Chalet Hotels gets court stay on Bengaluru property tax notice of Rs 39.56 cr
CHALET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts less than Nifty Smallcap 250 and in line with its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Chalet Hotels has been granted a stay order by the Karnataka High Court on a notice from the Greater Bengaluru Authority demanding about Rs 39.56 crore in alleged unpaid property tax (including interest, penalty and cess) for its Whitefield, Bengaluru property. The stay is valid until the next date of hearing. The company had earlier disclosed the notice on February 11, 2026.
Court stay provides temporary relief on the Rs 39.56 cr demand. Final outcome pending hearing; tax liability risk remains until resolved.