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.

TVS Supply Chain Solutions Limited has announced the successful settlement of its pending litigation with ZTE Telecom India Private Limited, bringing closure to a dispute over operational dues. The company made this disclosure on April 16, 2026, in compliance with SEBI Listing Regulations, providing an update on litigation initially disclosed in November 2025.

Settlement Details

The litigation settlement has resulted in favorable terms for TVS Supply Chain Solutions, with specific financial and procedural outcomes clearly defined.

Background of the Dispute

The litigation centered on operational dues claimed by TVS Supply Chain Solutions from ZTE Telecom for services rendered under business arrangements between the two parties. The matter had escalated to the National Company Law Appellate Tribunal (NCLAT) in New Delhi, where TVS Supply Chain Solutions had filed an appeal seeking recovery of these dues.

Financial Impact Assessment

TVS Supply Chain Solutions has explicitly stated that the impact of this settlement is not material to the company's financial position. The resolution allows the company to recover INR 1.62 crores in operational dues while avoiding prolonged litigation costs and uncertainties.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30, Schedule III Para-B (8) of SEBI Listing Regulations, demonstrating the company's commitment to transparent communication with stakeholders. This update follows the company's initial disclosure made in November 2025 regarding the pending litigation.

Resolution Outcome

The settlement represents a mutually acceptable resolution between both parties, allowing them to conclude their dispute without further legal proceedings. With ZTE Telecom's payment of the settlement amount, TVS Supply Chain Solutions has withdrawn its petition before the NCLAT, formally ending the litigation process.