How to read filename from list and move it after renaming

See more:

Linux

I have a list file called demo.lst which has a filename demo_one_two_20210203_XM3304.csv. I am looking for a one line command or multiple commands in single line which will read the filename from the list file and move it to a destination by renaming it as shown below.

List File :demo.lst
Contents of List File :demo_one_two_20210203_XM3304.csv
Source File Name :demo_one_two_20210203_XM3304.csv
Target Location: \incc\demo\target
Target File : demo_one_two_20210203.csv

I am using xargs -a demo.lst mv -t incc\demo\target; which is moving the file as is without trimming everythin after _XM. I want to trim everything after _XM while moving the file and append it with .csv

What I have tried:

I am using xargs -a demo.lst mv -t incc\demo\target; which is moving the file as is without trimming everythin after _XM. I want to trim everything after _XM while moving the file and append it with