Juniper Hotels Limited has received a significant income tax demand notice of ₹25,82,92,808 from the Income Tax Department for Assessment Year 2023-24. The company disclosed this development to stock exchanges on April 22, 2026, in compliance with SEBI Listing Regulations.

Tax Demand Details

The demand notice was issued under Section 156 of the Income Tax Act, 1961, and was received by the company on April 21, 2026. The notice, originally dated April 16, was accompanied by an Assessment Order passed under section 143(3) read with section 144C(3) of the Income Tax Act, 1961.

Nature of Alleged Violations

According to the company's regulatory filing, the alleged recovery relates to under-reporting of income, which has resulted in the substantial demand of ₹25,82,92,808 for the assessment year 2023-24. The Income Tax Department has identified discrepancies in the company's reported income figures through the assessment process.

Company's Response Strategy

Juniper Hotels Limited is currently assessing the demand notice and examining the basis of the alleged liability. The company has outlined its planned course of action in response to the tax demand:

Financial Impact Assessment

The company has provided its preliminary assessment regarding the potential impact of this tax demand. At this stage, Juniper Hotels does not anticipate any adverse impact on its financial position, operations, or other business activities. However, the company continues to evaluate the situation as it progresses through the assessment process.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Sub-para (20) of Para (A) of Part (A) of Schedule III. The filing was also made in accordance with SEBI Master Circular No. HO/49/14/14/(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

The company has made this information available on its official website at www.juniperhotels.com , ensuring transparency with all stakeholders. Company Secretary and Compliance Officer Sandeep L. Joshi signed the regulatory filing, confirming the accuracy of the disclosed information.

Juniper Hotels Limited has received a Letter of Award from Delhi Development Authority (DDA) on March 02, 2026, after being declared the successful bidder for license rights to a prime land parcel in Sector 23, Dwarka, New Delhi. The company disclosed this development under Regulation 30 of SEBI Listing Regulations on March 03, 2026.

Project Details and Strategic Location

The awarded project encompasses several key parameters that position it as a strategic addition to Juniper's portfolio:

The strategic location offers proximity to Yashobhoomi, India International Convention and Expo Centre, and Delhi International Airport, positioning the property to capitalize on business travel and MICE activities.

Regulatory Framework and Timeline

The Letter of Award operates under specific regulatory parameters as disclosed under SEBI Listing Regulations. The LOA remains valid for 12 months from the date of issuance, during which period the lease agreement will be executed. The project is subject to necessary compliances as per the LOA and Tender Document requirements.

The development will focus on creating a comprehensive hospitality offering featuring F&B outlets, banqueting facilities, and commercial space alongside the accommodation facilities.

Portfolio Expansion Strategy

This acquisition aligns with Juniper Hotels' strategic focus on developing large-scale assets in key metropolitan markets. The company currently operates several significant properties across major Indian cities:

With the Dwarka development, Juniper's total inventory in the NCR region will exceed 1,000 keys, significantly strengthening its market position.

Management Commentary

Chairman & Managing Director Arun Saraf emphasized the project's alignment with the company's strategic roadmap, stating the commitment to pursuing growth opportunities in key metropolitan markets. He highlighted the company's disciplined asset selection strategy and expertise in developing greenfield assets as key factors for creating stakeholder value.

The development represents Juniper's continued focus on capitalizing on India's economic growth and increasing demand for luxury and business travel through strategic big-box hotel developments in high-demand urban corridors.