Income Tax order: ₹8.98 cr demand received; company to appeal

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TVSSCS · price

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

+1.3%Reaction day

₹114.00

prior close

₹115.30

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+2.4%-1.1% vs market

Logistics Solution Provider peers, median of 43sector+1.6%-0.3% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.3 pts less than its Logistics Solution Provider 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

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.3+2.4-1.1+1.6-0.3

Next day

+3.2+2.2+0.9+0.7+2.4

+0.7+2.2-1.5+1.9-1.2

+0.4+1.9-1.4+1.1-0.7

+2.9+3.4-0.5+2.5+0.3

+0.4+3.3-2.9+2.9-2.6

+7.2+6.6+0.6+5.0+2.2

15d

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+6.6+5.6+1.0-1.6+8.2

+15.6+10.4+5.2-0.6+16.2

+20.0+12.1+7.9-3.4+23.4

UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 43Pending

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

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.