The Supreme Court has pronounced an order in the matters relating to show cause notices issued to delta corp and its subsidiaries for the short payment of goods and services tax. Based on the pronouncement, the company understands that the basis of computation of revenue for the determination of GST adopted since October 2023 will be applicable retrospectively for the period between July 2017 to September 2023 as well. This development represents a favourable outcome for the entity as it clarifies the tax liability structure for past periods.

The ruling determines that the levy of GST will not be on the amount of gross bet value of all games played during the relevant period. Previously, this method had the effect of notionally multiplying the revenue and consequently increasing the GST payable. Instead, the tax will be calculated on the amount received from players for the chips sold to them.

The company stated that a copy of the order is not yet available and the current understanding is based on limited information. Delta Corp Limited intends to provide an update upon receipt and review of the official order from the Supreme Court. The filing was submitted to the exchanges on May 28, 2026, by Dilip Vaidya, Company Secretary & Vice President-Secretarial.

Delta Corp Limited has filed a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated May 7, 2026, updating stock exchanges on a significant regulatory development concerning its proposed new cruise vessel in Goa. The disclosure references an earlier communication dated January 15, 2026, which had outlined the company's plans to induct and operationalize a new cruise vessel in the state.

Bombay High Court Order on River Mandovi Operations

Following a public interest litigation filed before the Hon'ble High Court of Bombay, the court has passed an order stipulating that once all certificates and requirements for the new vessel have been obtained, the company must seek the court's permission prior to the new vessel sailing into the River Mandovi. This judicial directive adds a regulatory layer to the company's vessel induction process, requiring court approval as a prerequisite to commencing operations on the river.

The key details of the disclosure are summarized below:

Certificate Procurement Underway

Delta Corp has informed the exchanges that it is currently in the process of obtaining the necessary certificates for the new vessel. The company has not provided a specific timeline for the completion of this process. The disclosure was signed by Dilip Vaidya, Company Secretary & Vice President – Secretarial (FCS No. 7750), on May 7, 2026.

The filing was submitted to both the National Stock Exchange of India Ltd. and BSE Ltd. in compliance with applicable listing regulations.