Transport Corporation of India Limited — Important, 30-01-2025: General Updates

The Company received an order from the Office of the Commissioner of Central Tax, demanding ₹1.06 crore (cr) in tax, including interest and penalties, related to its Supply Chain Solutions Division in Karnataka. The demand arises from an alleged excess GST Input Tax Credit claim and short payment of GST. The Company is currently evaluating the situation and, based on its legal counsel's advice, remains optimistic about a favorable resolution at the next adjudication level. Importantly, the Company does not anticipate any material financial impact from this order, suggesting a positive outlook amid the challenge. Shareholders may want to watch closely as the situation develops.