MAHINDRA HOLIDAYS & RESORTS INDIA LTD.

Mahindra Holidays & Resorts India Ltd has received a Show Cause Notice (SCN) from the Deputy Commissioner of State Tax, Mumbai, demanding ₹36,29,52,674 for FY 2022-23. The demand includes tax, interest, and penalty, primarily related to alleged non-payment of GST on stay facilities, unverified classification of fixed asset disposal, short payment on food and travel services, and availment of ineligible input tax credit. The company, however, assesses that the SCN is not expected to have a material financial impact and is taking necessary steps.

Mahindra Holidays & Resorts India Limited (MHRIL) has announced a Board of Directors meeting scheduled for Wednesday, 21st October 2026. The primary agenda is to consider and approve the unaudited standalone and consolidated financial results for the second quarter and half-year ended 30th September 2026. In compliance with SEBI regulations, the trading window for designated persons and their immediate relatives will be closed from 1st October 2026 to 23rd October 2026, inclusive.

Mahindra Holidays & Resorts India Ltd (MHRIL) has announced that its Board of Directors will convene on October 21, 2026. The primary agenda for this meeting is to consider and approve the unaudited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2026. In conjunction with this announcement, the company will also close its trading window from October 1, 2026, to October 23, 2026, for designated persons and their immediate relatives, adhering to SEBI regulations regarding insider trading.

Mahindra Holidays & Resorts India Ltd has received a Show Cause Notice (SCN) from the Assistant Commissioner of Commercial Taxes (Audit), Madikeri, demanding ₹9,78,36,455 for FY 2022-23. The demand includes tax, interest, and penalty related to claims under the Karnataka and Central Goods and Services Tax Acts, specifically concerning ITC claimed in GSTR-3B, ineligible ITC availed, and tax discharged on supplies reported in GSTR-7 and GSTR-8. The company, however, assesses that the SCN is not expected to have a material financial impact and is taking necessary steps.

Mahindra Holidays & Resorts India Ltd has received a Show Cause Notice (SCN) from the Central GST Audit, Commissionerate, Dehradun, demanding ₹11,33,69,421. This demand pertains to FY 2020-21 to 2023-24 and includes tax and a penalty, primarily due to alleged short payment of tax on supply of services and differences in turnover. The company, however, based on its assessment and legal advice, does not expect any material financial impact and is pursuing legal remedies.

Mahindra Holidays & Resorts India Ltd has been assigned an ESG rating of 62 and a Core ESG rating of 69 by Crisil ESG Ratings & Analytics Limited, categorizing the company as 'Strong'. This rating complies with SEBI Listing Regulations and is in line with the master circular dated January 30, 2026. The communication was received on July 30, 2026. The company has also updated its website with this information as per regulatory requirements.

Mahindra Holidays & Resorts India Ltd has received an ESG score of 63 from ESG Risk Assessment & Insights Limited, categorizing the company under 'Strong'. This rating is in compliance with SEBI Listing Regulations and a master circular on ESG disclosures. The company has published this information on its website as per regulatory requirements. The communication regarding the ESG score was received on July 27, 2026.

Mahindra Holidays & Resorts India Ltd. announced its unaudited standalone and consolidated financial results for the first quarter ended 30th June 2026. Consolidated revenue increased by 5% year-on-year to ₹773.5 Cr, while consolidated PAT stood at ₹-8.6 Cr. Sales value, including upgrades, surged by 22% YoY to ₹154 Cr, driven by premiumization and upgrades. Resort revenue saw double-digit growth of 10% YoY to ₹126 Cr with an 86.7% occupancy rate. The company is transforming existing resorts and rationalizing select properties. Deferred revenue stands at ₹5,825 Cr and cash at ₹1420 Cr as of June 30, 2026. Profitability in India was impacted by growth costs, while international operations faced headwinds.

Mahindra Holidays & Resorts India Ltd announced the appointment of Mr. Ashley Thomas as the Internal Auditor of the Company, effective July 22, 2026. The decision was made by the Board of Directors following a recommendation from the Audit Committee. Mr. Thomas brings 15 years of experience within the Mahindra Group, most recently overseeing internal audit activities for Mahindra & Mahindra and other group companies as part of the Leadership Team at Corporate Management Services (CMS). His tenure as Internal Auditor will extend up to the conclusion of the Q4 FY 2027 Board Meeting. The company has also highlighted his expertise in governance, risk management, internal controls, and his involvement in AI integration for audit functions.

Mahindra Holidays & Resorts India Ltd announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The Board of Directors approved these results following a recommendation from the Audit Committee. The company has also submitted the Limited Review Report from its statutory auditors, B S R & Co. LLP. The financial statements were prepared in accordance with Indian Accounting Standard 34 and comply with SEBI Listing Regulations. The review by auditors found no material misstatements.