CHL News

CHL Limited Reports Q2 Loss, Settles Property Tax Dispute Worth ₹106 Crores

CHL Limited announced its quarterly results for the period ended September 30, 2025. The company reported a standalone net loss of ₹444.27 lakhs for the quarter, compared to a profit of ₹504.01 lakhs in the previous quarter. For the half-year period, the company posted a profit of ₹563.91 lakhs. The company settled a disputed property tax matter by paying ₹1,062.16 lakhs pursuant to a Delhi High Court order dated September 12, 2025, under the Municipal Corporation of Delhi's one-time amnesty scheme. This payment was charged to operational expenses as a non-recurring item. The company continues to deal with ongoing litigation involving EXIM Bank related to a USD 32.50 million loan taken by its subsidiary CJSC CHL International. A One Time Settlement of USD 34 million has been agreed upon and is under implementation. The cases are pending before the Supreme Court of India and Debt Recovery Tribunal. The company's subsidiary CHL International reported total assets of ₹23,577.42 lakhs and a net loss of ₹759.27 lakhs for the quarter.

CHL Limited Loses Court Case Against Delhi Municipal Corporation's Hotel Property Tax

CHL Limited received an unfavorable court order from the Delhi High Court regarding its challenge to differential property tax imposed on hotels by the Municipal Corporation of Delhi. The company had filed a writ petition (W.P.(C)-17113/2004) challenging the notification under the Delhi Municipal Corporation Act, 1957, but the High Court disposed of the petition with an order against the company on September 12, 2025. CHL Limited is currently assessing the financial impact of this court decision.

CHL Limited Reports Board Decisions and Q1 2025 Financial Results with Leadership Changes

CHL Limited's Board of Directors approved several key decisions on August 12, 2025. Mr. Luv Malhotra, Managing Director, was selected as Chairman for the board meeting and will chair the 46th AGM. The company reported unaudited financial results for the quarter ended June 30, 2025, showing standalone revenue from operations of Rs. 1,971.05 lacs compared to Rs. 1,858.61 lacs in the same quarter last year. Standalone profit for the period was Rs. 504.01 lacs versus Rs. 390.71 lacs in the previous year quarter. However, consolidated results showed a comprehensive loss of Rs. 488.67 lacs for the current quarter. The board approved the annual report for FY 2024-2025 and appointed new secretarial and internal auditors. In leadership changes, Mr. Dinesh Kumar Maurya resigned as Company Secretary effective August 12, 2025, and Mr. Ayush Rai was appointed as the new Company Secretary from August 13, 2025. The company continues to face ongoing litigation with EXIM Bank regarding a USD 32.50 million loan taken by subsidiary CJSC CHL International, with cases pending in the Supreme Court and Debt Recovery Tribunal. A One Time Settlement of USD 34 million was executed and is under implementation.

CHL Limited Schedules Board Meeting for August 12, 2025 to Approve Q1 Financial Results

CHL Limited has scheduled a Board of Directors meeting on August 12, 2025, at 12:00 Noon at Hotel The Suryaa, New Delhi. The meeting agenda includes the election/selection of a Chairman for the Board Meeting and consideration and approval of unaudited financial results (standalone and consolidated) for the first quarter ended June 30, 2025. The company has informed the Bombay Stock Exchange about this meeting under SEBI regulations.