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 's Eurogrip brand, a leading manufacturer of two and three-wheeler tyres in India, has made significant strides in expanding its global presence. The company recently showcased its premium product portfolio at two major international platforms: the Expo Moto International Trade Show in Mexico City and the Colombo Motor Show in Sri Lanka.

Key Highlights

• Eurogrip displayed its comprehensive range of 2-wheeler tyres at the Expo Moto International Trade Show in Mexico.
• The company presented its most sought-after radial tyre offerings at the Colombo Motor Show in Sri Lanka.
• This participation signals Eurogrip's expanding presence in Latin American and South Asian markets.

Product Showcase

The international showcases provided an opportunity for Eurogrip to demonstrate its R&D capabilities and advanced tyre technology to customers, dealers, and global partners.

Strategic Importance

T.K. Ravi, Chief Operating Officer of TVS Srichakra Ltd., emphasized the significance of these events, stating, "As we continue to build Eurogrip as a leading global 2-wheeler tyre specialist, we remain committed to earning customer trust through products that deliver performance, reliability, and value. Mexico and Sri Lanka are key markets for us that help strengthen our brand presence in Latin American and South Asian markets."

The participation in these international motor shows aligns with Eurogrip's strategy to strengthen its engagement with customers and partners globally. It allows the company to provide a first-hand experience of its products and showcase the world-class research and development that goes into the making of each product.

About TVS Srichakra Ltd.

TVS Srichakra Limited, the maker of Eurogrip, TVS Eurogrip, and TVS Tyres brands, is a prominent manufacturer and exporter of Two and Three-Wheeler tyres and Off-Highway tyres in India. Key facts about the company include:

• Incorporated in 1982
• Part of the USD 3 Billion TVS Mobility group
• Manufacturing facilities in Madurai (Tamil Nadu) and Rudrapur (Uttarakhand)
• Production capacity of over 3 million tyres a month
• Design center in Milan, Italy, supporting the R&D center in Madurai
• Products available in over 85 countries worldwide

This strategic move to showcase its premium products at international motor shows demonstrates Eurogrip's commitment to expanding its global footprint and reinforcing its position as a leading player in the two and three-wheeler tyre segment.