The Board of TVS Supply Chain Solutions Limited has informed the exchange regarding the resignation of Mr. Ravi Viswanathan, Director of the Company and stepping down as Managing Director ....
TVSSCS · price
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TVS Supply Chain Solutions Limited held its Board meeting on May 25, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. The company reported consolidated revenue of Rs 11,003 crore for FY26, up 10% from Rs 9,996 crore in FY25. Profit after tax stood at Rs 117 crore compared to a loss of Rs 9.64 crore in the previous year. Mr. Ravi Viswanathan resigned as Director and Managing Director effective June 30, 2026. The Board appointed Mr. Vikas Chadha, currently Global CEO, as the new Managing Director effective July 1, 2026, subject to shareholder approval. Exceptional items of Rs 91.29 crore were recognized for restructuring costs under 'Project One' and Rs 14.34 crore for new labour code implementation.
The leadership transition from Ravi Viswanathan to Vikas Chadha represents a significant governance change. The company returned to profitability with strong revenue growth, though investors should note the substantial restructuring charges and monitor the new leadership's strategic direction.