HLV LIMITED — Others, 13-06-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

HLV Limited is engaged in ongoing legal proceedings with Airports Authority of India over termination of two land leases and eviction related to arrears of nearly Rs. 40 crore as of early 2017. AAI has also imposed retroactive lease rent charges amounting to Rs. 4.7 million for Q1 and Rs. 119.5 crore up to mid-2023. The Bombay High Court has allowed eviction proceedings to continue, while an arbitrator will address the commercial disputes. This litigation impacts HLV’s use of assets and financial obligations tied to its Mumbai hotel business, creating operational and financial uncertainties for shareholders.