TVS Electronics logo

TVS Electronics MD, chairman, board of directors and AGM

NSE: TVSELECTBSE: 532513IT - HardwareSmall Cap

Last close ₹367.65down ₹7.70 (2.05%)BSE ₹367.95

Share price at the NSE close on 23 Oct 2026. Previous close ₹375.35.

52-week range of traded prices to 23 Oct 2026
₹336.20Low, 5 Mar 2026₹739.35High, 27 Oct 2025
Market cap
₹686 Cr1,605th largest listed
P/E
Lossover the last 12 months
P/B
7.1
Dividend yield
Nonein the last 12 months
ROE
−1.9%
ROE without one-offs
−1.1%
ROCE
0.1%
Debt to equity
0.43
Volume, NSE
31,09852.9% delivered

TVS Electronics board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonGopal SrinivasanRelated to the promoter
  • Managing directorSrilalitha Gopal
  • Company Secretary and Compliance OfficerK Santosh

7 directors4 independent1 executive2 non-executive

  • Gopal Srinivasan · ChairpersonNon-executive · joined Jul 2003 · reappointed Aug 2024 · 1 listed board
  • Srilalitha Gopal · Managing directorExecutive · joined Nov 2011 · reappointed Aug 2024 · 1 listed board · 1 committee seat
  • Rajagopalan Sundara RaghavanNon-executive · joined May 2016 · reappointed Aug 2025 · 1 listed board · 2 committee seats
  • Kavikkal BalakrishnanIndependent · joined Aug 2018 · reappointed Aug 2023 · 94 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Venkataramani SumantranIndependent · joined Aug 2018 · reappointed Aug 2023 · 94 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Subhasri SriramIndependent · joined Feb 2019 · reappointed Feb 2024 · 88 months as independent · 2 listed boards · 1 as independent · 3 committee seats, 1 as chair
  • Kamal PantIndependent · joined Jul 2025 · reappointed Jul 2025 · 12 months as independent · 1 listed board · 1 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Muthuswami Lakshminarayan, left 6 May 2025: Tenure Completion
  • Mohammed Fayazuddin Farooqui, left 6 May 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 22 May 20266 of 7 present3 independent · 98 days in between
    • 12 Feb 20266 of 7 present4 independent · 19 days in between
    • 23 Jan 20267 of 7 present4 independent
  • Audit Committee

    Chair Subhasri Sriram

    Kavikkal Balakrishnan, Venkataramani Sumantran, Rajagopalan Sundara Raghavan, Kamal Pant

    • 22 May 20264 of 5 present3 independent · 98 days in between
    • 12 Feb 20264 of 5 present4 independent · 19 days in between
    • 23 Jan 20265 of 5 present4 independent
  • Nomination and remuneration committee

    Chair Kavikkal Balakrishnan

    Subhasri Sriram, Rajagopalan Sundara Raghavan, Kamal Pant

    • 21 May 20264 of 4 present4 independent
  • Stakeholders Relationship Committee

    Chair Kavikkal Balakrishnan

    Srilalitha Gopal, Rajagopalan Sundara Raghavan

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Kamal Pant

    Rajagopalan Sundara Raghavan, Srilalitha Gopal

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Guru & Jana LLP, Chartered AccountantsPeer-review certificate valid to Oct 2026
2 earlier auditors
  • Guru & Jana Chartered AccountantsNamed in filings from Mar 2025 to Dec 2025
  • Guru & Jana Chatered AccountantsNamed in the filing for the quarter to Jun 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

TVS Electronics AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.TVS Electronics dividend history

Annual general meeting, 8 Aug 2026

41,425 shareholders on the register on 1 Aug 2026; present: 3 promoters and 56 others; votes counted by G. KARTHIKEYAN / Not Applicable.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statement for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and Auditor’s thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 60.04% · promoters 100.00% · institutions 0.16% · other public 0.67%

  2. Re-appointment of Mrs. Srilalitha Gopal (DIN: 02329790), who retires by rotation, as a Director.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 60.04% · promoters 100.00% · institutions 0.16% · other public 0.67%

  3. Ratification of the remuneration payable to Mr. P Raju Iyer, Practicing Cost Accountant (Mem No.6987), who was appointed as Cost Auditor for the financial year ending 31st March 2027
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 60.04% · promoters 100.00% · institutions 0.16% · other public 0.67%

  4. Approval for the payment of minimum remuneration to Mrs. Srilalitha Gopal (DIN: 02329790) Managing Director for remaining tenure of her appointment upto May 10, 2028
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 60.04% · promoters 100.00% · institutions 0.16% · other public 0.67%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Apr 2026, 2 resolutions

42,083 shareholders on the register on 20 Mar 2026; votes counted by G. KARTHIKEYAN / NOT APPLICABLE.The company's voting result (opens in a new tab)

  1. Approval for the Alteration of the Articles of Association of the Company and grant of existing special rights to Mr. Gopal Srinivasan, shareholder & Promoter of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.41%

    Turnout: all 60.23% · promoters 100.00% · institutions 12.77% · other public 1.12%

  2. Approval for the contribution to Bona fide Charitable and other Funds
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.49%

    Turnout: all 60.23% · promoters 100.00% · institutions 12.77% · other public 1.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 13 Aug 2025, 5 resolutions

40,163 shareholders on the register on 6 Aug 2025; present: 3 promoters and 58 others; votes counted by G. KARTHIKEYAN / Not Applicable.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statement for the financial year ended 31st March 2025, together with the Reports of the Board of Directors and Auditor’s thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.19% · promoters 100.00% · institutions 0.00% · other public 0.70%

  2. Re-appointment of Mr. R S Raghavan (DIN No: 00260912) who retires by rotation, as a Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 60.19% · promoters 100.00% · institutions 0.00% · other public 0.70%

  3. Ratification of the remuneration payable to Mr. P Raju Iyer, Practicing Cost Accountant (Mem No.6987), who was appointed as Cost Auditor for the financial year ending 31st March 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 60.19% · promoters 100.00% · institutions 0.00% · other public 0.70%

  4. Appointment of M/s. V Suresh Associates, Practicing Company Secretaries, (FRN P2016TN053700) as Secretarial Auditors for a term of 5 consecutive years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.19% · promoters 100.00% · institutions 0.00% · other public 0.70%

  5. Approval for the appointment of Mr. Kamal Pant (DIN: 09031864) as an Independent Director for a term of 5 consecutive years with effect from 01.7.2025 to 30.06.2030
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 60.19% · promoters 100.00% · institutions 0.00% · other public 0.70%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 4 Apr 2025, 1 resolution

1,057 shareholders on the register on 28 Mar 2025; present: 0 promoters and 36 others; votes counted by V SRIRAM ANANTH / V SRIRAM ANANTH.The company's voting result (opens in a new tab)

  1. Approve Scheme of Amalgamation between TVS Investments Private Limited with and into TVS Electronics Limited and their respective shareholders
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 37.48% · promoters 0.00% · institutions 0.00% · other public 37.48%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 10 Aug 2024, 5 resolutions

Present: 3 promoters and 46 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements for the year ended 31st March 2024, together with the reports of the Board of Directors and the Auditors' thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.25% · promoters 100.00% · institutions 0.00% · other public 0.86%

  2. Re-appointment of Mrs. Srilalitha Gopal (DIN: 02329790), who retires by rotation, as a Director.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.35%

    Turnout: all 60.25% · promoters 100.00% · institutions 0.00% · other public 0.86%

  3. Declaration of Dividend of Rs.1 per equity share, for the financial year ended 31st March 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.25% · promoters 100.00% · institutions 0.00% · other public 0.86%

  4. Ratification of the remuneration fixed by the Board of Directors as payable to Mr. P. Raju Iyer, Practising Cost Accountant (Membership No. 6987) as Cost Auditor for the financial year ending 31st March 2025.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.25% · promoters 100.00% · institutions 0.00% · other public 0.86%

  5. Approving the continuation of appointment of Mr. Gopal Srinivasan (DIN:00177699) as a Non-Executive and Non-Independent Director, in his current position as Chairman who is not subject to retirement by rotation, for a further period of 5 (five) consecutive years from 10th August 2024 to 9th August, 2029, during which period also he will not be liable to retire by rotation.MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.25% · promoters 100.00% · institutions 0.00% · other public 0.86%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 5 Aug 2023, 4 resolutions

Present: 3 promoters and 234 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statement for the Financial Year ended 31st March 2023 together with the Report of Board of Directors and Audtiors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 60.37% · promoters 100.00% · institutions 0.00% · other public 1.15%

  2. Declaration of Dividend of Rs.2 per equity shares for the financial year ended 31st March 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 60.37% · promoters 100.00% · institutions 0.00% · other public 1.15%

  3. Re-appointment of Mr. R.S. Raghavan (DIN:00260912) Non-Executive Non-Independent Director, who retire by rotation, as a Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 60.37% · promoters 100.00% · institutions 0.00% · other public 1.15%

  4. Ratification of the remuneration of Rs. 1.50 lakhs (plus applicable taxes and out of pocket expenses at actuals) payable to Mr. P. Raju Iyer, Practising Cost Accountant (Membership No.6987), Cost Auditor for the financial year 2023-24MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 60.37% · promoters 100.00% · institutions 0.00% · other public 1.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 16 Jun 2023, 4 resolutions

The company's voting result (opens in a new tab)

  1. Approving the re-appointment of Dr. V Sumantran (DIN: 02153989) as an Independent Director for the second term of 5 (five) consecutive years with effect from 9th August 2023
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.75%

    Turnout: all 60.42% · promoters 100.00% · institutions 0.00% · other public 1.27%

  2. Approving the re-appointment of Mr. K Balakrishnan (DIN: 00722447) as an Independent Director for the second term of 5 (five) consecutive years with effect from 9th August 2023
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.86%

    Turnout: all 60.41% · promoters 100.00% · institutions 0.00% · other public 1.26%

  3. Approving the re-appointment of Mrs. Subhasri Sriram (DIN: 01998599) as an Independent Director for the second term of 5 (five) consecutive years with effect from 7th February 2024
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.82%

    Turnout: all 60.41% · promoters 100.00% · institutions 0.00% · other public 1.26%

  4. Approving the re-appointment of Mrs. Srilalitha Gopal (DIN: 02329790) as Managing Director for a period of 5 (five) consecutive years with effect from 11th May 2023
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.76%

    Turnout: all 60.41% · promoters 100.00% · institutions 0.00% · other public 1.26%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Jun 2022, 5 resolutions

Present: 2 promoters and 52 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements for the financial year ended 31st March 2022, together with the reports of the Board of Directors and the Auditors' thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 60.37% · promoters 100.00% · institutions 0.00% · other public 1.18%

  2. Re-appointment of Mr. R S Raghavan (DIN: 00260912), who retires by rotation, as a Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 60.37% · promoters 100.00% · institutions 0.00% · other public 1.18%

  3. Appointment of M/s. Guru & Jana, Chartered Accountants (FRN: 006826S) as the Statutory Auditors for their first term of five years, from the conclusion of 27th AGM to the conclusion of the 32nd AGM, at a remuneration of Rs.15 Lakhs per annum (plus reimbursement of out of pocket expenses and other applicable taxes)MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 60.37% · promoters 100.00% · institutions 0.00% · other public 1.17%

  4. Ratification of the remuneration of Rs.1.50 lakhs (plus applicable taxes and out of pocket expenses at actuals) payable to Mr. P. Raju Iyer, Practising Cost Accountant (Membership No.6987), Cost Auditor, for the financial year 2022-23MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 60.37% · promoters 100.00% · institutions 0.00% · other public 1.17%

  5. Approval for increase in remuneration of Mrs. Srilalitha Gopal (DIN:02329790), Managing Director, from Rs.1.50 Crores per annum to Rs. 2 Crores per annum, with effect from 11th May 2022 up to 10th May 2023MoreLess
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.81%

    Turnout: all 60.37% · promoters 100.00% · institutions 0.00% · other public 1.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyGST Authority, JharkhandSince 2 Apr 2026₹30,000

    SCN issued under Section 73 of the CGST Act, 2017 and State GST by the GST Department

    Excess availment and utilization of Input tax credit in terms of Section 16(2) of Jharkhand GST Act,2017
  • Tax disputeAssessing Officer, Income Tax DepartmentSince 14 Aug 2023
    No Development since the last disclosure
    At the filing before: As part of the income tax assessment, it was observed that there is a difference in capital gain computation for the property sold during the year 2012-13. The Income Tax Department has referred the same to the valuation officer. Giving effect petition had been filed. The Quantum of claims amounts to Rs. 1.05 crores (including interest). The appeal is pending disposal. The company also filed a rectification petition requesting the Assessing officer to give effect to the valuation report issued by the DVO. The rectification order was received in the current quarter and the demand arising on account of the same has been discharged. The Final order against the appeal filed before the CIT(A) is pending adjudication.MoreLess
  • Tax disputeThe Hon'ble Commissioner of Customs, ChennaiSince 14 Aug 2023
    No Development since the last disclosure
    At the filing before: The Company imports thermal line printers from one of our neighboring countries (Duty Free). There is a difference in the opinion between the Company and the Customs department on classification of such imported goods for determination of Customs Duty. The Company contested the same. The Company had received an order from the office of the Commissioner of Customs (Audit), Chennai, dated 6th December 2023 to pay Rs.35.58 Crores (including differential duty of Rs.10.02 Cr and fines/penalties on the Company, its Customs House Agent, Company Secretary and other official) The Company has filed appeal before the CESTAT. Awaiting further communication.MoreLess
  • Tax disputeJoint Commissioner - State Tax-New DelhiSince 24 Dec 2023
    No Development since the last disclosure
    At the filing before: GST Assessment Order received U/s.73 on 23/12/2023 with demand raised by the department for the year 2017-18 on Input tax Credit (ITC) related to credit notes and other ITC. The Company filed detailed reply along with supporting documents to the department. The quantum of claims amount to Rs. 17.04 crores. The Comany has filed an appeal before the Joint Commissioner- State Tax- New Delhi. Awaiting further communicationMoreLess
  • Tax disputeSr. Joint Commissioner of Revenue, Kolkata South CircleSince 1 May 2024
    The Company has filed an appeal with GST Appellate Tribunal. Awaiting further communication.
    At the filing before: GST Assessment Order dated 29th April 2024 received U/s.73 with demand raised by the department for the year 2018-19 on tax paid in short against outward and Input tax Credit (ITC) claimed in excess. Expected financial implications amount to 69.83 lakhs (including Interest and Penalty of Rs. 35.46 lakhs). The Company has filed appeal with Special Commissioner of Revenue, Appellate Authority and received demand order for Rs.77.79 Lakhs (including interest and penalty of Rs. 45.37 Lakhs). The Company is in the process of filing appeal with Appellate Tribunal.MoreLess
  • Tax disputeOffice of Deputy Commissioner of State Tax (SGST), Gurugram (East),HaryanaSince 28 Nov 2024
    No Development since the last disclosure
    At the filing before: Issued Show Cause Notice u/s 73(1) of HGST/CGST Act 2017 with demand for the year 2020-21 on Input tax Credit (ITC) claimed in excess. The expected financial implications amount to Rs. 73.20 Lakhs (Including Interest and Penalty of 32.93 Lakhs). Considering the reply of the Company, the demand amount has been reduced from Rs. 73.20 Lakhs (Including Interest and Penalty) to Rs. 23.12 Lakhs (Including Interest and Penalty). The Company has filed the appeal before the Excise and Taxation Officer, Gurgaon, Haryana.MoreLess
  • Tax disputeOffice of Sales Tax Officer Class II / AVATO, Ward 93-Zone 8, DelhiSince 30 Aug 2024
    The Comany has filed an appeal before the Joint Commissioner- State Tax- New Delhi. Awaiting further communication.
    At the filing before: Received demand order from Sales Tax Officer Class II / AVATO, Ward 93-Zone 8, Delhi for Rs.17.17 lakhs ( Including Interest and Penalty of Rs.8.27 Lakhs)
  • Tax disputeOffice of Additional Commissioner Appeal, BhopalSince 24 Mar 2026
    The Company has filed appeal application with GST Appellate Tribunal on 30/06/2026. Awaiting further communication.
    At the filing before: Received demand APL-04 order from Additional Commissioner Jurisdiction, Appeals Bhopal for Rs.11.17 Lakhs (including interest of Rs. 5.58 Lakhs)

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.