Mahindra Holidays & Resorts India Limited — Others, 29-06-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Mahindra Holidays & Resorts India Limited has announced a demand Show Cause Notice from the Tamil Nadu State Tax Officer related to FY 2018-19, seeking INR 363.08 crore (INR 181.54 crore each for tax and penalty) due to the classification of IGST on club membership services instead of CGST and SGST, and a decline in IGST payments after the company changed its registered office. The company does not expect any significant financial impact and is actively pursuing legal remedies. This reflects ongoing tax compliance scrutiny but is unlikely to affect overall business operations.