Oriental Hotels Limited announced to submit the disclosure regarding payment under the Tamil Nadu Taxes (Settlement of Arrears) Act, 2023 (Samadhan Scheme). Name of the authority Joint Commissioner (Territorial), Commercial Taxes Department, Government of Tamil Nadu. Nature and details of the action taken, initiated or order(s) passed Full and final settlement of arrears of Tax determined under erstwhile Tamil Nadu General Sales Tax (TNGST
Act 1959. Following are the amount of arrears paid under the settlement: Financial Year 2004-05 Relevant Act TNGST Act, 1959 Tax INR 71,522.00, Penalty INR 16,490.00, Total INR 88,012.00. 2005-06 TNGST Act, 1959, Tax INR 2,60,156.00, Penalty INR 30,941.00, Total INR 29,1097.00. The tax demands raised by the authorities earlier, which were under dispute, is now settled under the Tamil Nadu Taxes (Settlement of Arrears) Act, 2023 (Samadhan
Scheme). The financial impact, if any, will be to the extent of and as disclosed in Point 2. There will be no impact on operations or other activities of the Company.