TVS Supply Chain Solutions Limited has submitted an initial disclosure to stock exchanges confirming its non-applicability as a 'Large Corporate' under the Securities and Exchange Board of India (SEBI) framework for fund raising through debt securities. The disclosure, dated April 29, 2026, was filed pursuant to SEBI Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023.

Regulatory Compliance Status

The company has formally confirmed that it does not meet the applicability criteria specified under Clause 3.2 of the SEBI Circular as on March 31, 2026. This classification exempts the company from certain regulatory requirements applicable to large corporates under the debt securities framework.

Financial Position and Credit Profile

The disclosure reveals key financial metrics and credit standing of the company:

The company maintains a strong credit profile with the highest credit rating of IND AA/Stable/IND A1+ from India Rating and Research during the previous financial year. The relatively modest outstanding borrowing amount of Rs. 4.59 crore as on March 31, 2026, appears to be a key factor in the company's classification outside the large corporate framework.

Regulatory Framework Context

The SEBI circular pertains to fund raising by issuance of debt securities by large corporates and establishes specific criteria for determining which entities fall under this classification. Companies meeting the large corporate criteria are subject to additional regulatory requirements and compliance obligations. TVS Supply Chain Solutions' confirmation of non-applicability indicates that it falls below the threshold parameters established by SEBI.

Corporate Governance and Documentation

The disclosure was duly signed by P D Krishna Prasad, Company Secretary, and R Vaidhyanathan, Chief Financial Officer, ensuring proper corporate governance compliance. The document was digitally signed on April 29, 2026, and submitted to both the National Stock Exchange of India Limited and BSE Limited within the prescribed timeframe.

Company Profile

TVS Supply Chain Solutions Limited operates with its corporate office located at Tamarai Tech Park in Chennai and registered office in Madurai. The company carries the Corporate Identification Number (CIN) L63011TN2004PLC054655, indicating its incorporation in Tamil Nadu in 2004 as a public limited company engaged in supporting and auxiliary transport activities.

TVS Supply Chain Solutions Limited has received a tax demand order of ₹8.98 crores from the Income Tax Department on April 23, 2026. The company disclosed this development to stock exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Order Details

The Income Tax Assessment Authority issued the order under Section 143(3) read with Section 144C(3). The tax demand pertains to disallowed expenses claimed by the company and variations in transfer pricing adjustments.

Company's Response Strategy

TVS Supply Chain Solutions has indicated that it will file an appropriate response and appeal the order before the relevant authorities within the prescribed timelines. The company's management has assessed that this tax demand is not expected to have a material impact on the company's financials, operations, or other activities.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI Listing Regulations, which requires listed companies to inform stock exchanges about material events and developments. The company submitted the disclosure to both BSE Limited and National Stock Exchange of India Limited on April 24, 2026.

Financial Impact Assessment

According to the company's assessment, the ₹8.98 crore tax demand is not expected to materially affect its financial position or operational activities. The company maintains that it will pursue all available legal remedies through the appellate process to contest the order.