TVS Electronics Limited has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026. The disclosure pertains to material pending litigation details as required by the regulatory framework.
Details of Litigation
- Opposing Party: Deputy Commissioner, Uttarakhand GST Authority
- Nature of Dispute: Show Cause Notice issued under Section 73(1) of CGST/Uttarakhand GST Act & Rules 2017
- Tax Period: April 2022 to March 2023
- Allegation: Excess availment of Input Tax Credit (ITC)
Financial Implications
- Expected Financial Impact: ₹1,75,34,463 (including interest and penalty)
- Quantum of Claims: 1
Current Status
The company is in the process of filing the reply to the Show Cause Notice. No further developments in the proceedings have been reported at this time.