NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company29 Sept 2026 · 29 Sept 2026, 07:53 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Artemis Medicare Services Limited · ARTEMISMED
✦ AI SummaryLitigation
Artemis Medicare Services Limited has received a Show Cause Notice from the Office of the Assistant Commissioner, CGST, Gurugram regarding alleged non-payment of GST on medicines, consumables, and implants supplied to in-patients. The company has filed a writ petition before the Hon'ble High Court of Punjab & Haryana, Chandigarh, and is in the process of filing another writ to connect the matter with the previous one.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment3/10
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Full Announcement
Artemis Medicare Services Limited has submitted to the Exchange a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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September 29, 2026
Listing Department, Listing Department,
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (E), Dalal Street,
Mumbai - 400 051 Mumbai - 400 001
NSE Symbol: ARTEMISMED Scrip Code: 542919
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Dear Sir/Ma’am,
Pursuant to Regulation 30 of the SEBI Listing Regulations, it is hereby informed that the Company has
received a Show Cause Notice dated September 28, 2026 from the Office of the Assistant
Commissioner, CGST, Gurugram in relation to the financial year 2022-23. The relevant details pursuant
to Regulation 30 of the SEBI Listing Regulations read with the applicable SEBI Circulars are annexed
herewith as Annexure - A.
Please note that the Company had already filed a writ petition before the Hon’ble High Court of Punjab
& Haryana, Chandigarh in relation to a Show Cause Notice issued for an earlier period concerning the
same matter as covered under the aforesaid Show Cause Notice. The necessary disclosure in this regard
was made by the Company on November 22, 2024.
In the said writ, the Hon’ble High Court vide its interim order stayed the further proceedings in the
concerned matter alongwith writ petitions filed by other hospitals. The Company is in the process of
filing a writ before the Hon’ble High Court of Punjab & Haryana, Chandigarh in relation to the aforesaid
Show Cause Notice dated September 28, 2026 and to connect the matter with the previous writ.
In respect of the captioned matter, we hereby also state and declare that the information and details
provided in Annexure A, in compliance with Regulation 30(13) of the SEBI Listing Regulations, are
true, correct and complete to the best of our knowledge and belief.
This is for your information and records.
Thanking you,
Yours faithfully,
For Artemis Medicare Services Limited
Poonam Makkar
Company Secretary and Compliance Officer
Encl.: As above
Annexure - A
Information as per Regulation 30 and Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
S. No. Particulars Details
1. Name of the listed company Artemis Medicare Services Limited (“the
Company”)
2. Type of communication received Show Cause Notice
3. Date of receipt of communication September 29, 2026 at 10:30 A.M. (IST)
4. Authority from whom communication Office of the Assistant Commissioner, CGST,
received Gurugram
5. Brief summary of the material contents of The Goods and Service Tax Department
the communication received, including alleged that the Company is charging MRP
reasons for receipt of the communication from in-patients (IPD) on medicines,
consumables and implants supplied while
providing Healthcare Services which includes
GST and not remitting the same to the
Government.
6. Period for which communication would be From April 1, 2022 to March 31, 2023
applicable, if stated
7. Brief details of litigation Same as disclosed in point no. 5 above
8. Details of any aberrations/ non- Not applicable
compliances identified by the authority in
the communication
9. Details of any penalty or restriction or Not applicable
sanction imposed pursuant to the
communication
10. Expected financial implications, if any, Rs. 11.11 Crore and interest & penalty thereon
due to compensation, penalty etc.
11. Quantum of claims, if any Rs. 11.11 Crore and interest & penalty thereon
12. Action(s) taken by listed company with The Company is in the process of filing a
respect to the communication writ before the Hon’ble High Court of
Punjab & Haryana, Chandigarh in relation
to the aforesaid Show Cause Notice and to
connect the matter with the previous
pending writ wherein stay has already been
granted alongwith other hospitals.
13. Any other relevant information None