Tvs Supply Chain Solutions Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

TVS Supply Chain Solutions Limited has filed an appeal before the Commissioner of Income Tax (Appeals) against a tax order disallowing certain expenses and making transfer pricing adjustments. The Assessment Unit, Income Tax Department had issued the order under Section 143(3) read with Section 144C(3). The disputed tax demand amounts to Rs 8.99 crores. The company has stated that based on the merits of the case, the tax demand is not expected to have a material impact on its financials, operations, or other activities. The company has also taken steps to seek a stay on the demand to protect its cash flows during the pendency of the appeal.