TVS Supply Chain Solutions has announced a major business development with the securing of a contract from Daimler for complete in-plant warehouse management services. This partnership marks a significant expansion of the company's operations in the automotive logistics sector.

Contract Details

The agreement with Daimler encompasses comprehensive warehouse management services to be provided within the automotive manufacturer's facilities. This contract represents a strategic win for TVS Supply Chain Solutions, positioning the company as a key logistics partner for one of the world's leading automotive companies.

Strategic Significance

This contract award demonstrates TVS Supply Chain Solutions' capabilities in managing complex automotive supply chain operations. The partnership with Daimler is expected to strengthen the company's position in the automotive logistics segment and showcase its expertise in providing integrated warehouse management solutions.

The in-plant warehouse management services will involve handling various aspects of warehouse operations within Daimler's manufacturing facilities, ensuring efficient material flow and inventory management to support the automotive production process.

Business Impact

Securing this contract with Daimler represents a notable achievement for TVS Supply Chain Solutions, adding a prestigious automotive client to its portfolio. The partnership is likely to enhance the company's reputation in the automotive logistics sector and potentially open doors for similar opportunities with other major automotive manufacturers.

This development aligns with the growing trend of automotive companies outsourcing their logistics and warehouse management operations to specialized service providers, allowing them to focus on their core manufacturing activities while ensuring efficient supply chain operations.

TVS Supply Chain Solutions Limited has received a tax order from the Assistant Commissioner of Central Tax, Karnataka State, totaling ₹1.61 crores related to FY 2018-19 tax compliance issues. The company disclosed this development on December 31, 2025, pursuant to Regulation 30 of SEBI Listing Regulations.

Tax Order Details

The order was received on December 30, 2025, and pertains to violations related to short payment of reverse charge liability and availment of ineligible credit for the financial year 2018-19. The tax authority has imposed comprehensive charges across multiple components.

Nature of Violations

The Assistant Commissioner of Central Tax has passed the order on specific grounds related to GST compliance issues. The violations identified include:

• Short payment of reverse charge liability for FY 2018-19
• Availment of ineligible input tax credit during the same period

These issues relate to the company's tax compliance practices from over six years ago, indicating the extended timeline for tax assessments and orders.

Company's Response and Impact Assessment

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

The management plans to file an appropriate response and appeal the order before the relevant authorities within the prescribed timelines. This approach suggests the company intends to contest the tax demand through proper legal channels.

Regulatory Compliance

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events that could impact investor decisions.

The company secretary, P D Krishna Prasad, signed the disclosure digitally on December 31, 2025, ensuring compliance with regulatory requirements for timely disclosure of significant developments.