TVS Srichakra Limited has received a significant CGST order from tax authorities, confirming a demand of ₹55.11 crores related to alleged GST liability spanning three financial years. The company disclosed this development through a regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

CGST Order Details

The Office of the Joint Commissioner of CGST, Dehradun, Meerut, Uttarakhand, issued the order dated December 29, 2025, which was received by the company on the same day via registered email. This order follows an earlier Demand cum Show Cause Notice dated June 30, 2025, issued by the Additional Commissioner of CGST, Dehradun.

Financial Impact Breakdown

The GST demand relates to alleged liability arising from mismatch between GSTR-3B returns and e-way bills for financial years 2018-19, 2019-20, and 2020-21. The original demand raised in the show cause notice was significantly higher than the final confirmed amount.

Company Response and Next Steps

TVS Srichakra Limited has indicated its intention to challenge the order through the appellate process. The company plans to file an appeal within the statutory time limit of 90 days.

Key aspects of the company's position include:

• Filing an appeal within the 90-day timeline
• No impact on current operations or other business activities
• Financial impact will be quantifiable only upon disposal of the appeal

Operational Impact Assessment

The company has clarified that this CGST order does not affect its operational activities or other business functions. The manufacturing operations at Vellaripatti, Melur Taluk, Madurai, continue without disruption. The final financial impact will depend on the outcome of the planned appeal process, which the company expects to initiate within the prescribed timeline.

This disclosure represents the company's compliance with regulatory requirements for material events that could impact stakeholder interests. The matter pertains to historical periods and does not reflect current GST compliance practices of the company.

TVS Srichakra Limited , the parent company of Eurogrip Tyres, has made significant moves in the global two-wheeler tyre market with product launches and exhibitions at major international events. The company showcased its expanding product portfolio at both EICMA in Milan and Automechanika Dubai, reinforcing its commitment to innovation and global expansion in the tyre segment.

New Product Launch at EICMA

Eurogrip Tyres introduced two new product lines at the prestigious motorcycle exhibition in Milan:

1. Trailhound Wild: Designed for medium and large enduro motorcycles
2. Bee Wild: Engineered for scooters

These new offerings are part of Eurogrip's latest range of adventure and scooter tyres, showcasing the company's focus on diversifying its product lineup.

Key Features of the New Tyre Range

Both tyre models incorporate advanced features such as:

• Optimal land/sea ratio tread pattern for enhanced traction
• Balanced silica compound for improved wet grip
• High-quality synthetic fiber structure

Eurogrip's Global Presence

The launch at EICMA marked Eurogrip's fifth consecutive year of participation in the event. The company showcased its expanding global product lines, including:

• Bee Connect
• Protorq Extreme
• Climber
• Roadhound
• Trailhound SCR and STR
• Bee Volt
• Bee Sport

These products cater to various segments, including Global Scooters, Hi-Performance Sport Bikes, Enduro/Motocross, Sport Touring, Trail, and Electric vehicles.

Automechanika Dubai Participation

Further expanding its global footprint, TVS Srichakra's Eurogrip brand displayed its premium range of two and three-wheeler tyres at Automechanika Dubai. This marked the company's third participation in this global automotive aftermarket trade show. The exhibition featured:

• New product lines including trail range tyres
• Prototypes of upcoming products
• A showcase aimed at strengthening Eurogrip's presence across West Asia, Africa, and Gulf countries

Management Commentary

Mr. T. K. Ravi, Chief Operating Officer of TVS Srichakra Ltd., emphasized the company's focus on building trust through performance and its commitment to establishing Eurogrip as a global Bike Tyre Specialist.

Mr. V. Sivaramakrishnan, Chief Technology Officer, highlighted the company's R&D efforts, stating that the new products utilize "new generation polymers in the compounds, multizone tread, and an innovative tread design."

Market Implications

TVS Srichakra's strong presence at both EICMA and Automechanika Dubai signals the company's ambitions to expand its global footprint in the two-wheeler tyre market. The focus on innovation and diverse product offerings could potentially strengthen its position in both domestic and international markets, particularly in West Asia, Africa, and Gulf countries.

Conclusion

TVS Srichakra's latest product launches and international exhibitions demonstrate the company's commitment to innovation and global expansion. As the two-wheeler market continues to evolve, especially with the growing popularity of adventure bikes and electric scooters, Eurogrip's new tyre range and strategic global presence position the company to capitalize on these trends.

Investors and market watchers may want to monitor how these strategic moves impact TVS Srichakra's market share and financial performance in the future, particularly in the targeted international markets.