Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations)
THELEELA · price
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Awaiting price reaction for this filing.
Leela Palaces Hotels & Resorts has informed the exchanges that its wholly owned subsidiary, Schloss HMA Private Limited (SHPL), received a transfer pricing order on September 29, 2025 from the Office of the Assistant Commissioner of Income Tax (Transfer Pricing), issued under Section 92 CA (3) of the Income Tax Act, 1961 for Assessment Year 2023-24. An adjustment has been proposed on a specific issue, though the actual monetary tax impact cannot be determined at this stage and will only be known once the final assessment order is issued. SHPL plans to suitably challenge the adjustment once the assessment order is received. The company has clarified that there is no material impact on its financial, operational, or other activities.
Near-term impact on the stock is likely limited as the company states there is no material financial impact, but the actual tax liability remains uncertain pending the assessment order and any subsequent challenge. Shareholders should watch for further updates on the quantum of the adjustment and the outcome of SHPL's challenge.