Key Quantitative Figures

The order dated 16 June 2026 determines a stamp duty liability of INR 16,27,532 along with a penalty of INR 30,00,000, aggregating to INR 46,27,532. This pertains to the issuance of certain shares by the company in dematerialized form in the year 2023.

Dates of Action

  • Order Date: 16 June 2026
  • Date of Receipt: 16 June 2026 (scanned copy provided)
  • Period of Alleged Contravention: Year 2023 (share issuance)

Parties Involved

  • Issuing Company: SAMHI Hotels Limited (SHL)
  • Issuing Authority: Commissioner, Office of the Divisional Commissioner, Revenue Department: Stamp and Registration Branch, Government of National Capital of Delhi (Collector of Stamps, GNCTD).

Purpose / Rationale

The disclosure is a mandatory regulatory filing under SEBI LODR Regulations. The order itself results from a circular issued on 29 July 2025 by the Additional District Magistrate, Collector of Stamps, Revenue Department, Delhi, which disputed the applicable rate of stamp duty on dematerialized shares under the Indian Stamp Act, 1899.

Financial or Operational Impact

The company explicitly states that the order will not materially impact its financial, operational, or other activities. The maximum possible financial impact is quantified and capped at the aggregated amount of the stamp duty liability and penalty, which is INR 46,27,532.

Details of Alleged Violation

The Collector of Stamps, NCT of Delhi, has alleged that the stamp duty payable on the issuance/allotment of shares was not fully discharged under the law applicable in NCT of Delhi. The authority contends that payment of stamp duty through depositories (NSDL/CDSL) at the applicable rate at the time of allotment does not discharge the company's statutory liability as per their interpretation of the law.

Company's Stance and Context

The company clarifies 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 prescribed depository mechanism at the applicable rates prevailing at the relevant time. The company states the matter involves an interpretation of the provisions of the Indian Stamp Act, 1899, including Section 9A. It is noted that several other companies have filed writ petitions before the Hon'ble High Court of Delhi on this same issue, and proceedings are under judicial consideration.

Action Taken by the Company

The company is evaluating its next course of action in relation to the order.

#Tags: #SAMHIHotels #StampDuty #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral