EIH Associated Hotels Limited has secured a significant legal victory in a tax matter, with the Commissioner of Income Tax (Appeals), Chennai [CIT(A)] passing an order entirely in favour of the company. The CIT(A) has deleted the complete penalty demand raised under Section 270A of the Income Tax Act, 1961, for Financial Years 2016-17 and 2017-18, thereby granting full relief to the company. The orders were received on 18th May 2026 at 13:12 IST.

Background of the Penalty Orders

This development is a continuation of the company's earlier disclosure dated 26th March 2024, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The original penalty orders had been issued under Section 270A of the Income Tax Act, 1961, covering two financial years. The details of the penalty demands are as follows:

Appeal and Outcome

EIH Associated Hotels had filed an appeal before the CIT(A), Chennai, challenging the aforesaid penalty orders. The CIT(A) accepted the submissions made by the company and passed an order deleting the entire penalty demand for both financial years. This outcome represents complete relief for the company on both counts.

Regulatory Disclosure

The company has disclosed this development to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Tejasvi Dixit, Company Secretary of EIH Associated Hotels Limited, on 18th May 2026.

EIH Associated Hotels Limited's promoters and members of the Promoter Group have formally declared that no encumbrance has been created on the company's shares held by them as on 31st March, 2026. The disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulation, 2011, as amended from time to time. The declaration was submitted to the stock exchanges and the Audit Committee of EIH Associated Hotels Limited on 3rd April, 2026.

Regulatory Disclosure Details

The disclosure confirms that the promoters and Promoter Group members have not created any encumbrance on the shares of EIH Associated Hotels Limited held by them, either directly or indirectly, for the period ended 31st March, 2026. This declaration is a mandatory periodic compliance requirement under SEBI's Substantial Acquisition of Shares and Takeovers Regulations.

The key details of the disclosure are summarised below:

Signatories to the Declaration

The disclosure was digitally signed by multiple members of the promoter group and authorised representatives, underscoring the collective compliance commitment. The following individuals and entities were party to the declaration:

• Rajan Raheja — digitally signed on 3rd April, 2026
• Satish Raheja — represented by Ashwin Prabhudas Damania (per pro), digitally signed on 3rd April, 2026
• Hathway Investments Private Limited — represented by Vinay Gajanan Nadkarni, Managing Director (DIN: 02895960), digitally signed on 3rd April, 2026
• Akshay Raheja — digitally signed on 3rd April, 2026
• Viren Raheja — digitally signed on 3rd April, 2026

Submission to Stock Exchanges

The disclosure was formally submitted to the Listing Departments of both the Bombay Stock Exchange Limited and the National Stock Exchange Limited, as well as to the Audit Committee Members of EIH Associated Hotels Limited at its registered office located at 1/24, G S T Road, Meenambakkam, Chennai - 600 027. The submission fulfils the company's regulatory obligations for the quarter ended 31st March, 2026, ensuring transparency in promoter shareholding status as required under applicable SEBI regulations.