The Indian Hotels Company Limited — Others, 24-07-2025: Action(s) taken or orders passed

The company has received special notices from the Brihanmumbai Municipal Corporation (BMC) regarding penalties on outstanding property taxes for its Taj Wellington Mews, Taj Mahal Hotel (Old Wing), and Taj Mahal Tower (New Wing) properties. The total claimed penalty across these properties is approximately 5.09 Cr. The company disputes this claim, asserting that the property taxes were paid strictly in accordance with Hon'ble Supreme Court and High Court orders. Management indicates the financial impact, if any, will be limited to this amount, with no anticipated effect on the company's operations.