TVS Electronics Ltd

AGM access and governance update

• Notice of 31st AGM and FY2025-26 Annual Report accessible via provided web-link and QR code.
• AGM scheduled for Aug 8, 2026 at 10:00 IST via VC/OAVM.
• PDF of Annual Report hosted at the provided URL.
• Links available on NSDL, BSE and NSE websites for access.
• Reminder to update KYC and dematerialize physical holdings under SEBI circulars.
• Instructions to update email with company/RTA; ISR-1/ISR-2 forms required for physical holders.
• Nomination update required for physical holdings via SH-13 or ISR-3.

Financial snapshot

• Revenue from operations: ₹45,520 lakh (₹455.2 Cr) for FY26, up 6% YoY.
• EBITDA: ₹1,955 lakh; EBITDA margin 4.29%.
• PAT: ₹126 lakh; EPS: ₹0.67 (basic and diluted).
• Net worth: ₹9,595 lakh; total debt: ₹4,154 lakh; debt/equity 0.56.
• Net debt: ₹3,933 lakh; cash from operations: ₹5.67 Cr.
• Year-end cash & cash equivalents: ₹2.21 Cr; capex: ₹3.96 Cr.
• Dividends: no final dividend; TVSI paid interim ₹0.63 Cr.
• ROCE: 5.96%; ROE: 1.32%; Net profit margin: 0.28%.

Segment performance

• PSG revenue ₹316.41 Cr; CSS ₹138.79 Cr; total ₹455.20 Cr.
• PSG +3% YoY; CSS +13% YoY.
• PSG PAT ₹1.26 Cr; CSS PAT ₹-3.88 Cr; overall PAT ₹1.26 Cr.
• PSG PBT ₹14.73 Cr; CSS ₹-11.86 Cr.
• Segment assets: PSG ₹170.69 Cr; CSS ₹85.10 Cr; total ₹252.79 Cr.
• Segment liabilities: PSG ₹108.17 Cr; CSS ₹36.87 Cr; total ₹145.04 Cr.

Strategic & governance updates

• Scheme of amalgamation: TVS Investments Pvt Ltd merged with TVS Electronics; effective 19 Dec 2025; TVSI dissolved.
• Promoter: Gopal Srinivasan directly holds 59.71%.
• AOA amended; promoter rights continue as before.
• Independent Director Kamal Pant appointed 1 Jul 2025; Lakshminarayan and Farooqui ceased May 2025.
• Audit Committee chaired by Ms. Subhasri Sriram; five meetings in FY26.
• Statutory auditors Guru & Jana LLP converted to LLP; reappointed for 2026-27.
• MD to seek reappointment: Mrs. Srilalitha Gopal; registered office shifted June 1, 2026.

Capital structure & liquidity

• Equity capital: ₹18.65 Cr; 1,86,50,318 shares; promoter hold 59.71%.
• Total borrowings: ₹41.54 Cr (₹3.626 Cr current; ₹0.528 Cr long-term).
• Net debt to equity: 0.29; net debt ₹39.33 Cr.
• Current ratio: 1.18; capex: ₹3.96 Cr in FY26.
• Investments: total ₹8.34 Cr (₹0.121 Cr non-current; ₹7.13 Cr current).
• Dividend policy: no dividend for FY26; interim dividends by TVSI ₹0.63 Cr.

ESG & sustainability

• 556 MWh renewable energy generated in FY26; 400 kW solar at Tumakuru; 72% plant energy from solar.
• Green Energy: 810 MW solar assets; 3 GW managed solar across sites; 2.6 GW O&M portfolio.
• EV charging: 100+ EV chargers deployed; nationwide service footprint across 19,250+ pin codes.
• TVSE Aikya AI Ops platform; MES-enabled manufacturing; integrated ESG-focused initiatives.
• E-waste: compliant; 30% recycled material in keyboards.

Risks & outlook

• Import risk due to external supplier dependence; mitigated by backward integration and Make in India.
• Raw material price volatility; addressed via cost efficiencies and supplier diversification.
• Cybersecurity and data protection risk; mitigated by multi-layer security and XDR.
• Geopolitical and macro risks; AI-driven productivity gains expected to offset some external pressures.
• India’s growth backdrop remains supportive; 2026-27 GDP projected around 7%; manufacturing policy favorable.

AGM Details

• AGM date/time: August 8, 2026 at 10:00 AM IST.
• Mode: VC/OAVM.
• Voting cut-off date: August 1, 2026.
• Remote e-voting window: August 5–7, 2026.

Key Resolutions

• Ordinary: Adopt Audited Financial Statements for year ended March 31, 2026.
• Ordinary: Re-appoint Mrs. Srilalitha Gopal as Director and Managing Director.
• Ordinary: Ratify Cost Auditor remuneration for FY ending March 31, 2027.
• Special: Approve minimum MD remuneration for remaining tenure and authorize consents.

Dividend

• No dividend proposed or declared.

Auditors

• Cost Auditor remuneration approved: ₹1,50,000 plus taxes and actual expenses for FY2027.
• Statutory Auditors Guru & Jana LLP continue; no ratification required.

Related Party Transactions

• No material related-party transactions disclosed.

Parties to the MoU

• Parties: TVS Electronics Limited and an established cybersecurity solutions provider in India.

Purpose and scope

• Strategic alliance to jointly explore and pursue cybersecurity, cloud, AI, and related technology opportunities.
• May include technology integration, joint marketing, co-branded offerings, and tenders/RFP participation.

Key terms

• Non-exclusive, principal-to-principal MoU; no partnership or mandatory financial commitments.
• Separate definitive agreements will govern commercial terms, scope, investments, and revenue sharing.
• MoU valid for one year unless terminated earlier.
• Consideration: nil under MoU; any payments via future project-specific agreements.

Related party status

• No related party transaction; NA on related party interests.

Impact and benefits

• Expected to expand business opportunities and market reach.
• No guaranteed revenue or financial benefit solely from the MoU.

Other disclosures

• No explicit regulatory approvals; approvals to be obtained via definitive agreements.
• MoU is non-binding apart from framework; no board or management changes noted.

Termination/amendment

• MoU may be terminated earlier per terms; no amendments disclosed.

Regulatory compliance update

• Responded to BSE clarification on significant volume increase; no further information to be intimated.
• No pending information to be intimated under SEBI LODR Regulation 30; disclosures already made.