The company struck off Peter Thomas & Co (Refurbishing) Limited, a dormant step-down subsidiary, as part of its rationalization of non-operational entities across international markets.
04 Sep 2025 | 7380 Views | By Sarthak Mahajan
TVS Supply Chain Solutions Limited (NSE: TVSSCS, BSE: 543965) has informed stock exchanges about the closure of its UK-based step-down subsidiary through voluntary liquidation.
The company notified both BSE Limited and the National Stock Exchange of India that Peter Thomas & Co (Refurbishing) Limited, incorporated in the United Kingdom, ...
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TVS Supply Chain Solutions Limited (NSE: TVSSCS, BSE: 543965) has informed stock exchanges about the closure of its UK-based step-down subsidiary through voluntary liquidation.
The company notified both BSE Limited and the National Stock Exchange of India that Peter Thomas & Co (Refurbishing) Limited, incorporated in the United Kingdom, was struck off on August 26, 2025. TVS SCS received official confirmation of the closure on September 4, 2025.
The subsidiary closure forms part of the company's broader strategy to rationalize dormant entities within its corporate structure. Peter Thomas & Co (Refurbishing) Limited was classified as a non-material, dormant subsidiary that contributed no revenue, turnover, or income to TVS Supply Chain Solutions during the previous financial year.
In its regulatory filing pursuant to SEBI Listing Regulations, TVS SCS clarified that no binding agreements were involved in the closure process, as the subsidiary underwent voluntary liquidation rather than a sale transaction.
The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulation 2015, which mandates listed companies to inform exchanges about material events and corporate actions.
TVS Supply Chain Solutions continues to operate its core logistics and supply chain management business across multiple markets, with the subsidiary closure representing a routine corporate housekeeping measure rather than any strategic business shift.
Company Secretary P D Krishna Prasad signed the official communication to both stock exchanges, ensuring regulatory compliance and transparency for investors and stakeholders.