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India Ratings has affirmed the issuer rating of TVS Supply Chain Solutions at IND AA with a stable outlook, and maintained the IND A1+ rating on its fund-based and non-fund-based limits, while assigning a new IND A1+ rating to additional non-fund-based limits of INR 300 million. The affirmation reflects the company’s stable credit profile supported by consistent operational performance and prudent working capital management, despite a slight reduction in working capital limits from INR 672 Cr to INR 642 Cr. The stable outlook signals steady financial health and adequate liquidity. These ratings underpin the company’s access to competitive borrowing costs and strengthen investor confidence, supporting its strategic funding flexibility going forward.