Tvs Supply Chain Solutions Limited has informed the Exchange regarding Change in Auditors of the company.
TVSSCS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TVS Supply Chain Solutions' board approved the appointment of Deloitte Touche Tohmatsu India LLP as the new Internal Auditor for FY 2025-26, replacing the previous internal auditor. The statutory auditor, S.R. Batliboi & Associates LLP, remains unchanged. The board also approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). On a consolidated basis, revenue from operations rose modestly to ₹2,592.31 crore from ₹2,539.39 crore a year ago. Profit after tax jumped to ₹71.16 crore (vs ₹7.47 crore), but this was boosted by a one-time gain of ₹177.23 crore from its share in the TVS Infrastructure Trust (units listed on NSE on July 7, 2025) and weighed down by an exceptional restructuring charge of ₹91.29 crore under 'Project One' (UK and Europe cost rationalisation). Standalone profit was a modest ₹3.30 crore.
The headline number looks strong but is driven by a one-time JV gain and offset by a large restructuring charge, so underlying operational performance is mixed. The internal auditor change to a Big Four firm (Deloitte) is a routine governance upgrade and should not affect the stock materially.