MAHINDRA HOLIDAYS : RECEIVES SHOW CAUSE NOTICE FROM ASSISTANT COMMISSIONER OF COMMERCIAL TAXES

• The company has received a Show Cause Notice (SCN) from the Assistant Commissioner of Commercial Taxes (Audit), Madikeri, via email dated September 1, 2026. • The SCN demands an amount of ₹9,78,36,455 for FY 2022-23, including tax, interest, and penalty. • The demand is related to ITC claimed in GSTR-3B, ineligible ITC availed, and tax discharged under GSTR-7 and GSTR-8. • The company's assessment indicates the SCN is not expected to have any material financial impact. • The company is taking necessary steps before the appropriate authority. Impact: Neutral (Procedural notice with no immediate expected financial impact, company taking steps.)

Mahindra Holidays & Resorts India Limited

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