TVSE - Audited Financial Results for the Quarter and year ended 31st March 2025

BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street

Mumbai ‐ 400 001

National Stock Exchange of India Limited Exchange Plaza, 5th Floor

Plot No. C/1, G Block

Bandra - Kurla Complex Bandra(E) Mumbai ‐ 400 001

Dear Sir / Madam,

17thMay, 2025

Scrip Code ‐ 532513

Scrip Symbol ‐ TVSELECT

Sub: Outcome of Board Meeting and Audited Financial results for the Quarter and year ended 31stMarch 2025

Ref: Our letter dated 6thMay, 2025 intimating the Board Meeting for consideration of Audited financial results for the Quarter and year ended 31stMarch 2025.

We wish to inform you that the Board of Directors of the Company at their meeting held today, i.e. 17thMay, 2025, inter‐alia:

1. Approved the audited financial results for the quarter and year ended 31st March 2025 in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR). A copy of the said results along with the report of the Auditors is enclosed herewith as 'Annexure‐1'. We hereby confirm and declare that M/s. Guru & Jana, Chartered Accountants Bangalore (Firm Registration No 006826S), Statutory Auditors, have issued the audit report on financial statements of the Company for the year ended 31st March 2025 with unmodified opinion.

2. Decided to convene the 30thAnnual General Meeting on Wednesday, 13thAugust, 2025 at 10.00 a.m.

3. Based on the recommendation of the Audit Committee, recommended to the shareholders of the Company, the appointment of M/s. V. Suresh Associates, Practicing Company Secretaries holding Peer Review Certification No: 6366/2025 as the Secretarial Auditor of the Company for a term of five (5) consecutive years commencing from financial year 2025‐26 till financial year 2029‐30. The additional details as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024 is stated under 'Annexure‐2' to this letter.

The meeting commenced at 2.00 pm and concluded at 6.10 pm

Kindly take this information on record. Thanking you,

For TVS Electronics Limited

SANTOSH

Digitally signed by SANTOSH KRISHNADASS

+05'30'

KRISHNADASS Date: 2025.05.17 18:36:43

K Santosh Company Secretary

"Arihant E-Park", No.117/1, 9thFloor, L.B. Road, Adyar, Chennai - 600 020. Tel.: +91-44-42005200 Registered Office: Harita Towers, 2ndFloor, No.119, St. Mary's Road, Abhiramapuram, Chennai- 600 018

Corporate Identity Number: L30007TN1995PLC032941 E-mail id: webmaster@tvs-e.in Website: https://www.tvs-e.in

gANA.

GURU

C4AflTE9EC A<>IURTAR'

Annexure 1

To tlse Board ofDirectors of TVS blectcon1cs Llzzdted Repozt oa tbe Audit ofEiaaocial Results

Opinion

We have audited the accompanying Statement of Financial Results of TVS Electronics Limited (the 'Company"), quarter ended, and year ended March 31, 2025 (the 'Statement'), attached here with, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, as amended (the "Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Ind AS financial statement:

a are presented in accordance with the requirements of Regulation 33 ofthe LisBng Regulations; and

b. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards ('Ind AS") and other accounting principles generally accepted in India of the net loss and total comprehensive income and other financial information ofthe Company for the quarter and year then ended March 31, 2025.

Basis fler Opinion

We conducted our audit of the Ind AS financial statements in accordance with the Standards on Auditing ("SA" s) specified under section 143(10) of the Act Our responsibilifies under those Standards are further described in the Auditor's Responsibilities for the Audit of the Ind AS Financial Statements section of our report. We are independent of the Company in accordance withthe Code of Ethics issued by the Institute of Chartered Accountants of India ('ICAI") together with the ethical requiremenu that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is suflicient and appropriate to provide a basis for our opinion.

41, Patalamma Temple St, Basavanagudi, Bangalore - 560004 I +91 80 42 202020 I -.gurujana.com

The Company's Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these Ind AS financial results that give a true and fair view ofthe financial position, financial performance including other comprehensive income, cash flows and changes in equity of the Company in accordance with the accounting principles generally accepted in India, including the Indian Accounting Standards(Ind AS) specified under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Ind AS financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Ind AS financial results, board of directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to goingconcern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Those Board of Directors are also responsible for overseeing the company's financial reporting process.

Our objectives are to obtain reasonable assurance about whether the Ind AS financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Ind AS financial results.

As part of an audit in accordance with SAs, we exercise professional judgement and maintain professional skepticism through the audit. We are also:

• Identify and assess the risks of material misstatement of the financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal financial control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the

  Act, we are also responsible for expressing our opinion through a separate report on the complete set of Financial results on whether the company has adequate internal financial controls with reference to Financial controls in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

• Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.

• Conclude on the appropriateness of the management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to

  continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure, and content of the Ind AS financial statements, including the disclosures, and whether the Ind AS financial results represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding annual financial Results of the company to express an opinion on the Annual Financial Results.

Materiality is the magnitude of misstatement in the annual financial results that, individually or aggregate, makes it probable the economic decisions of the reasonably knowledgeable uses of the annual financial results may be influenced. We consider quantitative materiality and qualitative factors in (i) Planning the scope of our audit work and in evaluating the results of our work: and (ii) to evaluate the effect of any identified misstatements in the annual financial Result.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charges with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and therefore the key audit matters. We describe these matters in our auditors report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

The statement includes the results for the quarter ended 31stMarch 2025, being the balancing figure between the audited figures in respect of the full financial year ended 31•t March 2025 and published un-audited year to date figures up to the third quarter of the current financial year prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" which were subjected to a limited review by us, as required under the Listing Regulations.

Our opinion is not modified in respect of this matter.

For Guru & Jana,

Chartered Accountants

ASGAR PASHA

Digitally signed by HEENA KAUSER ASGAR PASHA Date: 2025.05.17 17:52:02

HEENA KAUSER

+05'30'

Place: Bangalore Date: May 17th, 2025

TVS ELECTRONICS LIMITED CIN: L30007TN1995PLC032941

Registered Office: Harita Towers, 2nd Floor, No. 119, St.Mary's Road, Abhiramapuram, Chennai 600 018 Statement of Audited Financial Results for the quarter and year ended March 31, 2025

31 2024

Quarter Ended

Year Ended

fin Lakhs

S.No

Particulars March 31,2025

December March 31, 2024 March 31, 2025 March 31, 2024

Audited Unaudited Audited Audited Audited

-

f.

Depreciation and amortisation expense

g. Other expenses

2 Total Expenses 11,750 10,205 9,829 43,944 36,936

(635

1. Profit before tax (l-2) (264 (111 (9

   (68

   (95)

   Current Tax I - - 1 -

   Deferred Tax (203 (46) (66) (252)

   (379

   (255

   Tax relating to Prior Years (4 - - (4 -

2. Tax Expense (206 (46) (66)

3. Net Profit after tax (3-4) (57 (65 57

4. Other comprehensive Income -

   (] 0)	-	(1	(30)	58
   	8	7	8	( 17)
   (67)		63	(402)	68
   1,865	1,865	1,865	1,865	1,865
   			7,429	8,014

   Items that will not be reclassified to Profit or (Loss)

   (0

   Tax on above

   (57)

5. Total Comprehensive Income (5+6)

   Paid-up equity share capital (Face

6. Value of the Share is<. 10/- each)

   Reserves (excluding Revaluation

7. Reserves)

   	Earnings per share (EPS) (Face value on I 0/- each) (not annualised for quarters)
   	Basic (in<)	(0.31)	(0.35	0.30	(2.03)	0.15
   b)	Diluted (in<)		(0 35	0.30	(2 03)	0.15

   10

   (95)

   27

   a)

   (0.31)

   Note: Refer accompanying notes to Statement of audited Financial Results

   TVS Electronics Limited

   "Arihant E-Park", No.117/1, 9th Floor, L.B. Road, Adyar, Chennai - 600 020. Tel.:+ 91-44-4200 5200 Registered office: Harita Towers, 2nd Floor, No.119, St. Mary's Road, Abhiramapuram, Chennai - 600 018.

   Corporate Identity Number: L30007TN1995PLC032941 E-mail id: webmaster@tvs-e.in Website: https://www.tvs-e.in

   <, /0

   �~;">:> /

   
   
   

   TVS ELECTRONICS LIMITED CIN: L30007TN1995PLC032941

   Registered Office: Harita Towers, 2nd Floor, No. 119, St. Mary's Road, Abhiramapuram, Chennai 600 018

   NOTES

   1. The above audited financial results have been reviewed and recommended by the Audit Committee of the Board and subsequently approved by the Board of Directors at its meeting held on May 17 , 2025 .

   2. The Company has the following two business segments as per Ind AS 108:

      (i) Products & Solutions; (ii) Customer Support Services;

      The Company has incurred Rs 9 Crs towards new initiatives in existing business segments, which has been charged o during the year.

   3. The financial results are available on the website of BSE Limited (Bombay Stock Exchange Limited) - https://www.bseindia.com, National Stock Exchange of India Limited - https://www.nseindia.com and the Company - https://www.tvs-e.in.

   4. Figures for the previous periods have been regrouped.wherever necessary, to conform to current period's classification

   5. The company has no subsidiary/ associate/ joint venture companies as on March 31,2025

   6. The Board of Directors of the Company at its meeting held on 11th November 2023 approved the Scheme of Amalgamation of TVS Investments Pvt Ltd with and into TVS Electronics Limited ("Scheme"). Subsequently, the shareholders and creditor of the Company at their meeting held on 4th April, 2025, approved the Scheme and the order from Hon'ble National Compan Law Tribunal is awaited.

By order of the Board

Chennai May 17,2025

TVS Electronics Limited

"Arihant E-Park", No.117/1, 9th Floor, L.B. Road, Adyar, Chennai - 600 020. Tel.:+ 91-44-4200 5200 Registered office: Harita Towers, 2nd Floor, No.119, St. Mary's Road, Abhiramapuram, Chennai - 600 018.

Corporate Identity Number: L30007TN1995PLC032941 E-mail id: webmaster@tvs-e.in Website: https://www.tvs-e.in

TVS ELECTRONICS LIMITED Annexure 1

Registered Office: Harita Towers, 2nd Floor, No. 119, St. Mary's Road, Abhiramapuram, Chennai 600 018 Statement of segment wise revenue, results and capital employed for the quarter and year ended March 31, 2025

� in Lakhs

Quarter Ended Year Ended

s Particulars March 31,2025 December 31,2024 March 31, 2024 March 31,2025 March 31, 2024 No

1 Segment Revenue

Audited Unaudited

Audited

Audited

(9

{136

(635

2

{1,206

d)

d)

Includes Cash and Cash Equivalents, Bank Balances, Current Investments & Tax assets Includes Borrowings & Tax liabilities

TVS Electronics Limited

"Arihant E-Park", No.117/1, 9th Floor, L.B. Road, Adyar, Chennai - 600 020. Tel. : + 91-44-4200 5200 Registered office:Harita Towers, 2nd Floor, No.119, St. Mary's Road, Abhiramapuram, Chennai - 600 018.

Corporate Identity Number: L30007TN1995PLC032941 E-mail id: webmaster@tvs-e.inWebsite:https://www.tvs-e.in

TVS ELECTRONICS LIMITED

CIN: L30007TNl995PLC032941 ,

Registered Office: Harita Towers, 2nd Floor, No. I 19, St. Mary's Road, Abhiramapuram, Chennai 600 018

STATEMENT OF ASSETS AND LIABILITIES

Particulars

1. Assets

   tin Lakhs

   
   
   

   As at As at

   March 31, 2025 March 31, 2024 Audited Audited

   I Non-current assets

   1. Property, plant and equipment 3,840 3,918

   2. Right to use asset 1,073 326

   3. Capital Work in Progress 3

      57

   4. Intangible assets 1,405 l,413

   5. Intangible assets under development -

   6. Financial assets

      1. Investments 130 129

      2. Other financial assets 217 103

   7. Deferred tax Assets (Net) 456 195

   8. Non current tax assets (Net) 882 331

   9. Other non-current assets 174 168

      Total non-current assets 8,177 6,643

      2 Current assets

      1. Inventories 6,469 5,513

      2. Financial assets

         1. Investments 671 2,503

         2. Trade receivables 7,197 6,275

         3. Cash and cash equivalents 265 312

         4. Bank balances other than (iii) above 256 128

         5. Other financial assets 1,271 1,200

      3. Other current assets 1,764 1,854

      Total current assets 17,893 17,785

      Total Assets 26,070 24,428

      (a) Equity share capital	1,865	1,865
      (b) Other equity	7,429	8,014
      Total equity 2 Liabilities Non-current liabilities	9,294	9,879
      (a) Financial liabilities
      i. Borrowings	1,016	1,501
      ii. Lease Liabilities	1,060	50
      (b) Provisions	23	22
      (c) Other non-current liabilities		24
      Total non-current liabilities	2,133	1,597
      Current liabilities
      (a) Financial liabilities
      i. Borrowings	2,112	2,213
      ii. Lease liabilities		280
      iii. Trade payables:

2. Equity and liabilities I Equity

72

34

555 412

-Total outstanding dues of micro enterprises and small enterprises

TVS Electronics Limited

"Arihant E-Park", No.117/1 , 9th Floor, L.B. Road, Adyar, Chennai - 600 020. Tel. : + 91-44-4200 5200 Registered office: Harita Towers, 2nd Floor, No.119, St. Mary's Road, Abhiramapuram, Chennai - 600 018.

Corporate Identity Number : L30007TN1995PLC032941 E-mail id: webmaster@tvs-e.inWebsite:https://www.tvs-e.in

TVS ELECTRONICS LIMITED

CJN: L30007TN1995PLC032941

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2025

Registered Office: Harita Towers, 2nd Floor, No. 119, St. Mary's Road, Abhiramapuram, Chennai 600 018

Year ended March 31,2025

Certified

FEB 2025-FEB2026 iNDIA

tin Lakhs Year ended

March 31, 2024

1. Cash flow from operating activities Net profit/(loss) after tax

   Adjustments for:

   Depreciation and Amortisation Tax provisions

   Finance costs

   Profit on sale ofProperty, Plant and equipment Net Gain arising on FVTPL Transaction

   Profit on sale ofInvestment Interest Income

   Provision for Expected Credit Losses

   Operating profit before working capital changes Changes in working capital

   Adjustments for (increase)/decrease in operating assets Trade and other receivables

   Inventories Other Assets

   Other Financial Assets

   Adiustments for increase/!decrease) in oneratin(' liabilities Trade payables

   Other Liabilities

   Other Financial Liabilities

   Cash (used) in operations

   Direct taxes paid / refund received - (net)

   Net cash flow (used) in operating activities

2. Cash flow from investin11 activities

   Purchase ofProperty, plant and equipment & intangibles including capital advances

   Proceeds from sale ofProperty, plant and equipment

   Bank balances considered as other than cash and cash equivalents Purchase ofInvestment

   Sale ofInvestments Interest received

   Net cash flow generated from investing activities

3. Cash flow from financing activities

Payment oflease liability Repayment of borrowings (Net) Finance costs

Dividends paid (Gross ofTax)

Net cash flow (used) in financing activities

Net (decrease) in cash and cash enuivalents !A+B+C) Reconciliation

1,507

(255)

536

(9)

-

(151)

(29)

(19)

(902)

(955)

45

(254)

1,194

446

341

(887)

17

(128)

-

2,129

31

(571)

(586)

(424)

(187)

(379

1,579

1,200

(85

1,115

(554

561

1,162

(1,768)

(46)

1,087

(95)

196

10

(45)

(132)

(22)

157

(1,788)

681

1,843

(263)

367

(264)

(136)

(2,797)

8

98

(4,100)

2,900

22

(350)

2,770

(153)

(372)

27

1,156

1,183

440

1,623

(245

1,378

(3,869

1,895

(597

Cash and cash equivalents as at beginning ofthe Year 312 908

Cash and cash equivalents as at end ofthe period 265 312

Net !decrease) in cash and cash eauivalents (46) (596

TVS Electronics Limited /�' RO,v/

"An.hant E-Park", No.117/1, 9th Floor, L.B. Road, Adyar, Chenna1 - 600 020. Tel.:+ 91-44-4200 5200 0

Registered office: Harita Towers, 2nd Floor, No.119, St. Mary's Road, Abhiramapuram, Chennai - 600 018V) 6 tl C, Corporate Identity Number: L30007TN1995PLC032941

E-mail id:webmaster@tvs-e.inWebsite:https://www.tvs-e.in

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TVS ELECTRONICS LIMITED

(� in Lakhs

Financials

S.No.

Particulars

Quarter Ended Year ended

March 31, 2025 March 31 2024 March 31 2025 March 31, 2024

Audited Audited

Note: The above is an extract of the detailed format of financial results for the quarter and year ended March 31,2025 filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Audited Financial Results are available on the Stock Exchange websites. (https://www.bseindia.com and https://www.nseindia.com) and on the Company's website (https://www.tvs-e.in).

,I

Chennai May 17 2025

./

I

-1-1.

ii

..__,-

57

(2.03

Registered Office: Harita Towers, 2nd Floor, No. 119, St. Mary's Road, Abhiramapuram, Chennai 600 018 Extract of audited financial results for the quarter and year ended March 31, 2025

TVS Electronics Limited

"Arihant E-Park", No.117/1, 9th Floor, L.B. Road, Adyar, Chennai - 600 020. Tel.: + 91-44-4200 5200 Registered office: Harita Towers, 2nd Floor, No.119, St. Mary's Road, Abhiramapuram, Chennai - 600 018.

Corporate Identity Number: L30007TN1995PLC032941 E-mail id:webmaster@tvs-e.inWebsite:https://www.tvs-e.in

Annexure : 2

Additional Details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

S.no. Particulars Details

1. Reason for change Pursuant to Regulation 24A of the Listing Regulations, the Audit

   Committee and the Board of Directors recommended to shareholders of the Company the appointment of M/s. V Suresh Associates, Practising Company Secretaries (Peer Review certificate no. issued by ICSI is 6366/2025) as Secretarial Auditor of the Company.

2. Date of appointment & Terms of Appointment

3. Brief Profile of Secretarial Auditor

4. Disclosure of relationships between directors (in case

of appointment of a director)

17th May, 2025 (subject to the approval of the shareholders of the Company)

Appointed as Secretarial Auditors of the Company for the first term of five

(5) consecutive years, from the financial years 2025‐26 to 2029‐30.

M/s. V Suresh Associates, a firm of Practicing Company Secretaries in Chennai is a distinguished professional services firm offering a comprehensive range of services related to corporate governance, secretarial audit, compliance and legal advisory especially in the Company Law / RBI/SEBI /Capital Market related matters with more than 20 years of experience. Experienced team of professionals in the firm assists businesses in adhering to the regulatory compliance and adopting best practices in corporate governance.

Not Applicable

"Arihant E-Park", No.117/1, 9thFloor, L.B. Road, Adyar, Chennai - 600 020. Tel.: +91-44-42005200 Registered Office: Harita Towers, 2ndFloor, No.119, St. Mary's Road, Abhiramapuram, Chennai- 600 018

Corporate Identity Number: L30007TN1995PLC032941 E-mail id: webmaster@tvs-e.in Website: https://www.tvs-e.in