Oriental Hotels Limited announced payment under Tamil Nadu Taxes (Settlement of Arrears) Act, 2023 (Samadhan Scheme). Name of the authority is Joint Commissioner (Territorial), Commercial Taxes Department, Government of Tamil Nadu. Full and final settlement of arrears of Tax determined under Tamil Nadu Tax on Luxuries (TNLT) Act.

Following are the amount of arrears paid under the settlement: Assessment Year is 2012-2013. Tax is INR 41,250.00. Penalty is INR 30,938.00.

Total is INR 72,188.00. Assessment Year is 2013-2014. Tax is INR 30,300.00.

Penalty is INR 22,725.00. Total is INR 53,025.00. Assessment Year is 2014-2015.

Tax is INR 33,550.00. Penalty is INR 25,163.00. Total is INR 58,713.00.

Date of receipt of direction or Order is 06 March 2024. 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.