Samhi Hotels Limited receives order concerning stamp duty liability on share issuance
Samhi Hotels Limited has received an order from the Office of the Divisional Commissioner, Revenue Department: Stamp and Registration Branch, Government of National Capital of Delhi (GNCTD), regarding the adjudication of stamp duty pertaining to the issuance of certain shares by the company in dematerialized form.The matter arose following a circular issued on 29 July 2025 by the Additional District Magistrate, Collector of Stamps, Revenue Department, Delhi. The dispute concerns the rate of stamp duty applicable to the issuance of dematerialized shares under the Indian Stamp Act, 1899, as amended pursuant to the Finance Act, 2019 and effective from 01 July 2020.
The order was passed on 16 June 2026 under Sections 33, 38, and 40 of the Indian Stamp Act, 1899. This order determines a stamp duty liability of INR 16,27,532/- along with a penalty of INR 30,00,000/-, aggregating to a total amount of INR 46,27,532/- in relation to the issuance of certain shares by Samhi Hotels Limited in dematerialized form during 2023.
According to the detailed information, the Collector of Stamps, Government of NCT of Delhi alleged that the stamp duty applicable under the Indian Stamp Act, 1899, was payable on the share issuance/allotment, stating that payment through depositories like NSDL or CDSL at the time of allotment does not discharge the company's statutory liability under the law applicable in NCT of Delhi.
The company clarified that it had duly paid stamp duty in accordance with Section 9A(1) read with Article 56A of Schedule I of the Indian Stamp Act, 1899, through the depository mechanism prescribed by the Central Government at the rates prevailing at the relevant time. The dispute involves the interpretation of the provisions of the Indian Stamp Act, 1899, including Section 9A thereof, and the applicability of stamp duty in NCT of Delhi regarding the issue or allotment of shares.
The company maintains that this order will not materially impact its financial, operational, or other activities, though the maximum financial impact is capped at the aggregated amount of stamp duty liability and penalty as determined by the authority.
A summary of the action and details are provided below:
| Particulars | Details |
|---|---|
| Name of Authority | Office of the Divisional Commissioner, Revenue Department: Stamp and Registration Branch, Government of National Capital of Delhi. |
| Action Taken or Order Passed | An order dated 16 June 2026, determined stamp duty liability of INR 16,27,532/- along with penalty of INR 30,00,000/-, aggregating to INR 46,27,532/- in relation to the issuance of certain shares by the Company in dematerialized form in the year 2023. |
| Date of Order Receipt | A scanned copy of the order was provided on 16th June 2026. |
| Impact on Financial or Operational Activities | The maximum financial impact is capped at the aggregated amount of stamp duty liability and penalty. |
In response to the communication, Samhi Hotels Limited stated that it is currently evaluating its next course of action concerning the order dated 16th June 2026.
SAMHI Stock Price Movement
On Tuesday, shares of Samhi Hotels Limited edged higher, settling at ₹170.38 after marking a 1.49% gain. The stock saw strong trading volume, with a total of 622,060 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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