Lemon Tree Hotels Limited — Others, 20-01-2025: Action(s) taken or orders passed

M/s Celsia Hotels Private Limited, a subsidiary of Lemon Tree Hotels, has received a notice from the Bengaluru Central Tax authority demanding INR 2.69 cr as interest and penalty related to CGST violations for the fiscal years 2018 to 2022. The subsidiary plans to file an appeal against this order. The company assessed that this situation will not materially affect its financials or operations, as it pertains solely to its subsidiary. Investors may view this as a neutral impact, with no significant risk to the parent company’s performance.