IHCL Faces ₹19.95 Lakh Penalty from BMC Over Past Deviations at Mumbai Property

Indian Hotels Company Limited (IHCL), the Tata Group’s hospitality arm and owner of the Taj brand, has disclosed a penalty of ₹19.95 lakh imposed by the Brihanmumbai Municipal Corporation (BMC) for past deviations at its Taj Wellington Mews property in Mumbai.

The penalty was issued by the Office of the Assistant Commissioner (Estates), BMC, and the company received the order on April 15, as per a regulatory filing with both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Penalty Related to Past Irregularities

IHCL clarified that the penalty pertains to deviations that occurred in the past, and that the matter has no further financial implications beyond the stated amount. The company did not specify the exact nature of the deviations but stressed that the issue has been addressed within the current regulatory framework.

No Impact on Business Operations

Reassuring stakeholders, IHCL confirmed in its filing:“There will be no impact on operations or other activities of the company.”

This statement affirms that the issue is not expected to affect ongoing business functions or the strategic direction of the company.

Stock Performance 

On April 01, 2025, IHCL share price ended 0.04% higher at ₹836.70. IHCL share price reached a 52-week high of ₹894.15 and a 52-week low of ₹507.45. As per BSE, the total traded volume for the stock stood at 0.29 lakhs with a turnover of ₹2.46 crores.

According to exchange data, IHCL shares are trading at a price-to-earnings (P/E) ratio of 92.10x, based on its trailing 12-month earnings per share (EPS) of ₹9.14, and a price-to-book (P/B) ratio of 11.54.

Conclusion

IHCL is a leading player in the global hospitality sector, operating a vast portfolio of hotels under well-known brands including Taj, SeleQtions, Vivanta, and Ginger. The company continues to expand its footprint across key domestic and international markets, with a focus on premium hospitality experiences.

The disclosure demonstrates IHCL’s commitment to transparency and regulatory compliance while maintaining business continuity and brand integrity.

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