Samhi Hotels has received an order from the Office of the Divisional Commissioner, Revenue Department: Stamp and Registration Branch, Government of National Capital Territory of Delhi (GNCTD), determining a total liability of INR 46,27,532. The order, dated June 16, 2026, adjudicates stamp duty related to the issuance of certain shares by the company in dematerialized form during 2023. The company stated that the order will not have a material impact on its financial, operational, or other activities.

The order was passed under Sections 33, 38, and 40 of the Indian Stamp Act, 1899. It establishes a stamp duty liability of INR 16,27,532 and imposes a penalty of INR 30,00,000. The Collector of Stamps, GNCTD, alleged that the stamp duty payable under the Indian Stamp Act, 1899, read with provisions applicable to the National Capital Territory of Delhi, was due on the share allotment. The authority contended that payment made through depositories such as NSDL or CDSL at the applicable rate at the time of allotment does not discharge the company's statutory liability under the law applicable in the NCT of Delhi.

Samhi Hotels clarified that it had paid stamp duty in accordance with Section 9A(1) read with Article 56A of Schedule I of the Indian Stamp Act, 1899. The payment was made through the depository mechanism prescribed by the Central Government at the rates prevailing at the relevant time. The company noted that the matter involves the interpretation of the Indian Stamp Act, 1899, including Section 9A, and the applicability of stamp duty provisions in the NCT of Delhi regarding the issue or allotment of shares.

The dispute arises from a circular issued on July 29, 2025, by the Additional District Magistrate, Collector of Stamps, Revenue Department, Delhi. This circular disputed the rate of stamp duty applicable to the issuance of dematerialized shares under the Indian Stamp Act, 1899, as amended by the Finance Act, 2019, and effective from July 1, 2020. Several companies have filed writ petitions before the Hon’ble High Court of Delhi concerning this issue, and the proceedings are currently under judicial consideration.

The company disclosed that the maximum financial impact will be capped at the aggregated amount of the stamp duty liability and the penalty imposed by the order. Samhi Hotels is evaluating its next course of action regarding the order dated June 16, 2026.

Details of the Order

SAMHI Hotels has announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the standalone and consolidated results in a meeting held on May 21, 2026. For the full year, the company reported a consolidated net profit of INR 5,665.45 million, a sharp rise compared to INR 855.00 million in the previous year. Total income for the year stood at INR 12,789.98 million, up from INR 11,385.65 million in FY25.

Q4 Financial Highlights

SAMHI Hotels delivered a strong quarterly performance, with Q4 revenue climbing to INR 3,534.69 million from INR 3,233.72 million in the same period last year. Q4 EBITDA before exceptional items stood at INR 1,202.06 million. Q4 consolidated net profit came in at INR 3,993.96 million, compared to INR 458.66 million in the corresponding quarter of the previous year.

The following table summarises the key Q4 financial metrics:

Full-Year Performance

For the full financial year, the company's consolidated earnings per share (EPS) rose to INR 25.61 from INR 3.88 in the previous year. The standalone financial results showed a net profit of INR 3,843.37 million for the year, compared to INR 202.04 million in the prior year. The table below presents the full-year consolidated and standalone financial highlights: