NSEGeneral Updates28 Sept 2026 · 28 Sept 2026, 07:39 pm
General Updates
Narayana Hrudayalaya Ltd. · NH
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Narayana Hrudayalaya Ltd. has received a GST demand order from the Assistant Commissioner of Central Tax, South Division-9, Bengaluru South Commissionerate, raising a demand of Rs. 53,15,150/- along with applicable interest and penalty. The company has decided to prefer an appeal against the said order.
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Narayana Hrudayalaya Ltd. has informed the Exchange about Intimation under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Date of submission: September 28, 2026
To, To,
The Secretary The Secretary
Listing Department Listing Department
BSE Limited National Stock Exchange of India Limited
Department of Corporate Services Exchange Plaza, Bandra Kurla Complex
Phiroze Jeejeebhoy Towers, Mumbai – 400 051
Dalal Street, Mumbai – 400 001
Scrip Code – 539551 (EQ), 975516, 976418 Scrip Code- NH
Dear Sir/Madam,
Sub: Intimation under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, we hereby inform you that the Company has received an Order-in-Original from the Assistant
Commissioner of Central Tax, South Division-9, Bengaluru South Commissionerate, raising a GST demand
on Corporate Guarantee provided by the Company to certain subsidiaries, along with applicable interest
and penalty. The penalty imposed under the order is Rs. 53,15,150/-
Further, the details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with Schedule III and the SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, on the above-mentioned penalty
issue is enclosed as Annexure.
Please take the same on record for dissemination purposes.
Thanking you
Yours faithfully
For Narayana Hrudayalaya Limited
Sridhar S.
Group Company Secretary, Legal & Compliance Officer
Annexure - Details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with Schedule III and the SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Sr. Particulars Description
i Name of the Authority Office of the Assistant Commissioner of Central
Tax, South Division-9, Bengaluru South
Commissionerate
ii Nature and details of the action(s) taken, Order-in-Original passed under Section 74 of
initiated or order(s) passed the CGST Act, 2017 and KGST Act, 2017 in
relation to GST applicability on Corporate
Guarantee provided by the Company to its
subsidiaries.
iii Date of receipt of direction or order, including Order dated September 24, 2026 received by
any ad-interim or interim orders, or any other the Company via registered email on
communication from the authority September 25, 2026.
iv Details of the violation(s)/contravention(s) The GST Authority has alleged non-payment of
committed or alleged to be committed; GST on Corporate Guarantee services
provided by the Company to its subsidiaries
during the period April 2021 to October 2023
and has raised GST demand along with
applicable interest and penalty.
v Impact on financial, operation or other There is no material impact on the Company’s
activities of the listed entity, quantifiable in financials or operations due to the said order.
monetary terms to the extent possible
vi Action taken/to be taken The Company has decided to prefer an appeal
against the said order before the appropriate
appellate authority.
vii Reason for delay in submission, if any The delay in disclosure was due to an
inadvertent delay in internal communication of
the matter. The Company has taken note of the
same and will ensure timely compliance going
forward.
The delay in disclosure was unintentional and
occurred on account of receipt of the Order in
the weekend and inadvertent internal
communication gap. Upon becoming aware of
the matter, the Company took necessary steps
to address the same. The Company has also
taken appropriate measures to strengthen its
internal processes with a view to ensuring
timely compliance in future.