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TVS Electronics Limited has disclosed material pending litigation relating to a tax demand from the Office of Deputy Commissioner of State Tax in Gurugram, Haryana. The initial demand for the financial year 2020-21 was Rs. 73.20 L, but after the company's response, this was reduced to Rs. 23.12 L, including interest and penalties. The company plans to appeal this decision. This litigation could affect operational cash flow depending on the outcome, and investor sentiment may be cautious given the potential financial implications, though the reduced claim suggests a less severe risk.