Mahindra Holidays & Resorts India Limited — Others, 28-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Mahindra Holidays & Resorts India Limited has announced a board meeting regarding a demand order received from the Deputy Commissioner of State Tax for fiscal year 2020-21. The order requires the company to pay ₹9.13 crore, which includes interest and penalties related to unpaid GST on room accommodation services. The company plans to appeal this decision, believing it will not have a material financial impact. Investors should watch for potential implications on cash flow, with a neutral outlook given the ongoing proceedings and management's confidence in their position.