TVS Supply Chain Solutions Limited (NSE: TVSSCS) has received a ‘No Objection’ letter from the National Stock Exchange of India (NSE) regarding its proposed scheme of amalgamation involving five subsidiaries. The merger plan, which includes Mahogany Logistics Services, TVS SCS Global Freight Solutions, White Date Systems, SPC International (India), and FLEXOL Packaging (India), aims to streamline operations and enhance business synergies.
The approval follows the company’s board decision on February 5, 2024, and the proposal remains subject to further statutory and regulatory clearances, including the National Company Law Tribunal (NCLT) and approval from shareholders and creditors.
As per SEBI’s directives, TVS Supply Chain Solutions must ensure compliance with multiple disclosure and regulatory requirements, including transparency about financial statements, liabilities, and ongoing adjudication matters. The company is also required to publish the No-Objection letter on its website within 24 hours.
The validity of NSE’s observation letter stands for six months from February 28, 2025, during which the company must file the scheme with NCLT. Further updates on the regulatory progress will follow as TVS SCS advances with the amalgamation process.
