TVS Electronics Limited — Others, 01-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

TVS Electronics Limited has announced a board meeting to discuss material pending litigation involving the Maharashtra Goods and Services Tax Department. The company received a show cause notice regarding an excess input tax credit claimed for the fiscal year 2020-21. Initially facing a demand of ₹46.54 cr, this has now been reduced to ₹2.02 cr following the company's response. The financial implication is manageable, allowing the company to resolve the matter and close the litigation. This development may lead to a positive outlook among investors, alleviating concerns over previous tax disputes.