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.

Analysis Scores

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