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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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