NSEAction(s) taken or orders passed10 Sept 2026 · 10 Sept 2026, 07:14 pm
Action(s) taken or orders passed
Viceroy Hotels Limited · VHLTD
✦ AI Summary▲ PositiveLitigation
Viceroy Hotels Limited has received a favorable order from the Hon'ble High Court of Telangana, setting aside a demand notice from Southern Power Distribution Company of TS Limited for an amount of Rs. 3,55,99,834/- as cross-subsidy surcharge for FYs 2005-06 to 2014-15. The order brings the long-standing litigation to a close in favor of Viceroy Hotels Limited, providing finality and relief to the Company.
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Earnings Impact8/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment9/10
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Viceroy Hotels Limited has informed the Exchange about Action(s) taken or orders passed
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VICEROYHOTELSLTD_10092026191412_disclosure.pdf
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To , Date: 10th September, 2026
The Manager The Manager,
BSE Limited National Stock Exchange of India Limited,
P. J. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex, Bandra
Mumbai-400001 (E), Mumbai- 400051.
(BSE Scrip Code: 523796) (NSE Symbol: VHLTD)
Dear Sir/ Madam,
Unit: Viceroy Hotels Limited
Sub: Disclosure Regulation 30 (13) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 [“Listing Regulations”].
With reference to the subject cited, and in continuation to our disclosure dated 04th March, 2025, it is
informed to the Exchanges that the Company had received a demand notice from Southern Power
Distribution Company of TS Limited on 31-Jan-2025 demanding an amount of Rs. 3,55,99,834/- (Rupees
Three Crores Fifty-Five Lakhs Ninety-Nine Thousand Eight Hundred and Thirty-Four only) as
cross-subsidy surcharge for FYs 2005-06 to 2014-15 vide demand notice Lr. No. SE / OP / CC / HYD /
SAO / AAO / (HT) / JAO(H.T.) / D.No.7077 / 2025. The Hon’ble High Court of Telangana, after examining
the facts and the legal position, held that pursuant to the successful completion of the Corporate Insolvency
Resolution Process (CIRP) and approval of the resolution plan resulting in a change in management, the
Company is entitled to the benefit of immunity under Section 32A of the Insolvency and Bankruptcy Code,
2016.
Accordingly, the Hon’ble High Court of Telangana set aside the demand notice bearing Lr. No.
SE/OP/CC/HYD /SAO/AAO(HT)/JAO (H.T)/D.No.7077/2025 dated 31-Jan-2025. The order effectively
brings the long-standing litigation to a close in favour of Viceroy Hotels Limited, providing finality and
relief to the Company.
The said order has been received by the Company on 10th September, 2026 and it marks an end to litigation
for the said demand notice which has been finally decided in favour of the Company.
Detailed disclosure as per SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated
30-Jan-2026 is enclosed. Kindly also note that this is a material development in the said litigation
subsequent to conclusion of CIRP proceedings in October, 2023.
Thanking you.
Yours faithfully,
For Viceroy Hotels Limited
C. Siva Kumar Reddy
Company Secretary and Compliance Officer
Mem No.: ACS 72022
VICEROY HOTELS LIMITED
CIN: L55101TG1965PLC001048
Regd. Off: 8-2-120/112/88 & 89, Aparna Crest, 3rd Floor, Road No. 2
Banjara Hills, Hyderabad – 500 034, Telangana; Ph: 040 40204383
Website: www.viceroyhotels.in Email: secretarial@viceroyhotels.in
Disclosure by Viceroy Hotels Limited regarding receipt of communication from regulatory,
statutory, enforcement or judicial authority under regulation 30 read with Schedule III of the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 pursuant to SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
dated 30-Jan-2026.
[Regulation 30(13) – Disclosure of communication from regulatory, statutory, enforcement or judicial
authority]
Sr. Particulars Details
1. Name(s) of the opposing party, court/ The Hon’ble High Court of Telangana at Hyderabad
tribunal/agency where litigation is
filed
2. Brief details of dispute/litigation Demand for payment of cross subsidy surcharge for
FYs 2005-06 to 2014-15 for an amount of
Rs. 3,55,99,834/- (Rupees Three Crores Fifty-Five
Lakhs Ninety-Nine Thousand Eight Hundred and
Thirty- Four only) vide letter
Lr.No.SE/OP/CC/HYD/SAO/AAO/(HT)/JAO(H.T.)/
D.No.7077/2025.
The demand was made in accordance with common
order of Hon’ble High Court of Telangana dated
12.02.2020 and order passed by Hon’ble Telangana
Electricity Regulatory Commission (TGERC) dated
30.08.2024 where in cross subsidy surcharge for the
FY 2005-06 to FY 2014-15 was re-determined.
The Company filed a writ petition before the Hon’ble
High Court of Telangana vide WP No. 5687 of 2025
challenging the demand notice dated 31.01.2025. The
said WP No. 5687 of 2025 came up for hearing on
25.02.2025 and the Hon’ble High Court passed an order
restraining the respondent i.e., Southern Power
Distribution Company of TS. Limited from taking any
coercive step in pursuance to the impugned notice dated
31-Jan-2025 and further directed the Respondents to
file their counter.
In its final order dated 02nd September, 2026, the
Hon’ble High Court allowed the Company’s writ
petition and set aside the demand notice bearing Lr. No.
VICEROY HOTELS LIMITED
CIN: L55101TG1965PLC001048
Regd. Off: 8-2-120/112/88 & 89, Aparna Crest, 3rd Floor, Road No. 2
Banjara Hills, Hyderabad – 500 034, Telangana; Ph: 040 40204383
SE/OP/CC/HYD/SAO/AAO(HT)/JAO(H.T)/D.No.70
77/2025 dated 31-Jan-2025, and held that in light of
Section 32A of the Insolvency and Bankruptcy Code,
2016, no action could continue against the Company.
3. Expected financial implications, if any, Not Applicable
due to compensation, penalty etc
4. Quantum of claims, if any Not Applicable
5. The details of any change in the status The decision brings the litigation to a final conclusion
and / or any development in relation to in favour of Viceroy Hotels Limited.
such proceedings
6. In the case of litigation against key Not Applicable
management personnel or its promoter
or ultimate person in control, regularly
provide details of any change in the
status and / or any development in
relation to such proceedings
7. In the event of settlement of the Not Applicable since it did not involve any monetary
proceedings, details of such settlement payment.
including - terms of the settlement,
compensation/penalty paid (if any) and
impact of such settlement on the
financial position of the listed entity
For Viceroy Hotels Limited
C. Siva Kumar Reddy
Company Secretary and Compliance Officer
Mem No.: ACS 72022
VICEROY HOTELS LIMITED
CIN: L55101TG1965PLC001048
Regd. Off: 8-2-120/112/88 & 89, Aparna Crest, 3rd Floor, Road No. 2
Banjara Hills, Hyderabad – 500 034, Telangana; Ph: 040 40204383