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,…