TVS Supply Chain Solutions confirms full compliance in FY26 secretarial audit

TVS Supply Chain Solutions has confirmed full compliance with securities market regulations for the financial year ended March 31, 2026. The company filed its Annual Secretarial Compliance Report on May 28, 2026, following an examination by Mr. K. Venugopalan, a Practicing Company Secretary. The report verifies that the listed entity adhered to the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other relevant circulars and guidelines.

The audit covered the company's compliance with key regulations including the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Mr. Venugopalan reported no deviations or non-compliances during the review period. The report explicitly states that there were no instances of non-compliance requiring disclosure in the specified format, and no actions were taken against the entity or its promoters by SEBI or stock exchanges.

Compliance Status and Governance

The secretarial audit validated the company's adherence to various governance and operational standards. The report confirmed that the company has adopted and updated all applicable policies approved by its board of directors. These policies conform to SEBI regulations and have been reviewed in a timely manner. Additionally, the company maintained a functional website with accurate web-links for documents as required under Regulation 27(2).

The audit also verified that none of the company's directors are disqualified under Section 164 of the Companies Act, 2013. The company successfully conducted performance evaluations for the Board, Independent Directors, and various Committees as prescribed. Furthermore, all Related Party Transactions were entered into only after obtaining prior approval from the Audit Committee.

Key Compliance Indicators

The following table summarizes the compliance status across key regulatory areas examined during the review period:

Sr. No.	Particulars	Compliance Status
1	Secretarial Standards issued by ICSI	Yes
2	Adoption and timely updation of Policies	Yes
3	Maintenance and disclosures on Website	Yes
4	Disqualification of Director(s)	Yes
5	Details related to subsidiaries	Yes
6	Preservation of Documents	Yes
7	Performance Evaluation	Yes
8	Related Party Transactions	Yes
9	Disclosure of events or information	Yes
10	Prohibition of Insider Trading	Yes
11	Actions taken by SEBI or Stock Exchange(s)	Yes

The report also noted compliance regarding the resignation of statutory auditors, where applicable, and confirmed there were no additional non-compliances observed. The company met the disclosure requirements for Employee Benefit Scheme Documents under Regulation 46(2)(za) of the LODR Regulations. The auditor emphasized that the report is based on an examination of relevant documents and is neither an audit nor an expression of opinion on the financial records.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.00%	+1.44%	+7.11%	+14.70%	-2.56%	-38.98%

TVS Supply Chain Solutions Limited returned to profitability in the financial year ended March 31, 2026, posting a consolidated net profit of ₹117.02 crore against a net loss of ₹9.64 crore in the previous year. The turnaround was driven by robust growth in its India business and improved operational performance, with revenue from operations rising to ₹11,040.76 crore. The company's adjusted EBITDA grew 14.5% to ₹773.0 crore, while operating cash flow stood at ₹243 crore.

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results were reviewed by M/s. S.R. Batliboi & Associates LLP, Statutory Auditors. The company reported a profit before tax of ₹168.50 crore for the year, compared to ₹29.36 crore in the prior year, with total comprehensive income rising to ₹229.63 crore from a loss of ₹19.76 crore.

Q4 Financial Highlights

The company delivered a strong quarterly performance for the quarter ended March 31, 2026. Q4 consolidated net profit came in at ₹18.36 crore, compared to a loss of ₹3.92 crore in the same period last year. Q4 revenue stood at ₹3,042.67 crore versus ₹2,512.26 crore year-on-year. Adjusted EBITDA for the quarter rose 37.5% to ₹222.0 crore from ₹161.4 crore in the year-ago period, with margins expanding to 7.3% from 6.5%.

Metric:	Q4 FY26	Q4 FY25
Revenue:	₹3,042.67 crore	₹2,512.26 crore
Adjusted EBITDA:	₹222.0 crore	₹161.4 crore
Adjusted EBITDA Margin:	7.3%	6.5%
Net Profit / (Loss):	₹18.36 crore	(₹3.92) crore

Consolidated Annual Financial Performance

The Integrated Supply Chain Solutions (ISCS) segment reported revenue of ₹8,238.86 crore for FY26, a year-on-year growth of 9.63%, with an adjusted EBITDA margin of 8.90%. The Global Forwarding Solutions (GFS) segment recorded revenue of ₹2,764.11 crore, growing 11.42% year-on-year. The India business revenue grew 31.4% year-on-year in Q4 FY26, supported by deeper customer engagement and sustained demand across key sectors. New business wins for the full year stood at ₹1,207 crore.

Metric:	Year Ended March 31, 2026 (₹ crore)	Year Ended March 31, 2025 (₹ crore)
Revenue from operations:	11,040.76	10,028.88
Total expenses:	10,948.66	10,004.67
Profit before tax:	168.50	29.36
Net profit / (loss):	117.02	(9.64)
Total comprehensive income:	229.63	(19.76)

Leadership Changes and Corporate Actions

The board approved the appointment of Mr. Vikas Chadha as Additional Director and Managing Director of the company effective July 1, 2026, for a period of five years, subject to shareholder approval. Mr. Chadha is currently the Global Chief Executive Officer. Concurrently, Mr. Ravi Viswanathan resigned as Director and Managing Director, effective June 30, 2026. The 22nd Annual General Meeting of the shareholders is scheduled to be held on Wednesday, August 5, 2026, via Video Conferencing.