Max Healthcare Receives ₹11.33 Lakh Income Tax Penalty

Key Quantitative Figures

The Income Tax Department has levied a penalty of ₹11,33,130 (Eleven Lakh Thirty-Three Thousand One Hundred Thirty Rupees) on the company.

Dates of Action

The order was received by the company on June 26, 2026 at 10:23 am. The disclosure was signed and submitted to the exchanges on the same day at 22:51 hours.

Parties Involved

The order was issued by the Assessment Unit of the Income Tax Department. The disclosure was submitted by Dhiraj Aroraa, EVP - Company Secretary and Compliance Officer of Max Healthcare Institute Limited.

Nature of Violation

The penalty was imposed for transactions of the company with its employees and vendors that were adjusted through journal entries in the books against past debit/credit entries. The Income Tax Department considered these transactions as loan/deposit transactions, leading to the penalty imposition.

Financial Impact

The company has stated that other than the penalty amount of ₹11,33,130 to be paid, there is no other impact on financial, operational or other activities of the company. The financial impact is quantified and limited to the penalty amount.

Appeal Process

The management is in the process of filing an appeal against the order. No timeline or additional details about the appeal process were provided in the disclosure.

Additional Information

The disclosure will be hosted on the company's website at www.maxhealthcare.in. The scrip code for Max Healthcare Institute Limited is 543220.