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.

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.