Stamp duty order: penalty of about Rs 46.3 lakh on share issuance

Samhi Hotels received an order from Delhi's Collector of Stamps dated 16 June 2026, determining stamp duty of about Rs 16.28 lakh plus a penalty of Rs 30 lakh (total about Rs 46.28 lakh) on the issuance of dematerialized shares in 2023. The company says it had already paid stamp duty through the depository mechanism as per the Indian Stamp Act. Similar matters are pending before the Delhi High Court. The company states the order will not materially impact its financials or operations and is evaluating its next course of action.