TVS Srichakra Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
TVSSRICHAK · price
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TVS Srichakra has received an order dated 29 December 2025 from the Joint Commissioner of CGST, Dehradun, confirming a GST demand against the company. The demand stems from a mismatch between GSTR-3B returns and e-way bills for financial years 2018-19, 2019-20 and 2020-21. The original show-cause notice had sought Rs. 65.38 crore (Rs. 37.55 crore tax + Rs. 27.84 crore penalty), but after the company's reply, the final order reduced the demand to Rs. 55.11 crore (Rs. 27.55 crore tax + Rs. 27.56 crore penalty). The company says there is no impact on operations or other activities and plans to file an appeal within the 90-day window.
This is a negative development for shareholders as the company faces a potential cash outflow of up to Rs. 55.11 crore if the appeal fails, though the company retains the right to appeal and the amount is not immediately payable. Investors should watch for the appeal outcome and any provisioning the company makes in upcoming quarterly results.