Tvs Supply Chain Solutions Limited has informed the Exchange about Action(s) taken or orders passed

TVS SCS Global Freight Solutions Ltd (TVS SCS GFS), a wholly owned subsidiary of TVS Supply Chain Solutions Limited, received an 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 is not expected to have a material impact on its financials or operations and will file an appeal before the appropriate authority within prescribed timelines.