TVS Supply Chain Solutions has received final NCLT approval for the merger of SPC International (India) and four other subsidiaries. The restructuring is designed to streamline internal operations and consolidate group entities. As these are wholly-owned subsidiaries, no new shares will be issued to shareholders, and existing shares of the transferor companies will be extinguished.
TVS Supply Chain Solutions Receives Final NCLT Merger Approval
NCLT Bengaluru sanctions the merger of SPC International into TVS Supply Chain Solutions.
Consolidation follows previous approvals for four other subsidiaries by the NCLT Chennai Bench.
Reader Takeaway: The merger consolidates wholly-owned subsidiaries to improve operational efficiency with no impact on share dilution.
What just happened
The National Company Law Tribunal (NCLT) Bengaluru Bench has formally sanctioned the Scheme of Amalgamation of SPC International (India) Private Limited into TVS Supply Chain Solutions Limited. This follows the July 2026 approval from the NCLT Chennai Bench regarding the merger of Mahogany Logistics Services, TVS SCS Global Freight Solutions, White Data Systems, and Flexol Packaging. The consolidation is effective from an appointed date of April 1, 2025.
Why this matters
This move marks the final regulatory milestone for the company’s internal restructuring strategy. By merging these subsidiaries, the company aims to simplify its corporate structure and streamline service delivery across its logistics and supply chain business lines. For investors, this is a housekeeping measure that reduces the number of legal entities within the group.
What changes now
Following this order, the company must file the certified copies with the jurisdictional Registrar of Companies. Because all entities involved are already wholly-owned subsidiaries of TVS Supply Chain Solutions, the merger is a non-dilutive event. No new shares will be issued to the public, and the equity stakes held by the parent company in these subsidiaries will be cancelled as part of the statutory process.
Compliance and Undertakings
The company confirmed that all statutory obligations, including GST, PF, and TDS, remain in good standing. It also addressed outstanding MSME dues of Rs 0.33 crore, confirming they were settled within the statutory timelines. Furthermore, the company provided assurances regarding foreign exchange compliance under FEMA regulations and stated that employee service conditions remain unchanged.
Context metrics
SPC International (India) reported revenue from operations of Rs 24.13 crore for FY 2024-25, compared to Rs 22.42 crore in FY 2023-24, indicating stable operational performance prior to the merger.