Date: June 30, 2026
Regulatory Action Details
Income Tax Penalty Order
- The company received an order from the Assessment Unit, Income Tax Department on June 30, 2026 at 9:57 am (IST)
- A penalty of ₹32,81,528 has been levied by the Income Tax Department
- The penalty was imposed for transactions involving company receivables (employee security deposits or vendor adjustments) that were passed through journal entries to square off or settle internal liabilities
- The Income Tax Department considered these transactions as acceptance or repayment of loans or deposits through non-prescribed modes
Financial Impact and Company Response
- The company states there is no impact on financial, operational or other activities beyond the penalty amount of ₹32,81,528
- Management is in the process of filing an appeal against the order
Disclosure Compliance
- This disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- The disclosure will be hosted on the company's website at www.maxhealthcare.in