BMC issues disputed INR 34,04,848 property tax penalty notice

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AI summary

The company disclosed that Brihanmumbai Municipal Corporation issued a special notice on September 30, 2025, claiming an INR 34,04,848 penalty for outstanding property taxes for 2025-26 on land at Vile Parle. The company disputes the penalty, stating that property taxes were paid according to Supreme Court and High Court orders. It says there will be no impact on operations.

Likely market impact

The disputed charge may affect profit by up to INR 34,04,848, but operations are not expected to be affected.