TVS Electronics announced that the Annual General Meeting (AGM) of the company will be held on 10 August 2019.

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TVS Electronics announced that the Board of Directors of the Company at its meeting held on 11 May 2019, has recommended a Final dividend of Rs.1.5 per share (i.e.15%), subject to the approval of the shareholders.

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Net profit of TVS Electronics rose 1125.00% to Rs 1.96 crore in the quarter ended March 2019 as against Rs 0.16 crore during the previous quarter ended March 2018. Sales declined 94.81% to Rs 56.06 crore in the quarter ended March 2019 as against Rs 1080.13 crore during the previous quarter ended March 2018.

For the full year,net profit declined 54.19% to Rs 7.44 crore in the year ended March 2019 as against Rs 16.24 crore during the previous year ended March 2018. Sales declined 32.90% to Rs 2755.65 crore in the year ended March 2019 as against Rs 4106.90 crore during the previous year ended March 2018.

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The Board of Directors of TVS Electronics announced that Narayan K Seshadri, Non Executive Non Independent Director, Vide letter dated 06 May 2019, have submitted his resignation from the directorship of the Company with effect from 06 May 2019.

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