Chalet Hotels Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
CHALET · price
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Chalet Hotels received a GST order on March 30, 2026 from the Maharashtra State tax authority under Section 74 of the GST Act, 2017. The order pertains to a mismatch in Input Tax Credit (ITC) claimed and reversal of ineligible/block ITC for FY 2019-20. The total demand is Rs. 33.07 million in tax, Rs. 40.88 million in interest, and Rs. 33.07 million in penalty, aggregating to about Rs. 107 million. The company has stated the order is contestable and it plans to take appropriate legal recourse. Business operations remain unaffected and the company says there is no significant financial impact at this stage.
The combined demand of ~Rs. 107 crore is not material relative to Chalet Hotels' overall scale, and the company is contesting it, so near-term impact on the stock is likely limited. However, investors should track the legal outcome as a final adverse ruling could affect financials.