Taj GVK Hotels & Resorts Limited — Others, 10-04-2025: Action(s) taken or orders passed

Taj GVK Hotels & Resorts Limited has announced a board meeting regarding an order from the Commissioner of Customs & Central Tax, which imposes a tax demand, interest, and penalty totaling ₹42.14 crore, applicable for the period from April 1, 2015, to June 30, 2017. This demand arises from discrepancies in service tax assessment for Taj Krishna, Taj Deccan, and Taj Banjara hotels. The company states this will not affect its operational activities and is filing an appeal against the order. Investors may view this as a neutral impact, with potential implications tied to the outcome of the appeal.