Promoter group member R Haresh has confirmed that no encumbrance was created on shares held by him in TVS Supply Chain Solutions Limited during the financial year ended 31st March, 2026. The declaration, submitted to the stock exchanges and the company's audit committee, covers shares held directly or indirectly along with persons acting in concert.

The disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to periodically confirm the status of their holdings to ensure transparency for shareholders.

Declaration Details

The letter was addressed to the National Stock Exchange of India Limited, BSE Limited, and the Audit Committee of TVS Supply Chain Solutions Limited. The confirmation ensures that the promoter's shareholding remains free from pledges or other charges during the specified period.

TVS Supply Chain Solutions has approved a joint venture agreement with ALA Group to invest up to ₹10.19 crore in its subsidiary, TVS Packaging Solutions Private Limited, aiming to capture opportunities in India’s aerospace and defence sectors. The Board of Directors approved the execution of the agreement at its meeting held on June 4, 2026. The joint venture is expected to emerge as a significant growth driver, targeting cumulative revenues in excess of ₹2,000 crore by 2031.

The proposed investment involves TVS Supply Chain Solutions infusing up to ₹10,19,00,000 by way of equity or equity-like instruments, while ALA Group will invest up to ₹9,80,00,000. Post-consummation of the investment, TVS Supply Chain Solutions will hold a 51% shareholding interest in TVS Packaging Solutions, and ALA Group will hold the remaining 49%. The transaction is being undertaken on an arm’s length basis and is subject to the fulfilment of certain conditions precedent and the closing of definitive agreements.

Strategic Rationale and Financial Targets

The partnership leverages the specialised capabilities of both entities to address the high-margin aerospace and defence supply chain market. The sector is characterised by stringent certification and compliance requirements, with quality companies delivering Profit Before Tax (PBT) margins in the range of 8-9%. The joint venture is expected to become profitable within its first twelve months of operations.

The indicative time period for the completion of funding is by September 30, 2026. TVS Packaging Solutions, incorporated on April 28, 2017, is currently a wholly owned subsidiary engaged in providing packaging solutions. Its turnover has remained insignificant as it focuses on exploring business expansion opportunities.

Investment and Shareholding Structure

The following table outlines the proposed investment structure and shareholding distribution in the joint venture:

Operational Capabilities

TVS Supply Chain Solutions brings extensive experience from its defence and utility sector operations in Europe, accounting for over 30% of its Europe business. The company manages approximately 250,000 NATO Stock Numbers (NSNs) and fulfils around 1 million defence demands annually. ALA Group contributes over 35 years of experience as a specialised aerospace and defence supply-chain integrator, supporting major platforms such as Airbus, Boeing, and Dassault Aviation.