Srinivasan B, a member of the Promoter Group of tvs supply chain solutions , has formally declared that no encumbrance has been created on the shares held by him during the financial year ended March 31, 2026. The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited, as well as the company's Audit Committee.

The declaration was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on their holdings to ensure transparency in the market.

Declaration Details

In his communication, Srinivasan B confirmed that neither he nor any persons acting in concert with him have made any encumbrance, directly or indirectly, on the shares held in the company. The statement specifically pertains to the financial year concluded on March 31, 2026.

The following table summarizes the key details of the disclosure:

Regulatory Context

Regulation 31(4) of the SEBI Takeover Regulations mandates that promoters provide a declaration regarding the encumbrance status of their shares. This requirement is designed to protect shareholder interests by ensuring that any potential liabilities or restrictions on promoter shares are disclosed to the exchanges and the public in a timely manner. The declaration from Srinivasan B confirms that there are no such restrictions on his holdings for the specified period.

TVS Supply Chain Solutions Limited has announced that its wholly owned subsidiary TVS SCS Global Freight Solutions Ltd (TVS SCS GFS) has filed an appeal against an income tax assessment order demanding ₹6.71 crores. The disclosure was made on April 30, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Assessment Details

The Income Tax Department's Assessment Unit issued an order under Section 143(3), questioning expenses recorded by TVS SCS GFS. The tax authorities alleged that these expenses were not reported as income by the respective suppliers, leading to the substantial tax demand.

Company's Response Strategy

TVS Supply Chain Solutions has taken a proactive approach to contest the tax demand through multiple legal avenues. The company has not only filed the appeal but has also initiated proceedings to seek a stay on the demand amount.

Legal Actions Taken:

• Filed appeal against the assessment order under Section 143(3)
• Challenged the consequential Notice of Demand
• Initiated steps to seek stay of the demand amount
• Engaged with Commissioner of Income Tax (Appeals) for resolution

Financial Impact Assessment

The company has provided a measured assessment of the potential financial implications arising from this tax dispute. Based on the merits of the matter, TVS Supply Chain Solutions does not anticipate any significant financial impact at this stage.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30, Schedule III Para-B (8) of the Listing Regulations, as amended, and in accordance with Master Circular No HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. This follows an earlier disclosure made by the company on April 1, 2026, regarding the same matter.

The appeal represents TVS Supply Chain Solutions' commitment to protecting its subsidiary's interests while maintaining transparency with stakeholders through proper regulatory disclosures. The company's confidence in the merits of its case suggests a strong legal foundation for challenging the tax assessment.