TVS Supply Chain Solutions Limited — M&A Activity 2026

Jan 28, 2026

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January 28, 2026

BSE Limited National Stock Exchange of India Limited 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor, Rotunda Bldg., P. J. Towers, Plot No. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 543965 NSE Symbol: TVSSCS

Dear Sir/Madam,

Sub: Intimation under Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”).

Pursuant to the provisions of Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the board of directors of FIT 3PL Warehousing Private Limited (“ FIT 3PL ”), a wholly owned subsidiary of TVS Supply Chain Solutions Limited has, on 28 January 2026, approved the execution of definitive agreements for the proposed acquisition of 100% of the paid-up share capital of Swamy & Sons 3PL Private Limited (“ Target Entity ”) by way of a combination of primary and secondary acquisition of securities (“ Proposed Transaction ”).

The relevant particulars of the Proposed Transaction as received by the Company from the board of directors of FIT 3PL are enclosed as Annexure A hereto.

A copy of the Press Release in this regard is also attached herewith.

Request you to take the above information on record.

Thanking You,

Yours faithfully,

For TVS Supply Chain Solutions Limited

Digitally signed by KRISHNA KRISHNA PRASAD P D PRASAD P D Date: 2026.01.28 15:57:07 +05'30' P D Krishna Prasad

Company Secretary

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Annexure A

#	PARTICULARS	DETAILS
a)	Name of the target entity, details in brief such as size, turnover etc.	Name of the Target Entity: Swamy & Sons 3PL Private Limited Brief Details: The Target Entity, is a newly incorporated company formed by Swamy Sons Group headquartered in Hyderabad, to acquire the business undertakings of Swamy Sons Group, consisting of (i) Swamy Sons (Agencies) Private Limited, (ii) Sovereign Enterprises, a partnership firm, and (iii) Crystal Marketing Corporation, a partnership firm (collectively, the “Business Undertakings”), prior to investment by FIT 3PL. Turnover of the Business Undertakings (on a consolidated basis): FY 2024 - 25: INR 207.1 crores
b)	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”	No. The promoters / promoter group does not have any interest in the transaction.
c)	Industry to which the entity being acquired belongs	Third Party Logistics (3PL)
d)	Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	Object:To facilitate business expansion and strengthen the capabilities in FMCG & FMCD. Impact:Revenue and profit growth due to business expansion.
e)	Brief details of any governmental or regulatory approvals required for the acquisition	Not Applicable
f)	Indicative time period for completion of the acquisition	The Proposed Transaction will be consummated in 2 (two) tranches in the following manner: (i) Tranche 1 is expected to be completed on or before 28thMay 2026. Upon completion of Tranche 1, FIT 3PL shall hold 80% of the paid-up share capital of the Target Entity. Tranche 1 shall be effected by way of a subscription to equity shares of the Target Entity. (ii) Tranche 2 is expected to be completed on or before 30thSeptember 2027. Upon completion of Tranche 2, FIT 3PL shall hold 100% of the paid-up share capital of the Target Entity. Tranche 2 shall be effected by way of secondary acquisition of all equity shares held bythe foundingshareholder(s)of the Target Entity.

g)	Consideration - whether cash consideration or share swap or any other form and details of the same	Cash Consideration
h)	Cost of acquisition and/or the price at which the shares are acquired	The consideration payable by FIT 3PL for the Proposed Transaction is as follows: (i) Tranche 1: INR 70.4 crores, subject to net debt and working capital adjustments set out in the definitive agreements. (ii) Tranche 2: INR 17.6 crores, subject to adjustments as set out in the definitive agreements.
i)	Percentage of shareholding / control acquired and / or number of shares acquired	Please refer to our disclosure in paragraph (f) above.
j)	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief)	(i) Name of Target Entity: Swamy & Sons 3PL Private Limited. (ii) Line of Business: 3PL and Warehousing upon purchase of the Business Undertakings by the Target Entity. (iii) Date of Incorporation: 28/11/2025 (iv) Turnover (last 3 years): Since the Target Entity is a newly incorporated company, turnover details do not apply to the Target Entity. The turnover details of the Business Undertakings (on a consolidated basis) are set out below: FY 2022 – 23: INR 215.4 crores FY 2023 – 24: INR 210.3 crores FY 2024 – 25: INR 207.1 crores (v) Country Presence: India.

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Press release

TVS SCS announces strategic acquisition to strengthen FMCG Supply Chain Leadership in India

• Acquires ‘Swamy & Sons 3PL’ with strong capabilities and marquee customers in FMCG and FMCD sectors

Chennai, 28 January 2026: TVS Supply Chain Solutions Limited (NSE: TVSSCS, BOM: 543965), one of India’s largest and fastest growing integrated supply chain solutions providers, today announced the strategic acquisition of a Hyderabad-based 3PL company, ‘Swamy & Sons 3PL’ (S&S3PL), with a well-established operating footprint coupled with marquee customer relationship in the FMCG & FMCD sectors and with a strong presence in Andhra Pradesh and Telangana.

The acquisition is done through TVS SCS’ wholly owned subsidiary, FIT 3PL, for an enterprise value of ₹88 crore. The acquisition will be funded through internal accruals. S&S3PL registered an annual revenue, for FY25, of ₹207 crore, and a Profit Before Tax (PBT) of 3.2%.

Over the years, S&S3PL has built deep domain expertise in FMCG logistics and serves a portfolio of leading customers across the country. Its proven capabilities in managing high-volume, timesensitive supply chains have established the company as a preferred partner for leading FMCG brands.

strengthening its position as a key solution provider in the FMCG and FMCD segments. The transaction adds to the company’s national scale and enhances sectoral coverage and regional execution capabilities in critical consumption-led markets. Also, strengthens TVS SCS’ distribution and last-mile service capabilities, across high-growth markets, especially in, Telangana and Andhra Pradesh, enabling seamless coverage.

The acquisition will:

• Provide TVS SCS with a strong and immediate foothold in the FMCG logistics space

• Expand its customer base to include leading Indian FMCG and FMCD customers and provide them with the necessary footprint in other geographies

• Strengthen its service capabilities with enhanced regional depth in Andhra Pradesh and Telangana

• scale leveraging TVS SCS’ 20 million sq. ft. warehousing space

• Further consolidate TVS SCS’ leadership position in the Indian supply chain services market

Commenting on the acquisition, K Sukumar, CEO – TVS SCS India, Middle East & Africa , said, “This acquisition is a strategic step in our journey to further strengthen our high-performance supply chain platform in India. S&S3PL’s deep expertise in FMCG supply chains, strong geographic reach, and market leadership in Andhra Pradesh and Telangana enhance our ability to serve large customers. The acquisition positions TVS SCS to be among the top warehousing 3PL service providers in India, and our upstream capabilities enable us to service third-party dark stores at scale.”

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Commenting on the acquisition, Arun Swamy, Promoter, Swamy & Sons said, "This is an exciting development for S&S3PL. We have been at the forefront of customer service for over 35 years in this important market of Telangana and Andhra Pradesh. Becoming part of TVS SCS provides S&S3PL’s customers and employees the scale, systems and governance of a leading global supply chain organisation, as well as the ability to take the organisational capabilities forward into other geographies in India, thereby powering the next phase of growth.”

Mr. Arun Swamy, will continue to lead the organisation and support customers through a smooth ownership transition, while continuing to drive customer retention and growth.

About TVS Supply Chain Solutions

Promoted by the erstwhile TVS Group and now part of TVS Mobility Group, TVS Supply Chain Solutions Limited (‘TVS SCS’ or ‘Company’) is an India-based multinational company that pioneered the development of the supply chain solutions market in India. For the last two decades, TVS SCS has managed large and complex supply chains across multiple industries in India and in key global markets through customised tech-enabled solutions. The Company’s customers span across numerous industries such as automotive, industrial, consumer, tech and tech infra, rail and utilities, and healthcare. The company operates in 25 countries with over 17,000 employees and works with 91 Fortune Global 500 customers.

For more details, please visit https://www.tvsscs.com/ LinkedIn: TVS Supply Chain Solutions

For further information, please contact :

Praneetha Selvaraj Shamitha Hegde Corporate Communications - TVS SCS Adfactors PR Email: praneetha.selvaraj@tvsscs.com Email: shamitha.hegde@adfactorspr.com Phone: 93842 73607 Phone: 90031 07361