Date: August 26, 2026
Regulatory Disclosure Details
Max Healthcare Institute Limited has made a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding a show cause cum demand notice received by its wholly-owned subsidiary.
Legal / Strategic Disclosures
Nature of Disclosure:
- Alps Hospital Limited (formerly known as Max Hospitals and Allied Services Limited), a wholly-owned subsidiary of Max Healthcare Institute Limited, has received a show cause cum demand notice under section 74(1) and 74(A)(1) of the Central Goods and Services Tax Act, 2017
- The notice was issued by the Office of the Pr. Additional Director General, Mumbai Zonal Unit, Directorate General of Goods & Services Tax Intelligence
- The notice was received on August 25, 2026 at 5:12 pm (IST)
Details of Dispute:
- The notice alleges non-payment of GST on variable management fee by Alps Hospital Limited
- The management is in the process of filing submissions against the aforesaid demand
Financial Implications:
- Alleged GST demand: ₹55,23,52,071/- (₹550.235 million) and applicable interest
- Alleged Penalty under two provisions:
- ₹55,23,52,071/- under Section 74(1) and 74A(5)(ii) of the Central Goods and Services Tax Act, 2017
- ₹55,23,52,071/- under Section 122(2)(b) of the Central Goods and Services Tax Act, 2017
- Total potential financial exposure: ₹165,70,56,213/- (₹1,657 million) plus applicable interest
Regulatory Compliance:
- Disclosure made pursuant to SEBI Listing Regulations requirements
- The disclosure will be hosted on the company's website at www.maxhealthcare.in