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.
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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.