TVS Srichakra has informed that pursuant to the rectification application submitted by the Company, the Deputy Commissioner of Income Tax, vide order dated 29th April 2026 (received by the Company via email on 7th May 2026), has rectified the tax demand and reduced it from ?29,47,06,740 to ?3,11,10,474 (comprising Tax Portion). The Company will further evaluate the order and shall take an appropriate action as deemed necessary. There is no material impact on the financial position, operations or other activities of the Company arising out of the aforementioned order. The Company had additionally filed an appeal against the Original Order dated 26th March 2026, before the Commissioner of Income Tax (Appeals). The said appeal is pending for hearing. This disclosure is being made by the Company in compliance with Regulations 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
The above information is a part of company’s filings submitted to BSE.
