Advent Hotels International Ltd Subsidiary Receives Income Tax Demand Notice of ₹4,54,35,230 for Assessment Year 2024-25

Advent Hotels International Ltd, through its subsidiary BD & P Hotels (India) Private Limited, has received a Notice of Demand under Section 156 of the Income-tax Act, 1961 from the Deputy Commissioner of Income Tax, Central Circle 1(4), Mumbai, for Assessment Year 2024-25, raising a demand of ₹4,54,35,230. The notice is dated 30 March 2026. The Company is examining the matter and will take appropriate steps, including filing an appeal or other remedies, as necessary. The monetary impact is presently limited to the stated amount, with no impact on the operations or other activities of the Company.