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.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment2/10

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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.