TVS Supply Chain Solutions Limited has announced a strategic acquisition to strengthen its position in India's FMCG supply chain market. The company's board of directors of FIT 3PL Warehousing Private Limited, a wholly owned subsidiary, approved the acquisition of 100% paid-up share capital of Swamy & Sons 3PL Private Limited on January 28, 2026.

Acquisition Structure and Timeline

The proposed transaction will be executed through a combination of primary and secondary acquisition of securities, structured in two distinct phases:

Both tranches are subject to net debt and working capital adjustments as outlined in the definitive agreements. The acquisition will be funded through internal accruals.

Target Company Profile

Swamy & Sons 3PL Private Limited is a newly incorporated entity formed by the Swamy Sons Group, headquartered in Hyderabad. The target entity was established to acquire business undertakings from three existing companies: Swamy Sons (Agencies) Private Limited, Sovereign Enterprises (partnership firm), and Crystal Marketing Corporation (partnership firm).

Financial Performance

The Business Undertakings have demonstrated consistent revenue generation over the past three years:

Strategic Objectives and Impact

The acquisition serves multiple strategic purposes for TVS Supply Chain Solutions:

• Market Expansion: Provides immediate foothold in FMCG logistics space with established customer relationships
• Geographic Strengthening: Enhances regional execution capabilities in Telangana and Andhra Pradesh markets
• Customer Base Growth: Expands access to leading Indian FMCG and FMCD customers
• Operational Synergies: Leverages TVS SCS's 20 million sq. ft. warehousing space for improved margins
• Market Consolidation: Strengthens leadership position in Indian supply chain services market

According to K Sukumar, CEO of TVS SCS India, Middle East & Africa, the acquisition represents a strategic step to strengthen the company's high-performance supply chain platform in India, positioning TVS SCS among the top warehousing 3PL service providers.

Regulatory and Compliance Details

The transaction does not constitute a related party transaction, with no promoter or promoter group interest in the target entity. No governmental or regulatory approvals are required for completion of the acquisition. Arun Swamy, Promoter of Swamy & Sons, will continue to lead the organization during the ownership transition to ensure customer retention and growth.

TVS Supply Chain Solutions Limited has announced a significant leadership transition with the appointment of Mr. Vikas Chadha as Global Chief Executive Officer, effective January 22, 2026. The appointment follows a comprehensive succession planning process and marks the beginning of a structured leadership transition as current Managing Director Mr. Ravi Viswanathan prepares for retirement during Financial Year 2026-27.

Board Approval and Transition Framework

The Board of Directors approved Mr. Chadha's appointment based on recommendations from the Nomination & Remuneration Committee. The company disclosed this information under Regulation 30 of SEBI Listing Regulations on January 14, 2026. The board meeting commenced at 05:00 PM IST and concluded at 05:30 PM IST.

Leadership Transition Plan

During the transition period, Mr. Ravi Viswanathan will continue serving as Managing Director and work closely with Mr. Chadha to ensure leadership continuity and execution of the company's strategy. The Board of Directors intends to complete the leadership transition during Financial Year 2026-27.

Chairman R. Dinesh emphasized the company's commitment to continuity, stating that the succession planning reflects their focus on long-term value creation for all stakeholders. He highlighted Mr. Chadha's extensive international experience as a key asset for the organization.

New CEO Profile and Experience

Mr. Vikas Chadha brings over three decades of progressive leadership experience driving operations exceeding $1 billion across diverse industries and geographies. His professional background includes:

• Proven track record in delivering transformational growth and operational excellence
• Experience in strategic vision implementation and digital innovation
• Previous role as CEO of a leading conglomerate based in Dubai
• Leadership positions across multinational companies and Indian public listed companies

Management Commentary

Mr. Viswanathan expressed his commitment to ensuring a smooth transition, stating he remains fully dedicated to supporting Mr. Chadha during the induction process. The outgoing Managing Director emphasized the importance of well-coordinated leadership handover.

Mr. Chadha acknowledged the opportunity to join the company during an exciting phase, recognizing TVS Supply Chain Solutions' strong global platform, deep customer partnerships, and talented team. He expressed enthusiasm about working with the existing leadership team to drive the next phase of growth.

Strategic Implications

The appointment represents a strategic move to leverage international expertise while maintaining operational continuity. Mr. Chadha's background in managing geographically diverse operations aligns with the company's global supply chain focus. The structured transition approach demonstrates the organization's commitment to maintaining stability during leadership changes while positioning for future growth opportunities.