Delta Corp Limited has received significant legal relief as the Supreme Court of India issued a stay order on tax notice proceedings against the company and its subsidiary. The order, passed on April 30, 2026, provides temporary respite from ongoing tax-related legal challenges.

Supreme Court Order Details

The Hon'ble Supreme Court of India has stayed further proceedings pertaining to tax notices received by Delta Corp Limited and its subsidiary, Highstreet Cruises and Entertainment Private Limited. The stay will remain in effect until the final disposal of the main legal matter.

Background of Tax Notices

The current legal relief follows the company's previous disclosure dated March 18, 2026, which informed stakeholders about notices received for alleged short payment of tax. Both Delta Corp Limited and its subsidiary Highstreet Cruises and Entertainment Private Limited were subject to these tax notices from authorities.

The Supreme Court's order specifically states that further proceedings of all impugned show cause notices shall remain stayed until the final disposal of the main matter along with all tagged matters. This comprehensive stay covers all related proceedings, providing broad protection for the company during the pendency of the case.

Legal Representation and Proceedings

The case was heard by a strong legal team representing the petitioners, led by Senior Advocate Mr. Gopal Sankarnarayanan. The legal team included multiple advocates ensuring comprehensive representation before the apex court.

Regulatory Compliance

Delta Corp Limited disclosed this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Company Secretary & Vice President- Secretarial Dilip Vaidya (FCS NO.7750) on May 1, 2026.

The stay order provides the company with breathing room while the substantive legal issues are resolved through the judicial process. The matter will now await the decision in the referenced Special Leave Petitions before any further proceedings can commence on the tax notices.

Delta Corp Limited has received an unfavorable ruling from the Bombay High Court regarding its petition to obtain gaming licenses for its Deltin Hotel property. The company disclosed this development to stock exchanges on April 30, 2026, pursuant to Regulation 30 of SEBI Listing Regulations.

Court Dismisses Gaming License Petition

The Bombay High Court dismissed Writ Petition No. 317 of 2019 through an order dated April 29, 2026. This petition sought directions for granting a license under Section 13A of the Goa, Daman and Diu Public Gambling Act, 1976, specifically to install games of electronic amusement and slot machines at the Deltin Hotel.

Legal Framework and Background

The petition was filed under Section 13A of the Goa, Daman and Diu Public Gambling Act, 1976, which governs gaming and gambling activities in the region. Delta Corp had sought judicial intervention to compel authorities to grant the necessary license for operating electronic gaming equipment at its hotel property.

Company's Response and Next Steps

Following the court's decision, Delta Corp stated that it is evaluating its legal options in response to the dismissal. The company has not specified what particular legal remedies it might pursue, but this suggests potential consideration of appellate proceedings or alternative legal strategies.

Regulatory Compliance

This disclosure was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to inform stock exchanges about material developments. The company referenced its earlier disclosure dated December 13, 2018, indicating this has been an ongoing legal matter for several years.

The development represents a setback for Delta Corp's expansion plans for gaming operations at the Deltin Hotel, though the company's evaluation of legal options suggests the matter may not be concluded definitively.