Mahindra Holidays & Resorts India Limited (MHRIL), a prominent player in the hospitality sector, has received Goods and Services Tax (GST) show-cause notices totaling ₹6.53 crore, covering the fiscal years 2020-21 to 2023-24. The notices, issued by the Assistant Commissioner (ST) Anna Salai, Central-III, Chennai, Tamil Nadu, relate to GST compliance matters for the company.

Details of the Show-Cause Notices

According to a regulatory filing by MHRIL, the company received four show-cause notices (SCNs) via email on September 19, 2025. The SCNs demand an aggregate amount of ₹6,52,77,394, which includes:

The notices pertain to the applicability of Goods and Services Tax on Corporate Guarantee under the provisions of the Tamil Nadu Goods and Services Tax Act, 2017 & Central Goods and Service Tax Act, 2017.

Company's Response

Mahindra Holidays & Resorts has stated that based on their assessment and advice from their counsel, they do not expect these show-cause notices to have any material financial impact on the company. The hospitality firm has announced its intention to pursue appropriate legal remedies before the relevant authorities regarding this matter.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, MHRIL has promptly disclosed this information to the stock exchanges. The company has also made this information available on its official website for investor reference.

Market Implications

While the GST show-cause notices represent a significant amount, Mahindra Holidays & Resorts' confident stance regarding the lack of material financial impact suggests that the company is well-prepared to address these regulatory challenges. Investors and market watchers will likely keep a close eye on how this situation develops and its potential implications for the company's financial health and regulatory compliance record.

As the matter unfolds, it will be crucial to monitor any updates from Mahindra Holidays & Resorts regarding their legal proceedings and the final outcome of these show-cause notices.

Mahindra Holidays & Resorts India Limited (MHRIL) has announced the appointment of Vineet Bhardwaj as its new Chief Technology Officer (CTO) and Senior Management Personnel, effective September 1, 2025. The decision was approved by the company's Board of Directors on August 28, 2025, following a recommendation from the Nomination and Remuneration Committee.

A Seasoned Technology Leader

Vineet Bhardwaj brings over 24 years of extensive experience in digital and information technology leadership to MHRIL. His expertise spans across IT governance, cybersecurity, and digital transformation, making him a valuable addition to the company's senior management team.

Professional Background

Bhardwaj's impressive career includes leadership positions at several prominent organizations:

• Chief Digital & Information Officer at Godrej Properties Limited (most recent role)
• Key roles at Gas Authority of India, Marico Ltd., RGMS, and Aegis Ltd.

Educational Qualifications

Adding to his technical prowess, Bhardwaj holds notable professional qualifications:

• Chartered Accountant (rank holder) from the Institute of Chartered Accountants of India
• Qualified Company Secretary from the Institute of Company Secretaries of India

This unique combination of financial acumen and technological expertise positions him well for his new role at MHRIL.

Strategic Vision

Throughout his career, Bhardwaj has been recognized for his visionary approach in revolutionizing digital landscapes. He has a track record of:

• Crafting future-ready strategies
• Integrating cutting-edge technologies such as Generative AI and Machine Learning
• Enhancing customer experience
• Optimizing operations
• Driving sustainable growth across enterprises

Appointment Details

The appointment of Vineet Bhardwaj as CTO was disclosed by MHRIL in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Bhardwaj is not related to any Director of the Company, ensuring compliance with corporate governance norms.

As Mahindra Holidays & Resorts India Limited continues to evolve in the dynamic hospitality and leisure sector, the addition of Vineet Bhardwaj to its leadership team signals the company's commitment to leveraging technology for growth and innovation in the years ahead.