Leela Palaces Hotels & Resorts Limited has informed the Exchange regarding 'Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015'.
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Leela Palaces Hotels & Resorts' material subsidiary TPRPL received four orders from GST authorities in Jaipur on December 31, 2025. In one case, proceedings were dropped entirely (against an initial demand of about ₹2.02 crore). In another, a partial demand of about ₹66 lakhs was raised (against an initial demand of ₹1.18 crore). In two others, demands of about ₹1.89 crore and ₹11.29 lakhs were confirmed, and TPRPL plans to appeal these. The issues relate to alleged wrong adjustment of tax liability in GSTR-9C, short payment of tax on advances, and non-payment of tax under reverse charge on imported services. The company has stated these orders do not have any material impact on its financial position, operations, or business activities.
The combined confirmed tax demand of roughly ₹2.66 crore is small relative to the company's size and is being contested through appeals, so the company sees no material impact on earnings or operations. For shareholders, this is a routine regulatory/tax disclosure with limited financial consequence, though it flags ongoing GST compliance scrutiny at the subsidiary level.