NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company4d ago · 26 Aug 2026, 01:45 pm

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Mahindra Holidays & Resorts India Limited · MHRIL

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Mahindra Holidays & Resorts India Limited has received a Show Cause Notice from the Additional / Joint Commissioner, Central GST Audit, Commissionerate, Dehradun, demanding an amount of INR 11,33,69,421 for FY 2020-21, 2021-22, 2022-23 & 2023-24, primarily on account of short payment of tax on supply of services in Uttarakhand.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment4/10

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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_26082026134504_MHRIL_SE_Intimation_signed.pdf

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26th August 2026 MHRIL/SE/26-27/44 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 – 400 001. 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 on 25th February 2025, we hereby inform you that the Company has a received Show Cause Notice (“SCN”) from the Additional / Joint Commissioner, Central GST Audit, Commissionerate, Dehradun along with the summary of the SCN bearing reference number ZD050826017356B. The details of the above 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. Date and time of receipt: 25th August 2026 at 2:56 P.M. (IST) Kindly take the same on record. Yours faithfully, For Mahindra Holidays & Resorts India Limited Mansi Laheri Company Secretary Membership No: A21561 Encl.: a/a Annexure A Sr. Details of Events that Information of such events(s) No. need to be provided A Brief details of litigation Authority: Additional / Joint Commissioner, Central GST Audit, viz. name(s) of the Commissionerate, Dehradun (the “Authority”) opposing party, court/ tribunal / agency where The Company has received Show Cause Notice (“SCN”) from the litigation is filed, brief Authority via email dated 25th August 2026, demanding an amount details of dispute / of INR 11,33,69,421 in aggregate for FY 2020-21, 2021-22, 2022- litigation; 23 & 2023-24 (including tax of INR 11,33,19,421 and penalty of INR 50,000) as applicable under provisions of Uttarakhand Goods and Services Tax Act, 2017 & Central Goods and Service Tax Act, 2017 primarily on account of short payment of tax on supply of services in Uttarakhand, short payment of tax due to difference in turnover, etc. B Expected financial Based on the Company’s assessment & advice of the counsel, the implications, if any, due to Company does not expect the said SCNs to have any material compensation, penalty financial impact on the Company. etc.; The Company is taking appropriate steps to pursue legal remedies before the appropriate authority in this regard. C Quantum of claims, if any; As stated in Point A above.