The Indian Hotels Company Limited has informed the Exchange about Action(s) taken or orders passed
INDHOTEL · price
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Indian Hotels Company (IHCL) has received Special Notices from Brihanmumbai Municipal Corporation (BMC) claiming penalties on outstanding property taxes for FY 2025-26 in respect of three properties. The penalties are: Taj Wellington Mews at Rs 1.89 crore, Taj Mahal Hotel (Old Wing) at Rs 21.93 lakh, and Taj Mahal Tower (New Wing) at Rs 2.98 crore, taking the total disputed amount to roughly Rs 5.09 crore. The company has disputed the penalty on merit, stating that property tax payments have already been made in line with Hon'ble Supreme Court and High Court orders. IHCL has clarified that there is no impact on operations or other activities, and the only financial exposure, if any, would be limited to the amounts cited.
The financial impact is small (about Rs 5 crore) relative to IHCL's overall size, and the company is contesting the claim based on existing court orders, so near-term effect on shareholders should be limited. This is a routine property tax dispute, not a company-level financial or operational risk.