TVS Motor NCLT Sanctions Sundaram Auto Components Amalgamation

NCLT Chennai sanctioned amalgamation of wholly-owned subsidiary Sundaram Auto Components into TVS Motor Company effective 1 April 2025.
Scheme aims to simplify corporate structure, reduce compliance costs, and achieve operational efficiencies through consolidation.
No share consideration issued as transferor was wholly-owned; entire share capital stands cancelled upon effectiveness.
Scheme becomes effective upon filing certified order with ROC, dissolving Sundaram Auto Components without winding up.