TVS SUPPLY CHAIN SOLUTIONS : INCOME TAX ORDER IMPOSES RS 0.84 CR PENALTY

• The company has received an order from the Income Tax Assessment Authority. • The order is issued under Section 270A of the Income Tax Act, 1961 for AY 2017-18. • The company received an order imposing a penalty of ₹0.84 Cr towards transfer pricing adjustment. • The company is filing an appropriate response and appeal before the authorities within the prescribed timelines. • The penalty is not expected to have a material impact on the company's financials, operations or other activities. Impact: Neutral (Procedural filing regarding tax assessment order with no expected material financial impact)

TVS Supply Chain Solutions Ltd

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