TVS Supply Chain Solutions Limited — M&A Activity 2026

May 22, 2026

TVS Supply Chain Solutions

May 22, 2026

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

Further to our earlier communication dated January 28, 2026, FIT 3PL Warehousing Private Limited (“FIT 3PL”), a wholly owned subsidiary of TVS Supply Chain Solutions Limited has made an investment of Rs. 59,56,43,370 (Rupees Fifty Nine Crore Fifty Six Lakh Forty Three Thousand Three Hundred and Seventy Only) (“Primary Investment”) in Swamy & Sons 3PL Private Limited (“Target Entity”) to facilitate business expansion and strengthen the capabilities in Fast-Moving Consumer Goods & Fast-Moving Consumer Durables, pursuant to the execution of the definitive agreements for proposed acquisition of 100% of the paid-up share capital of the Target Entity by way of combination of primary and secondary acquisition of securities. The Target Entity has allotted 40,000 equity shares to FIT 3PL pursuant to the Primary Investment.

The details required under Regulation 30 read with Schedule III of SEBI Listing Regulations is enclosed as Annexure A.

Request you to take the above information on record.

Thanking You,

Yours faithfully,

For TVS Supply Chain Solutions Limited

PADOOR
DORASWAMI
KRISHNA PRASAD
Digitally signed by
PADOOR DORASWAMI
KRISHNA PRASAD
Date: 2026.05.22 19:29:52
+05'30'

P D Krishna Prasad

Company Secretary

TVS Supply Chain Solutions Limited

Corporate Office: Tamarai Tech Park, South Block, 3rd Floor, No.16, SP Developed Plot, Jawaharlal Nehru Road, Industrial Estate, Guindy, Chennai - 600 032, India. Phone: +91 - 44 - 3088 2400 / 4098 0300
Registered Office: No: 10, Jawahar Road, Chokkikulam, Madurai - 625002, India.
CIN: L63011TN2004PLC054655

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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 | Tranche 1 for subscription of 40,000 equity shares of the Target Entity by FIT 3PL has been completed resulting in FIT 3PL holding 80% of the paid-up share capital of the Target Entity.

The acquisition of the remaining share capital of the Target Entity will be completed on or before 30th September 2027 upon completion of the secondary acquisition of all equity shares held by the founding shareholder(s) of the Target Entity (“Tranche 2”), post which FIT 3PL shall hold 100% of the paid-up share capital of the Target Entity. |
| g) | Consideration - whether cash consideration or share swap or any other form and details of the same | Cash Consideration |

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h)	Cost of acquisition and/or the price at which the shares are acquired	Consideration of INR 59,56,43,370 has been paid by FIT 3PL for the Primary Investment.
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.