The payment of Property Tax under the scheme named "Sumpattikar Niptaan Yojna (SUNIYO) 2025-26 launched by MCD.
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CHL Limited will pay INR 10,62,16,320 (approximately 10.62 crore) as property tax under the Municipal Corporation of Delhi's one-time amnesty scheme 'Sumpattikar Niptaan Yojana (SUNIYO) 2025-26'. The scheme allows settlement of current year and the previous five years' (2020-21 to 2024-25) tax dues without any interest or penalty, while waiving all taxes, interest, and penalty for the period prior to 2020-21. The Board of Directors approved the payment via circulation on 30th September 2025, with the due date also being 30th September 2025. The company had ongoing litigation at the Delhi High Court over property tax dues; after analyzing the court order, it opted to settle under the amnesty scheme. The amount will be accounted in the FY 2025-26 books, and management has stated there is no other operational impact.
A one-time cash outflow of about 10.62 crore will hit the FY 2025-26 books, but the amnesty route saves the company from interest and penalty charges and resolves a long-pending tax dispute, making it a pragmatic and finite liability for shareholders.