India Nippon Electricals Limited - Updates

7 Jan 2022 , 12:00 AM

India Nippon Electricals Limited has informed the Exchange regarding We refer to the earlier disclosures dated December 10, 2020, January 27, 2021 and January 30, 2021 regarding the memorandum of family arrangement dated December 10, 2020 ( MFA ) executed between various members of the TVS family and the family arrangement. We further refer to our disclosure dated February 11, 2021 regarding filing of composite scheme of amalgamation and arrangement involving, inter alia, T.V. Sundram Iyengar & Sons Private Limited, Sundaram Industries Private Limited, Southern Roadways Private Limited and SB TVS Industrial Ventures Private Limited ( Scheme ) with the Honorable National Company Law Tribunal, Chennai Bench ( NCLT ), and disclosure dated December 10, 2021 regarding the receipt of the order approving the Scheme from the Honorable NCLT. Please find enclosed a letter dated 6th January 2022 received from Mr T K Balaji with a further update on the matter. .