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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.6%1-day move

₹3925.00

prior close

₹3938.60

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0-0.5-0.4-3.6-5.7-5.3-5.7-8.6-8.3+0.3+1.2+5.0—

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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.