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 has received an order from the Maharashtra State GST Department dated December 31, 2025, under Section 74 of the GST Act, 2017, demanding Rs. 160.02 million (including Rs. 65.13 million in interest and Rs. 47.45 million in penalty). The demand pertains to a mismatch in Input Tax Credit (ITC) claimed and reversal on ineligible/block ITC related to construction, among other issues, for FY 2018-19. The company believes the order is contestable and plans to take appropriate legal recourse. Management has clarified that there is no significant financial impact and normal business operations remain unaffected.
While the Rs. 16 crore demand is notable, the company is contesting the order and states operations are unaffected, so any immediate material impact on the stock is limited. However, investors should watch for updates on the legal challenge, as an adverse final ruling could affect future earnings.