TVS Supply Chain Solutions Limited has informed stock exchanges about receiving a tax order from Madhya Pradesh state tax authorities, disclosing the development under regulatory compliance requirements.

Tax Order Details

The Assistant Commissioner of State Tax, Madhya Pradesh has passed an order against the company for FY 2019-20 on alleged grounds of short payment of outward liability. The company received this order on March 30th, 2026.

Company's Response and Impact Assessment

TVS Supply Chain Solutions has assessed that this tax demand is not expected to have a material impact on the company's financials, operations, or other activities. The company has outlined its planned course of action to address the order.

The management stated that it will file an appropriate response and appeal the order before the authorities within the prescribed timelines. This approach indicates the company's intention to contest the allegations through proper legal channels.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the required details to both BSE Limited and National Stock Exchange of India Limited as part of its regulatory obligations.

The disclosure was signed by P D Krishna Prasad, Company Secretary, and submitted on March 31, 2026, ensuring timely compliance with stock exchange requirements for material developments affecting the company.

TVS Supply Chain Solutions Limited has announced the completion of an equity share allotment to its wholly owned US subsidiary, TVS Logistics Investment Inc. USA, as part of its strategic business expansion plans. The transaction involves a significant capital infusion aimed at strengthening the subsidiary's operational capabilities and financial position.

Transaction Details

The equity share allotment represents a substantial investment in the company's international operations. Key transaction parameters are outlined below:

Subsidiary Performance and Background

TVS Logistics Investment Inc. USA operates in the storage, warehousing, freight transportation and other land transport services sector. The subsidiary has demonstrated consistent growth over the past three years:

The US subsidiary was incorporated on December 1, 2010, and has established a strong presence in the American logistics market. The entity's turnover growth from ₹7,061.93 million in FY23 to ₹10,298.94 million in FY25 reflects its expanding business operations.

Strategic Objectives and Impact

The additional funding serves specific operational purposes:

• Primary Objective: Address working capital and cash flow requirements
• Business Impact: Enhanced operational capacity for storage and transportation services
• Market Position: Strengthened presence in the US logistics sector

Regulatory Compliance

As a cross-border transaction, the equity allotment requires compliance with Indian regulatory frameworks. The transaction falls under the automatic route provisions of:

• Foreign Exchange Management Act, 1999 (as amended)
• Overseas Investment Guidelines, 2022

The company confirmed that no promoter, promoter group, or group companies have any interest in this equity acquisition, ensuring arm's length transaction principles.

Corporate Structure Maintenance

Following the equity share allotment, TVS Logistics Investment Inc. USA continues to remain a wholly owned overseas subsidiary of TVS Supply Chain Solutions Limited. This structure maintains complete operational control while providing the necessary capital for business expansion and working capital requirements in the competitive US logistics market.