Mahindra Holidays & Resorts India Limited has received an Order dated April 30, 2024, from the Office of Assistant Commissioner, Anna Salai, Chennai Central, Tamil Nadu along with the summary of the Order dated April 30, 2024 (Order) through an email received at 11.14 p.m. (IST) on April 30, 2024 intimating about the upload of the Order on the GST portal. Name of the authority: Assistant Commissioner, Anna Salai, Chennai Central, Tamil Nadu (the Authority). The Company has received an Order from the Authority for fiscal year 2018-19 requiring the Company to pay a general penalty of INR 20,000 under applicable provisions of the TN GST Act, 2017 & CGST Act, 2017.

The Order has been passed on account of non-production of documents, while dropping the proceedings in respect of producing details for GST audit of fixed assets, unreconciled ITC, trade receivables, exempted nil rated and non- GST supplies, zero rated supplies, credit note, profit or loss on assets, trade payables, turnover difference, other expenses and other current assets.