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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MHRIL_01102026131822_SCN_disclosure_30092026_signed.pdf

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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.