Sayaji Hotels Receives Property Tax Order from Indore Municipal Corporation

Sayaji Hotels Receives Property Tax Order from Indore Municipal Corporation​

Sayaji Hotels (Indore) Ltd. announced on March 17, 2026, that it received an order from the Commissioner, Indore Municipal Corporation (IMC) on March 16, 2026. The order, initially passed on March 6, 2026, concerns the assessment of property tax and levies a penalty of ₹ 32,69,780 on the company.

The company intends to pursue legal action regarding the order and will update the stock exchange on any further developments.

Detail	Information
Authority	Commissioner, Indore Municipal Corporation
Action Taken	Imposition of penalty in case of Tax Assessment
Date of Order Receipt	March 16, 2026 (Order passed March 6, 2026)
Details of Violation	Assessment of property tax and imposition of penalty under the Madhya Pradesh Municipal Corporation Act, 1956.
Impact on Activities	The total penalty imposed is ₹ 32,69,780.

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