BSECompany Update3d ago · 2 Sept 2026, 02:52 pm

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Mahindra Holidays & Resorts India Ltd · 533088

✦ AI SummaryRegulatory

Mahindra Holidays & Resorts India Ltd has received a Show Cause Notice from the Assistant Commissioner of Commercial Taxes (Audit), Madikeri, demanding Rs. 9,78,36,455 for FY 2022-23, including tax, interest, and penalty, under provisions of Karnataka Goods and Services Tax Act, 2017 & Central Goods and Service Tax Act, 2017.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Mahindra Holidays & Resorts India Ltd - 533088 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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2nd September 2026 MHRIL/SE/26-27/45 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block, Floor 25, PJ Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400051. Mumbai – 400001. Symbol: MHRIL Scrip Code: 533088 Dear Sir / Madam, Sub.: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Pursuant to Regulation 30 read with Para B (8) of Part A of Schedule III of the SEBI Listing Regulations read with Industry Standards notified by SEBI vide Circular dated on 25th February 2025, we hereby inform you that the Company has received a Show Cause Notice (“SCN”) from the Assistant Commissioner of Commercial Taxes (Audit), Madikeri on 1st September 2026 at 5:41 p.m. (IST). The details of the said SCN as required under Clause 8 of Para B of Part A of Schedule III of the SEBI Listing Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026 is enclosed as “Annexure A”. The aforesaid information is also being disclosed on the website of the Company at: https://www.clubmahindra.com/investors/investor-information. Kindly take the same on record. Yours faithfully, For Mahindra Holidays & Resorts India Limited Mansi Laheri Company Secretary Membership No: A21561 Encl.: a/a Annexure A Sr. Details of Events that Information of such events(s) No. need to be provided A Brief details of litigation Authority: Assistant Commissioner of Commercial Taxes (Audit), viz. name(s) of the Madikeri (the “Authority”) opposing party, court/ tribunal / agency where The Company has received Show Cause Notice (“SCN”) from the litigation is filed, brief Authority via email dated 1st September 2026, demanding an details of dispute / amount of Rs. 9,78,36,455 for FY 2022-23 (including tax of litigation; Rs. 6,23,44,203, interest of Rs. 2,92,07,832 and penalty of Rs. 62,84,420) under provisions of Karnataka Goods and Services Tax Act, 2017 & Central Goods and Service Tax Act, 2017 inter-alia, on account of ITC claimed in GSTR-3B, ineligible ITC availed and tax discharged on supplies reported under GSTR- 7 and GSTR-8. B Expected financial Based on the Company’s assessment, the said SCN is not implications, if any, due to expected to have any material financial impact on the Company. compensation, penalty etc.; The Company is taking necessary steps in this regard before the appropriate authority. C Quantum of claims, if any; As stated in Point A above.