TVS Srichakra Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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TVSSRICHAK · price

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Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹3925.00

prior close

₹3938.60

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.7% vs market

Tyres & Rubber Products peers, median of 16sector-0.4%+1.0% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.0 pts more than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

-0.5

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6-0.1+0.7-0.4+1.0

Next day

-3.6-1.5-2.1-1.5-2.2

-5.7-4.5-1.1-2.8-2.9

-5.3-3.9-1.4-2.4-2.8

-5.7-3.6-2.0-2.4-3.3

-8.6-4.0-4.6-4.6-3.9

-8.3-4.9-3.4-6.1-2.2

15d

+0.3-2.7+3.0-5.4+5.7

+1.2-2.5+3.7-6.9+8.0

+5.0+2.7+2.2-2.8+7.8

+0.7+8.4-7.7-1.1+1.8

UpDownMarket · Nifty Microcap 250Sector · Tyres & Rubber Products peers, median of 16Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

TVS Srichakra received an Income Tax Demand Notice in March 2026 for ₹29.47 crore for FY 2017-18 (AY 2018-19), relating to Section 14A disallowance. The company filed a rectification application, and the Deputy Commissioner of Income Tax has since reduced the demand to ₹3.11 crore—a reduction of over ₹26 crore. The company states there is no material impact on its financial position. Additionally, the company has filed an appeal against the original order before the Commissioner of Income Tax (Appeals), which is currently pending.

Likely market impact

The significant reduction in the tax demand from ₹29.47 crore to ₹3.11 crore is a positive development for the company. The pending appeal adds uncertainty, but the company has indicated no material financial impact, which should limit negative shareholder reaction.