Viceroy Hotels Limited — Important, 04-03-2025: Disclosure of material issue

Viceroy Hotels Limited has received a demand notice from Southern Power Distribution Company of TS. Limited for an amount of ₹3.56 crore as a cross-subsidy surcharge related to the fiscal years 2005-06 to 2014-15. The company has filed a writ petition in the High Court of Telangana challenging this demand. The court has granted a stay on any coercive steps from the power distribution company and has instructed them to respond by the specified date. The company argues that the demand contradicts an approved resolution plan, which claims extinguishment of liabilities prior to a specific date. Investors should monitor this situation closely, as a resolution could impact cash flow and financial positioning.