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99900000.00 0.00 0.00 0.00 0.00 99900000.00 219100000.00 319000000.00 95600000.00 4300000.00 301200000.00 17800000.00 440100000.00 1 0.22 0.22 0.00 0.00 0.22 0.22 1) The above consolidated financial results of TVS Supply Chain Solutions Limited (the Holding Company or the Company ), its subsidiaries (the Holding Company along with subsidiaries together referred to as the Group ) and joint venture have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meeting held on February 5, 2024. The statutory auditors have conducted a limited review of these consolidated financial results. 2) The figures for the quarter and nine months ended December 31, 2022 has neither been reviewed nor audited by the Statutory auditor of the Company. However, the management has taken necessary care and diligence to ensure that the financial results are fairly stated. 3) The figures for the year ended March 31, 2023 has been extracted from the general purpose financial statements which was audited by the Statutory auditor of the Company. 4) The Unaudited Consolidated Financial Results of the Group have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 5) The Company has completed an Initial Public Offer ( IPO ) of 44,670,050 Equity Shares at the face value of Rs.1/- each at an issue price of Rs.197/- per Equity Share, comprising of offer for sale of 14,213,198 shares by Selling Shareholders and fresh issue of 30,456,852 shares. The Equity Shares of the Company are listed on BSE Limited ( BSE ) and National Stock Exchange of India limited ( NSE ) on August 23, 2023. 6) Details of the exceptional items are as follows: a) On September 29, 2023, the Group had disposed off its step-down subsidiary Circle Express Limited, UK (Circle Express) to an identified buyer for an aggregate consideration of GBP 2.1 million as a strategic sale. Net loss on such disposal amounting to Rs.38.53 Crores has been disclosed an exceptional item in the financial results for the quarter ended 30 September 2023. The Group had treated Circle Express as a discontinued operation and the financial results of Circle Express were separately disclosed from continuing operations. The financial results of Circle Express for the quarter ended September 30, 2023, quarter and nine months ended December 31, 2022 and the year ended March 31, 2023 have been restated in accordance with Ind AS 105 - Non-current assets held for sale and discontinuing operations. 7) The Board of Directors at its meeting held on February 5, 2024, has accorded its approval to the draft Scheme of Amalgamation which provides for the merger of TVS SCS Global Freight Solutions Limited, White Data Systems Private Limited, SPC International (India) Private Limited and FLEXOL Packaging (India) Limited which are wholly owned subsidiaries of the Company, and Mahogany Logistics Services Private Limited (formerly known as ‘DRSR Logistics Services Private Limited’) with and into TVS Supply Chain Solutions Limited. The Scheme would be subject to the sanction and approval of the National Company Law Tribunal, the relevant stock exchanges and shareholders. The Scheme when approved by all the regulatory authorities and relevant stakeholders will be accounted for in accordance with Indian Accounting Standards (“Ind AS”). 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