Promoter retains the right to nominate 2 non-rotational directors as long as equity holding is at least 26%.
Promoter granted specific authority to designate and remove the Managing Director and the Chairman of the Board.
Remote e-voting period scheduled from March 25, 2026, to April 23, 2026, with results expected by April 27, 2026.
Resolution includes a proposal for contributions to charitable and community development funds under Section 181.

💡 Investors should review the proposed governance changes to ensure they are comfortable with the concentration of power in an individual promoter. Shareholders eligible as of the March 20, 2026, cut-off date should participate in the e-voting process to voice their stance on these special resolutions.

TVS Electronics to Transfer Special Promoter Rights to Mr. Gopal Srinivasan; Holds 59.71% Stake

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 21 Mar 2026, 06:48 PM

Following the merger of TVS Investments Private Limited into TVS Electronics, Mr. Gopal Srinivasan has emerged as the sole promoter with a 59.71% equity stake. The Board has approved amending the Articles of Association to transfer specific governance rights, previously held by the corporate entity, directly to Mr. Srinivasan. These rights include the power to nominate two directors, the Managing Director, and the Chairman of the Board. Shareholders will now vote on these amendments and a proposal for charitable contributions via a postal ballot.

Mr. Gopal Srinivasan now holds a 59.71% stake in the company following the merger of TVS Investments.
Proposed AOA amendments grant Mr. Srinivasan the right to nominate up to two Directors and the Managing Director.
The promoter will also have the specific right to designate any director as the Chairman of the Board.
A postal ballot is initiated to seek shareholder approval for these governance changes and charitable contributions.
The underlying merger was previously sanctioned by the NCLT Chennai on November 27, 2025.

💡 Investors should note the consolidation of promoter power under Mr. Gopal Srinivasan following the merger. While this provides leadership stability, shareholders should monitor the postal ballot results to ensure continued governance transparency.

TVS Electronics Amends AOA to Transfer Promoter Rights; Gopal Srinivasan Holds 59.71% Stake

🟡 NEUTRAL ⭐ 7/10

REGULATORY 📅 21 Mar 2026, 06:44 PM

Following the merger of TVS Investments Private Limited into TVS Electronics, Mr. Gopal Srinivasan has emerged as the sole promoter with a 59.71% equity stake. The company is now seeking shareholder approval via postal ballot to amend its Articles of Association (AOA) to transfer specific governance rights to Mr. Srinivasan. These rights include the power to nominate up to two directors, the Managing Director, and the Chairman of the Board. The move formalizes the leadership structure post-amalgamation as sanctioned by the NCLT.

Mr. Gopal Srinivasan becomes the sole promoter holding 59.71% of the equity share capital post-merger.
Proposed AOA amendment transfers the right to nominate 2 directors and the Chairman to Mr. Gopal Srinivasan.
The merger with TVS Investments Pvt Ltd was previously sanctioned by NCLT Chennai on November 27, 2025.
Postal ballot initiated for shareholder approval with a voting eligibility cut-off date of March 20, 2026.
Company seeks approval for charitable contributions exceeding limits prescribed under Section 181 of the Companies Act.

💡 This is a procedural consolidation of management control following a corporate restructuring; investors should monitor the postal ballot outcome for confirmation of these governance changes.

TVS Electronics Q3 FY26 Revenue Rises 13.6% YoY to ₹1,136 Mn; Returns to Quarterly Profit

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 26 Feb 2026, 06:21 PM

TVS Electronics reported a 13.6% YoY revenue growth in Q3 FY26, reaching ₹1,136 million, primarily driven by a 19.7% surge in the Product & Solutions Group. The company achieved a quarterly turnaround with a PAT of ₹4 million, compared to a loss of ₹7 million in Q3 FY25. EBITDA margins expanded significantly by 262 basis points YoY to 5.72%, supported by reduced material costs and lower expenses. While the nine-month (9M) period still reflects a net loss of ₹16 million, it is a notable improvement from the ₹32 million loss recorded in the same period last year.

Q3 FY26 Revenue grew 13.6% YoY to ₹1,136 Mn, led by the Product & Solutions segment contributing ₹826 Mn.
EBITDA for the quarter rose to ₹65 Mn from ₹31 Mn in the previous year, with margins improving to 5.72%.
Net Profit (PAT) turned positive at ₹4 Mn for Q3 FY26 against a loss of ₹7 Mn in Q3 FY25.
9M FY26 net loss narrowed to ₹16 Mn from a loss of ₹32 Mn in 9M FY25, indicating a recovery trend.
The company reported an exceptional item of ₹7 Mn during the quarter related to the impact of the new labor code.

💡 Investors should note the positive shift in quarterly profitability and margin expansion, which suggests operational improvements. However, caution is advised as the company remains in a net loss position for the nine-month period; sustainability of this turnaround in upcoming quarters is key.

TVS Electronics Q3 Results: Revenue Up 13.6% YoY to ₹113.6 Cr, Returns to Profitability

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Feb 2026, 06:32 PM

TVS Electronics reported a return to profitability in Q3 FY26, posting a Net Profit of ₹41 Lakhs compared to a loss of ₹65 Lakhs in the same period last year. Revenue from operations grew 13.6% YoY to ₹11,359 Lakhs, primarily driven by the Products & Solutions segment. However, the Customer Support Services segment remains a drag, reporting a loss of ₹262 Lakhs. The company also completed the amalgamation of TVS Investments Private Limited during this quarter.

Revenue from operations increased 13.6% YoY to ₹11,359 Lakhs from ₹10,000 Lakhs.
Net Profit turned positive at ₹41 Lakhs vs a loss of ₹65 Lakhs in Q3 FY25.
Products & Solutions segment profit grew significantly to ₹433 Lakhs from ₹262 Lakhs YoY.
Exceptional item of ₹74 Lakhs recognized due to statutory impact of new Labour Codes.
Amalgamation of TVS Investments Private Limited with the company became effective on December 19, 2025.

💡 Investors should focus on the strong performance of the Products & Solutions segment while monitoring the persistent losses in the Customer Support division. The return to YoY profitability is a positive sign, but sequential margins remain thin.

TVS Electronics Submits SEBI DP Regulation 74(5) Compliance Certificate for Q3 FY2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Jan 2026, 05:38 PM

TVS Electronics Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by Integrated Registry Management Services Private Limited, confirms the processing of dematerialization requests for the quarter ended December 31, 2025. This filing ensures that share certificates received were duly cancelled and the names of depositories were updated in the company's records. As a routine administrative disclosure, it confirms the company's adherence to standard regulatory procedures regarding shareholding maintenance.

Compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Covers the reporting period for the quarter ended December 31, 2025
Certificate issued by Registrar and Share Transfer Agent (RTA), Integrated Registry Management Services Private Limited
Confirms that security certificates received for dematerialization have been mutilated and cancelled

💡 No action is required from investors as this is a routine regulatory filing. Investors should continue to monitor the company's upcoming quarterly financial results for fundamental performance indicators.

TVS Electronics Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Dec 2025, 11:34 PM

TVS Electronics Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter ending December 31, 2025. The window will remain closed until 48 hours after the declaration of the unaudited financial results. The specific date for the board meeting to approve these results will be communicated at a later date.

Trading window closure commences on January 1, 2026.
Closure pertains to the financial results for the quarter ending December 31, 2025.
Window will reopen 48 hours after the official announcement of financial results.
Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 This is a routine regulatory announcement with no direct impact on stock valuation. Investors should wait for the announcement of the board meeting date to assess the company's quarterly performance.

TVS Electronics Allots 1.11 Crore Shares to Promoters Following Amalgamation Scheme

🟡 NEUTRAL ⭐ 6/10

M&A 📅 24 Dec 2025, 02:31 PM

TVS Electronics has completed the allotment of 1,11,60,093 equity shares to the shareholders of TVS Investments Private Limited as part of a court-sanctioned Scheme of Amalgamation. This restructuring involved the cancellation of an equal number of shares previously held by the transferor company, meaning there is no net dilution to the total equity base. The primary beneficiaries of this allotment are promoters Mr. Gopal Srinivasan and Mrs. Srilalitha Gopal. This move simplifies the promoter holding structure by transferring shares from a private holding entity directly to individual promoters.

Allotment of 1,11,60,093 fully paid-up equity shares to shareholders of TVS Investments Pvt Ltd
Cancellation of 1,11,60,093 existing shares held by the transferor company, resulting in zero net share capital change
Scheme sanctioned by the Hon’ble National Company Law Tribunal (NCLT), Chennai Bench on November 27, 2025
New shares allotted on December 23, 2025, to promoters Mr. Gopal Srinivasan and Mrs. Srilalitha Gopal
Disclosure filed under Regulation 10(6) of SEBI (SAST) Regulations for exemption from open offer requirements

💡 This is an internal promoter restructuring with no impact on the company's business operations or total share capital. Investors should treat this as a neutral administrative event.

TVS Electronics Allots 1.11 Crore Shares Following Merger with TVS Investments

🟡 NEUTRAL ⭐ 7/10

M&A 📅 23 Dec 2025, 03:45 PM

TVS Electronics has completed a key procedural step in its merger with TVS Investments Pvt Ltd (TVSIPL) by allotting 1,11,60,093 equity shares to TVSIPL's shareholders. This allotment follows the cancellation of an identical number of shares previously held by TVSIPL in the company. Importantly, there is no change in the total issued and paid-up equity share capital of TVS Electronics as a result of this transaction. The newly issued shares will rank pari-passu with existing shares and are set to be listed on both the BSE and NSE.

Cancellation of 1,11,60,093 fully paid-up equity shares of Rs 10 each held by the Transferor Company.
Allotment of 1,11,60,093 new equity shares to the shareholders of TVS Investments Pvt Ltd.
Zero net increase in the total issued and paid-up equity share capital of the company.
Record date for the entitlement of shares was fixed as December 15, 2025.
New shares will be listed on BSE and NSE and rank equally with existing equity.

💡 This is a structural reorganization that simplifies the promoter holding and does not result in equity dilution. Investors should view this as a routine completion of merger formalities with no immediate impact on the company's fundamental valuation.

TVS Electronics Completes Merger with TVS Investments; Scheme Effective from Dec 19, 2025

🟢 POSITIVE ⭐ 8/10

M&A 📅 19 Dec 2025, 03:25 PM

TVS Electronics Limited has announced that its Scheme of Amalgamation with TVS Investments Private Limited has become effective as of December 19, 2025. This follows the filing of the NCLT order with the Registrar of Companies after all conditions were met. The merger carries a retrospective 'Appointed Date' of April 1, 2023. This restructuring is expected to simplify the group's corporate structure and consolidate holdings.

Scheme of Amalgamation between TVS Investments Pvt Ltd and TVS Electronics Ltd is now fully effective.
The official effective date is December 19, 2025, following the ROC filing of e-Form INC-28.
The retrospective Appointed Date for the merger is set as the closing business hours of April 1, 2023.
The Hon'ble National Company Law Tribunal (NCLT) sanctioned the scheme on November 27, 2025.

💡 Investors should view this as a positive step toward corporate simplification. Monitor upcoming disclosures regarding any changes in the promoter shareholding pattern resulting from the merger.

TVSELECT: Litigation Update - No Demand Raised After Review

🟢 POSITIVE ⭐ 6/10

LEGAL 📅 13 Dec 2025, 01:02 PM

TVS Electronics Limited (TVSELECT) announced an update on a material pending litigation with the Uttar Pradesh Goods & Services Tax Department. The department had issued a show cause notice demanding ₹25.65 Cr for the financial year 2021-22 related to Input Tax Credit (ITC). However, after reviewing the company's submitted documents, the department vacated the show cause notice, resulting in no actual demand. This resolves a potential financial risk for the company.

Initial demand from Uttar Pradesh GST Department: ₹25.65 Cr
Penalty included in initial demand: ₹2.33 Cr
Actual demand after review: NIL
Show Cause Notice issued under u/s 73(1) of CGST/UPGST Act 2017

💡 Investors can view this update positively as it removes a potential financial liability. Monitor future regulatory filings for any further developments.

TVSELECT: Record date fixed for Scheme of Amalgamation - December 15, 2025

🟡 NEUTRAL ⭐ 7/10

M&A 📅 11 Dec 2025, 05:17 PM

TVS Electronics Ltd. announced the record date as December 15, 2025, for the Scheme of Amalgamation between TVS Investments Pvt Ltd. and TVS Electronics Ltd. Shareholders of the Transferor Company will be issued new shares of TVS Electronics as per the scheme. The Appointed Date for the scheme is the closing business hours of April 01, 2023. The Effective Date depends on fulfilling conditions in clause 21 and filing the NCLT order dated November 27, 2025.

Record date is December 15, 2025
Appointed Date is April 01, 2023
NCLT order dated November 27, 2025
Scheme of Amalgamation between TVS Investments Pvt Ltd. and TVS Electronics Ltd.

💡 Shareholders of TVS Investments Pvt Ltd. should note the record date of December 15, 2025, to be eligible for new shares of TVS Electronics. Monitor for the announcement of the Effective Date of the scheme.

TVSELECT: Litigation Update - GST Demand Vacated

🟢 POSITIVE ⭐ 5/10

LEGAL 📅 06 Dec 2025, 11:14 AM

TVS Electronics Limited (TVSELECT) announced an update regarding a litigation with the Uttarakhand Goods & Services Tax Department. The dispute arose from a Show Cause Notice u/s 73(1) of CGST/Uttarakhand GST Act 2017 concerning Credit Notes for the financial year 2021-22, with an initial demand of ₹25.6 Lakh (including interest & penalty of ₹12.9 Lakh). However, after the company submitted supporting documents, the department vacated the Show Cause Notice, resulting in NIL actual demand. This resolves a potential financial risk for the company.

Initial demand from Uttarakhand GST Department: ₹25.6 Lakh
Penalty included in initial demand: ₹12.9 Lakh
Actual demand after review: NIL
Show Cause Notice issued under section 73(1) of CGST/Uttarakhand GST Act 2017

💡 Investors can view this update positively as it removes a potential liability. Monitor future regulatory filings for any further developments.

View All TVSELECT Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

In Q2 FY26, the Product & Solutions Group (PSG) grew 27.2% YoY to INR 93 Cr, while Customer Support Services (CSS) grew 9.5% YoY to INR 34.5 Cr. Total consolidated revenue for Q2 FY26 was INR 127.5 Cr, a 21.9% increase YoY.

Geographic Revenue Split

As of FY25, the geographic contribution was led by South India at 37%, followed by West India at 23%, North India at 21%, and East India at 19%.

Profitability Margins

Q2 FY26 PAT margin stood at 1.25% (INR 1.6 Cr), a significant recovery from a negative margin of 1.24% (INR -1.3 Cr) in Q2 FY25. However, H1 FY26 remains at a net loss of INR 2 Cr with a PAT margin of -0.89%.

EBITDA Margin

EBITDA margin for Q2 FY26 was 3.76% (INR 4.8 Cr), improving by 127 bps YoY from 2.49% (INR 2.6 Cr). The improvement is attributed to operating leverage as revenue scaled against fixed costs.

Capital Expenditure

The company invested INR 15 Cr to establish a new Electronic Manufacturing Services (EMS) line. Future CAPEX will be demand-driven based on business requirements.

Credit Rating & Borrowing

The company maintains a BWR A/Stable (Long Term) and BWR A1 (Short Term) rating. Total rated bank facilities amount to INR 67 Cr, including INR 46 Cr in long-term and INR 21 Cr in short-term facilities.

⚙️ Operational Drivers

Raw Materials

Specific raw material names like copper or plastics are not listed, but the cost of materials consumed and purchase of stock-in-trade represents the bulk of the INR 122.7 Cr total expenses in Q2 FY26.

Key Suppliers

Not disclosed in available documents; however, the company operates under NDAs with several Electronic Manufacturing Services (EMS) customers.

Capacity Expansion

The Tumakuru facility currently operates on a single-shift basis. The company has the infrastructure to move to a three-shift operation, which would effectively triple current production capacity without additional major structural expansion.

Raw Material Costs

Total expenses grew 20.3% YoY to INR 122.7 Cr in Q2 FY26, closely tracking the 21.9% revenue growth, indicating stable procurement costs relative to sales.

Manufacturing Efficiency

Capacity utilization is currently at approximately 33% (one out of three possible shifts). Moving to full capacity is expected to significantly improve EBITDA margins through operating leverage.

📈 Strategic Growth

Expected Growth Rate

18%

Growth Strategy

Growth will be driven by scaling the EMS division (INR 15 Cr initial investment), expanding Solar O&M services (currently 2-3 GW range), and launching new products like TVS Aikya and TVS AIDC. The company is also targeting the manufacturing and logistics segments for its automation solutions.

Products & Services

Dot matrix printers, keyboards, mice, Touch POS systems, thermal printers, mobile phone/IT repair services, and Solar O&M services.

Brand Portfolio

TVS Electronics, TVS-E, TVS Aikya, TVS AIDC.

New Products/Services

New launches include TVS Aikya and TVS AIDC solutions. R&D investment is targeted at 2% to 3% of revenue to develop proprietary IT products.

Market Expansion

The company is expanding its focus from BFSI, Retail, and Government into the Manufacturing and Logistics sectors to drive volume growth in its Products and Solutions Group.

Market Share & Ranking

The company identifies as a market leader in Touch POS systems and Thermal printers in India.

Strategic Alliances

The company is undergoing a Composite Scheme of Arrangement to merge its holding company, TVS Investments Private Limited, into TVS Electronics to simplify the corporate structure.

🌍 External Factors

Industry Trends

The industry is shifting toward local electronics manufacturing (EMS) and renewable energy support services. TVS-E is positioning itself as an integrated hardware and software solution provider rather than just a peripheral seller.

Competitive Landscape

Competes with global and local IT peripheral brands and emerging EMS players in India.

Competitive Moat

The moat is built on a 3-decade brand heritage, a pan-India service network for CSS, and market leadership in niche categories like Dot Matrix printers and POS systems. Sustainability is driven by the 'Make in India' local value addition.

Macro Economic Sensitivity

The business is sensitive to 'Make in India' policy shifts and general economic activity in the retail and BFSI sectors which drive automation demand.

Consumer Behavior

Increased demand for transaction automation in retail and logistics is driving the shift toward Touch POS and thermal printing solutions.

⚖️ Regulatory & Governance

Industry Regulations

The company is subject to regulatory changes in electronics categories, specifically mentioned regarding its camera business portfolio. It must also comply with 'Make in India' value-addition norms for government tenders.

Taxation Policy Impact

The company reported a tax credit/benefit of INR 0.9 Cr in H1 FY26 due to overall losses.

⚠️ Risk Analysis

Key Uncertainties

Market fluctuations and the ability to maintain growth in the PSG segment (which saw a 27% spike in Q2) are primary uncertainties. Potential impact of 5-10% on margins if operating leverage does not materialize.

Geographic Concentration Risk

High concentration in South India (37% of revenue) makes the company vulnerable to regional economic downturns.

Third Party Dependencies

Dependency on global component suppliers for electronic manufacturing, although specific names are not disclosed.

Technology Obsolescence Risk

Risk of Dot Matrix and legacy peripherals being replaced by newer digital technologies; mitigated by R&D into POS and AIDC solutions.

Credit & Counterparty Risk

Trade receivables of INR 79.4 Cr represent a significant portion of current assets (approx 40%), requiring strict credit monitoring of retail and government clients.