Lemon Tree Hotels Limited — Others, 27-01-2025: Action(s) initiated or orders passed

M/s Fleur Hotels Limited, a material subsidiary of Lemon Tree Hotels, has received a tax demand and penalty notice totaling ₹1.00 crore under the CGST Act from the Dehradun office. The demand pertains to the financial year 2018 and includes a 100% penalty under applicable provisions. Fleur Hotels plans to pursue appropriate legal remedies, and there is no expected material impact on Lemon Tree's overall financials or operations since this issue pertains only to its subsidiary. Investors may view this situation as a potential risk, though the company asserts that it will manage the legal process without adverse effects on its core business.