TVS SCS Global Freight Solutions Limited, a wholly owned subsidiary of TVS Supply Chain Solutions Limited has received an order from Income Tax Assessment Authority.

TVS SCS Global Freight Solutions Ltd, a wholly owned subsidiary of TVS Supply Chain Solutions Limited, has received a tax assessment order from the Income Tax Assessment Authority under Section 143(3) of the Income Tax Act. The authority found that expenses recorded by the subsidiary were not reported as income by the suppliers. A tax demand of ₹ 6.71 crores has been raised. The company states this demand is not expected to have a material impact on its financials or operations. The subsidiary plans to file an appropriate response and appeal the order before the authorities within the prescribed timelines.