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| Exchange Disseminated Time | | With reference to the earlier announcement regarding the approval by the Board of Directors of the Company at its meeting held on February 26, 2007 and as approved by the Shareholders u/s 293(1)(a) of the Companies Act, 1956, through Postal Ballot on April 09, 2007, TVS Electronics Ltd has informed BSE that the Company on May 31, 2007, executed the Business Transfer Agreement for transfer of the Contract Manufacturing Services Business at Tumkur (CMS Business) for a consideration of Rs 41.12 Crores with Incap Contract Manufacturing Services Pvt Ltd, a Wholly Owned Subsidiary of Incap Corporation, Finland. |
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