NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company1 Oct 2026 · 1 Oct 2026, 01:20 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Mahindra Holidays & Resorts India Limited · MHRIL
✦ AI SummaryLitigation
Mahindra Holidays & Resorts India Limited has received a Show Cause Notice from the Deputy Commissioner of State Tax, Mumbai demanding an amount of Rs. 36,29,52,674 for FY 2022-23 under the provisions of Maharashtra Goods and Services Tax Act, 2017 & Central Goods and Services Tax Act, 2017.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Mahindra Holidays & Resorts India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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1st October 2026
MHRIL/SE/26-27/49
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 25th February 2025, we hereby inform
you that the Company has received a Show Cause Notice (“SCN”) from the Deputy Commissioner of
State Tax, Mumbai on 30th September 2026 at 1:28 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.
Thanking you,
For Mahindra Holidays & Resorts India Limited
Mansi Laheri
Company Secretary
Membership No: A21561
Encl.: a/a
Annexure A
Sr. Details of Events that need to
Information of such events(s)
No. be provided
A Brief details of litigation viz. Authority: Deputy Commissioner of State Tax, Mumbai (the
name(s) of the opposing “Authority”)
party, court/ tribunal /
agency where litigation is The Company has received Show Cause Notice (“SCN”) from the
filed, brief details of dispute / Authority via email dated 30th September 2026, demanding an amount
litigation; of Rs. 36,29,52,674 for FY 2022-23 (including tax of
Rs. 19,10,99,257, interest of Rs. 15,26,82,114 and penalty of
Rs. 1,91,71,303) under the provisions of Maharashtra Goods and
Services Tax Act, 2017 & Central Goods and Services Tax Act, 2017,
inter-alia, on account of non-payment of GST on stay facilities & non-
issuance of cross-charge invoices, unverified classification of the
disposal or sale of fixed assets, short payment of GST on food, travel
and allied services provided to member guests, and availment
of ineligible input tax credit, etc.
B Expected financial Based on the Company’s assessment, the said SCN is not expected to
implications, if any, due 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.