NSEAction(s) taken or orders passed4 Jul 2026 · 4 Jul 2026, 06:00 pm
Action(s) taken or orders passed
Akums Drugs and Pharmaceuticals Limited · AKUMS
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Akums Drugs and Pharmaceuticals Limited's wholly-owned subsidiary, Maxcure Nutravedics Limited, has had a penalty of INR 3,59,10,000/- imposed by the Deputy Commissioner of State Tax, Gujarat, set-aside by the First Appellate Authority, Ahmedabad, Gujarat.
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Update on penalty imposed by the Deputy Commissioner of State Tax, Gujarat, on Maxcure Nutravedics Limited, wholly owned subsidiary of the Company
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Ref: Akums/Exchange/2026-27/29 July 04, 2026
To, To,
The Listing Department The Listing Department
National Stock Exchange of India Ltd BSE Limited
Exchange Plaza, C-1, Block G, 25th Floor, New Trading Ring,
Bandra Kurla Complex, Rotunda Building, Phiroze Jeejeebhoy
Bandra (E), Mumbai – 400 051 Towers, Dalal Street, Mumbai – 400 001
Scrip Code: 544222
Symbol: AKUMS
Sub: Update on penalty imposed by the Deputy Commissioner of State Tax, Gujarat, on
Maxcure Nutravedics Limited, wholly owned subsidiary of the Company
Respected Sir/Madam,
In continuation to the intimation given by Akums Drugs and Pharmaceuticals Limited (“the
Company”) on 15th December, 2025 and 16th December, 2025 vide its reference nos.
Akums/Exchange/2025-26/66 & 67, this is to inform that the orders for imposition of
penalty of INR 3,59,10,000/-, on Maxcure Nutravedics Limited, a wholly-owned subsidiary
of the Company has been set-aside vide the orders passed by the First Appellate Authority,
Ahmedabad, Gujarat dated 03rd July, 2026.
The details as required under the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated 30th January, 2026, are provided in Annexure-A attached
herewith.
This is for your kind information and record.
Thanking You
Yours Faithfully
For Akums Drugs and Pharmaceuticals Limited
Dharamvir Malik
Company Secretary & Compliance Officer
Encl.: As above
Annexure – A
Sl. No. Particulars Details
1 Name of the authority Deputy Commissioner of State Tax,
Appeal (1), Division 1, Ahmedabad,
Gujarat.
2 Nature and details of the action(s) taken Orders for imposition of penalty of
or order(s) passed INR 3,59,10,000/-, on Maxcure
Nutravedics Limited, a wholly-owned
subsidiary of the Company has been
set-aside vide the order passed by the
First Appellate Authority, Ahmedabad,
Gujarat dated 03rd July, 2026.
3 Date of receipt of direction or order, 03rd July, 2026
including any ad-interim or interim
orders, or any other communication
from the authority
4 Details of the violation(s)/ Penalty was imposed on account of
contravention(s) committed or alleged Shipping address mistakenly entered
to be committed incorrect in the invoice and e-way bill of
October 2025.
Whereas the aforementioned penalty
has been set-aside vide its orders
passed by the First Appellate Authority,
Ahmedabad, Gujarat dated 03rd July,
2026
5 Impact on financial, operation or other There will be no financial impact on the
activities of the listed entity, quantifiable C ompany.
in monetary terms to the extent
possible.