Announced Fri, 24 Apr · 15:58 IST
Income Tax order: ₹8.98 cr demand received; company to appeal
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TVSSCS · price
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Price reaction · full curve 14 horizons · vs prior close
+3.2%1-day move
₹114.00
prior close
₹115.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.2+0.2+0.6+3.2+0.7+0.4+2.9+0.4+7.2-2.0+6.6+15.6+20.0
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AI summary
TVS Supply Chain Solutions received an order from the Income Tax Assessment Authority dated April 23, 2026, under Section 143(3) read with Section 144C(3), raising a tax demand of ₹8.98 crores on account of disallowed expenses and transfer pricing adjustments. The company stated this demand is not expected to have a material impact on its financials or operations, and will file an appeal within the prescribed timelines.
Likely market impact
Tax demand of ₹8.98 cr deemed not material by company; appeal planned. Minimal expected impact on stock or operations.