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TVS Electronics (TVSEL) announced that the NCLT Chennai Bench has sanctioned the Scheme of Amalgamation with TVS Investments Private Limited (TVSIPL). This approval marks a crucial step in formalizing the merger between the two entities. The Appointed Date for the scheme was set as April 1, 2023. The 'Effective Date' will be communicated once the remaining conditions are fulfilled and necessary filings with the Registrar of Companies are completed. This development advances the consolidation process.