TVS Srichakra Limited — Others, 01-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

TVS Srichakra has received a Demand-cum-Show Cause Notice from the Additional Commissioner of CGST, Dehradun, alleging GST liability of Rs. 65.38 Cr related to discrepancies between GSTR-3B returns and E-way bills for FY 2018-19 to 2020-21. The demand includes tax and penalty components. The company believes the notice lacks merit, citing reconciliations already submitted, and does not anticipate any material financial impact. TVS Srichakra plans to file a detailed response to contest the notice. This development is important for shareholders as it concerns potential tax liabilities under dispute.