Ventive Hospitality Limited has received a significant tax demand notice from the Income Tax Department, as disclosed in a regulatory filing on March 13, 2026. The company informed stock exchanges about receiving an order under Section 143(3) of the Income Tax Act, 1961, which has resulted in a substantial tax demand.

Tax Demand Details

The Income Tax Department has issued a demand notice following an assessment order for Assessment Year 2024-25 (Financial Year 2023-24). According to the company's disclosure, computational errors in the assessment order have led to an erroneous tax demand.

Assessment Order Analysis

The company clarified that there is no change in the assessed income compared to the income reported in the tax return filed for FY 2023-24. However, the computation of income forming part of the Assessment Order contains errors, which have consequently resulted in the erroneous tax demand of Rs. 6,37,96,318.

Company's Response Strategy

Ventive Hospitality has outlined its plan to address the tax demand through proper legal channels. The company will file a Rectification Application under Section 154 of the Income Tax Act, 1961 before the concerned Assessing Officer against the Assessment Order.

The management expressed confidence that the erroneous demand will be rectified and nullified at the earliest. The company emphasized that the Assessment Order has no impact on its financial position, operations, or any other activities.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was communicated to both BSE Limited and National Stock Exchange of India through the company's Company Secretary and Compliance Officer, Pradip Bhatambrekar.

Financial Impact Assessment

Despite the substantial amount involved in the tax demand, Ventive Hospitality maintains that there will be no material impact on the company's operations or financial activities. The company's confidence in rectifying the computational errors suggests that the demand may not result in any actual financial outflow once the rectification process is completed.

Ventive Hospitality Limited has successfully completed a significant acquisition in the hospitality sector, expanding its portfolio through strategic investment in premium hospitality operations. The company announced the completion of this transaction on February 17, 2026, marking a major milestone in its growth strategy.

Acquisition Details

Panchshil Corporate Park Private Limited, a material unlisted subsidiary of Ventive Hospitality Limited, has completed the acquisition of 100% stake in Finest-VN Business Park Private Limited. The transaction was executed as a cash consideration deal, representing a strategic move to strengthen the company's position in the premium hospitality segment.

Target Company Profile

Finest-VN Business Park Private Limited, incorporated on August 24, 2022, operates in the hospitality industry through its subsidiaries. The company holds strategic assets that provide exclusive rights for Soho House expansion throughout India and currently operates Soho House Mumbai located in Juhu.

Historical Financial Performance

The target company's revenue performance over the past three years reflects its recent incorporation and business development phase:

Strategic Impact

This acquisition positions Ventive Hospitality to leverage the exclusive Soho House brand rights across India, a significant opportunity in the premium hospitality and members' club segment. The transaction aligns with the company's expansion strategy in the hospitality sector and provides access to an established premium brand with international recognition.

The acquisition was conducted as a related party transaction at the subsidiary level, executed on an arm's length basis in compliance with regulatory requirements. No governmental or regulatory approvals were required for completing this transaction.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This announcement follows the company's earlier intimation dated October 16, 2025, regarding the exploration of potential acquisition opportunities through its material subsidiary.

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