NSEAction(s) initiated or orders passed8 Sept 2026 · 8 Sept 2026, 09:11 pm
Action(s) initiated or orders passed
Lemon Tree Hotels Limited · LEMONTREE
✦ AI SummaryRegulatory
Lemon Tree Hotels Limited's subsidiary, Berggruen Hotels Private Limited, has received a notice from the Deputy Commissioner of Commercial Taxes, Bengaluru, regarding tax, interest, and penalty payable under GST for FY 2022-23. The notice alleges non-compliance with GST regulations, including mismatch in turnover reporting, non-submission of purchase register and invoices, and non-substantiation of nil-rated/exempt turnover. The company intends to file a response/objection within the prescribed timeline and take further legal recourse if necessary.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment4/10
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Full Announcement
Lemon Tree Hotels Limited has informed the Exchange about Action(s) initiated or orders passed
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LEMONTREE_08092026210541_Intimation.pdf
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September 8, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers
Bandra (East) Dalal Street,
Mumbai – 400 051 Mumbai – 400 001
Name of Scrip: LEMONTREE BSE Scrip Code: 541233
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Dear Sir/ Madam,
This is to inform you that M/s Berggruen Hotels Private Limited, a material subsidiary of
the Company, has received an intimation in Form GST DRC-01A from the Office of the
Deputy Commissioner of Commercial Taxes, (Audit), Bengaluru on September 8, 2026,
ascertaining tax, interest and penalty proposed to be payable under Section 73(5) of
KGST/CGST Act, 2017 for the FY 2022-23.
The information as required under Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, on the above
mentioned order is enclosed as Annexure A.
Please take the above intimation on record.
Thanking you
For Lemon Tree Hotels Limited
Pawan Kumar Kumawat
Company Secretary
& Compliance Officer
M. No: A25377
Encl: a/a
Lemon Tree Hotels Limited
CIN No. L74899HR1992PLC140546
Reg. Office: Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011
Corporate Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037
T +91 124 714 2310 | E hi@lemontreehotels.com
Central Reservation: +91 9911 701 701| www.lemontreehotels.com
Annexure A
Sr. Details of Events that need to
Information of such events
No. be provided
i. Name of the Authority Office of the Deputy Commissioner of
Commercial Taxes, (Audit) at Bengaluru
ii. Nature and details of the action(s) FORM GST DRC-01A issued by the
taken or order(s) passed Authority ascertaining Goods and Service
Tax (GST), Interest and Penalty payable for
FY 2022-23.
GST – Rs. 2,94,01,042/-
Interest – Rs. 2,31,26,135/-
Penalty – Rs. 37,65,546/-
iii. Date of receipt of direction or order, The intimation, dated September 7, 2026,
including any ad-interim or interim was received by the Subsidiary on
orders, or any other communication September 8, 2026.
from the Authority
iv. Details of the violation(s)/ M/s Berggruen Hotels Private Limited has
contravention(s) committed or been subject to tax demands for FY 2022-
alleged to be committed 23 arising from certain GST compliance
matters, including: (i) a mismatch between
the turnover reported in GSTR-3B and
GSTR-1, resulting in an alleged short
declaration of taxable turnover; (ii) non-
submission of purchase register and
supporting invoices to substantiate the
Input Tax Credit (ITC) claimed; (iii) non-
submission of ageing and payment details
in respect of outstanding trade payables,
resulting in proposed reversal of ITC
pertaining to amounts remaining unpaid
beyond 180 days; (iv) non-substantiation
of nil-rated/exempt turnover reported in
GSTR-1, which was consequently treated
as taxable turnover; and (v) non-
substantiation of scrap sale income,
resulting in an alleged non-discharge of the
applicable GST liability.
Lemon Tree Hotels Limited
CIN No. L74899HR1992PLC140546
Reg. Office: Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011
Corporate Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037
T +91 124 714 2310 | E hi@lemontreehotels.com
Central Reservation: +91 9911 701 701| www.lemontreehotels.com
Sr. Details of Events that need to
Information of such events
No. be provided
v Impact on financial, operation or There is no material impact on financial
other activities of the listed entity, operation except to the extent of amount
specified in point no. ii. above.
quantifiable in monetary terms to the
extent possible
Berggruen Hotels Private Limited is
evaluating the grounds raised in the
intimation and intends to file its
response/objections in Part B of Form GST
DRC-01A within the prescribed timeline of
September 21, 2026, and will take such
further legal recourse as may be advised,
in the event a Show Cause Notice or
adjudication order is subsequently issued.
Lemon Tree Hotels Limited
CIN No. L74899HR1992PLC140546
Reg. Office: Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011
Corporate Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037
T +91 124 714 2310 | E hi@lemontreehotels.com
Central Reservation: +91 9911 701 701| www.lemontreehotels.com