TVS Supply Chain Solutions Limited has disclosed receiving a significant tax demand order from Bihar State Tax Authority, marking a regulatory development that requires investor attention.

Tax Demand Details

The Assistant Commissioner of Bihar State Tax Authority has passed an order against the company for FY2021-22, alleging excess availment of input tax credit and short payment of tax liability. The company received this order on December 9, 2025.

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 financial, operational, or other activities. The logistics company has outlined its planned course of action to address the regulatory order.

The company will be filing an appropriate response and plans to appeal the order before the relevant authorities within the prescribed timelines. This approach suggests the company intends to contest the allegations made by the tax authority.

Regulatory Compliance

The disclosure was made pursuant to 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 order specifically relates to alleged violations during FY2021-22, involving excess availment of input tax credit and short payment of tax liability. Such tax disputes are common in the logistics sector, where companies often deal with complex GST compliance requirements across multiple states.

Next Steps

The company's management has committed to pursuing legal remedies through the appropriate appellate channels. The outcome of such appeals can vary significantly, and resolution may take considerable time depending on the complexity of the case and the appellate process.

TVS Supply Chain Solutions Limited (TVSSCS) has announced a significant investment decision, demonstrating its commitment to business expansion. The company's Board of Directors has approved an investment of up to Rs 100 crores (Rs 1 billion) in its wholly-owned subsidiary, FIT3PL Warehousing Private Limited (FIT3PL).

Investment Details

About FIT3PL Warehousing Private Limited

FIT3PL, a wholly-owned subsidiary of TVSSCS, operates in the 3PL (Third-Party Logistics) and Warehousing industry. Here's a snapshot of the company:

Strategic Implications

This investment decision represents a significant move by TVS Supply Chain Solutions to strengthen its position in the logistics and warehousing sector. By injecting substantial capital into FIT3PL, TVSSCS aims to expand its operational capabilities and potentially capture a larger market share in the growing 3PL industry.

The investment is structured to be made in one or more tranches, providing flexibility in the capital deployment strategy. This approach allows TVSSCS to align the investment with FIT3PL's growth trajectory and market conditions.

Corporate Governance

The investment decision was made during a Board of Directors meeting held on December 9, 2025. The meeting, which commenced at 05:30 P.M. (IST) and concluded at 07:30 P.M. (IST), adhered to the regulatory requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This strategic move by TVS Supply Chain Solutions underscores the company's focus on expanding its logistics and warehousing capabilities. As the demand for efficient supply chain solutions continues to grow, this investment could potentially position TVSSCS for enhanced market competitiveness and long-term growth in the logistics sector.