Lemon Tree Hotels Limited has informed the Exchange about Action(s) taken or orders passed
LEMONTREE · price
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Fleur Hotels Limited, a material subsidiary of Lemon Tree Hotels, has received an order from the Income Tax Department under Section 270A of the Income Tax Act, 1961 for Assessment Year 2018-19. The order raises a penalty of Rs. 83,455, linked to a disallowance of Rs. 5,40,161 for belated remittance of employees' EPF and ESI contributions, which were not paid within the due date under Section 36(1)(va) of the Act. The order was received on June 25, 2025. The company has stated there is no material impact on Lemon Tree Hotels' financial operations, and Fleur Hotels is in the process of filing an appeal against the order.
The penalty is small relative to the company's size and Lemon Tree has confirmed no material financial impact. Investors should view this as a routine tax compliance matter, though the appeal outcome will determine any final outflow.