Advent Hotels International Limited has informed the Exchange about General Updates under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015
ADVENTHTL · price
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Advent Hotels International has disclosed that its subsidiary, BD & P Hotels (India) Private Limited, received a tax demand notice of ₹4,54,35,230 (approximately ₹4.54 crore) from the Deputy Commissioner of Income Tax, Central Circle 1(4), Mumbai, under Section 156 of the Income-tax Act, 1961. The demand relates to Assessment Year 2024-25 and was dated March 30, 2026. The subsidiary is examining the matter and plans to explore appellate or other remedies. The company has stated that there is no impact on its operations or other activities, and the monetary impact is currently limited to the stated demand amount. The disclosure is being made because the demand exceeds the company's internal materiality threshold of approximately ₹448.58 lakhs.
This is a contingent financial liability for the subsidiary that could dent profitability if upheld after appeal. However, since the company has signaled intent to contest and noted no operational disruption, near-term business continuity remains unaffected — though the stock may see short-term sentiment pressure given the size of the demand relative to the subsidiary's scale.