Speciality Restaurants faces penalty over project non-completion

Speciality Restaurants Limited announced today, September 29, 2025, that it has received a notice from the West Bengal Housing Infrastructure Development Corporation Ltd. The notice imposes a penalty of ₹2,17,80,000 for the non-completion of a construction project on Plot No.CF-22/1 at Rajarhat, Kolkata. The penalty covers the period from May 19, 2017, to May 18, 2025, and payment is due within the next 15 days.

The company is currently in discussions with its legal counsel to evaluate the notice and plans to file an appropriate response. While the financial impact will be limited to the extent of this penalty, Speciality Restaurants Limited assures that there will be no broader impact on its operations or other business activities.

Further information regarding this disclosure is available on the company's website. The communication was issued by Avinash Kinhikar, company secretary and legal head of Speciality Restaurants Limited.