Mahindra Holidays & Resorts India Limited — Others, 26-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Mahindra Holidays has received a Show Cause Notice from the State Tax Officer, Chennai, demanding ₹33.29 Cr for FY22. This demand includes interest and penalty related to adjustments in turnover, supply differences, and asset-related items. The company, based on its assessment and legal advice, does not anticipate a material financial impact from this notice. MHRIL plans to pursue appropriate legal remedies. This update is important for shareholders as it addresses potential tax liabilities, which the company believes will not significantly affect its financials.