HLV LIMITED — Others, 23-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

HLV Ltd. faces an ongoing legal dispute with Airports Authority of India (AAI) over its Mumbai hotel land leases. AAI seeks eviction and claims Rs. 39.80 Cr in arrears, plus increased lease rentals of Rs. 4.70 Cr for the last quarter, amounting to Rs. 119.50 Cr up to Q1 FY24. The Bombay High Court allowed eviction proceedings to continue. The company appealed to the Supreme Court, which declined to intervene, directing both parties to the Adjudicating Authority. This significant dispute over the hotel's future and substantial financial claims remains unresolved.