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

✦ AI SummaryRegulatory

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.

Analysis Scores

Earnings Impact1/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact1/10
Market Sentiment5/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Update on penalty imposed by the Deputy Commissioner of State Tax, Gujarat, on Maxcure Nutravedics Limited, wholly owned subsidiary of the Company

Attachments (1)

📄

NSEAKUMS10_04072026175954_AKUMSGSTMAXCURE.pdf

pdf

Download →
View document text
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.