NSEGeneral Updates4d ago · 26 Aug 2026, 04:33 pm
General Updates
Max Healthcare Institute Limited · MAXHEALTH
✦ AI Summary▼ NegativeRegulatory
Max Healthcare Institute Limited has informed the Exchange about disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding a show cause cum demand notice received by its wholly-owned subsidiary Alps Hospital Limited from the Office of the Pr. Additional Director General, Mumbai Zonal Unit, Directorate General of Goods & Services Tax Intelligence for alleged non-payment of GST on variable management fee.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment3/10
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Full Announcement
Max Healthcare Institute Limited has informed the Exchange about disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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August 26, 2026
Listing Department, Listing Department,
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot C-1, Block G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra (E), Dalal Street,
Mumbai - 400 051 Mumbai - 400 001
Symbol: MAXHEALTH Scrip Code: 543220
Sub.: Disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir / Madam,
This is to inform that Alps Hospital Limited (formerly known as Max Hospitals and Allied Services Limited),
a wholly-owned subsidiary of the Company has received a show cause cum demand notice under section 74(1) and
74(A)(1) of the Central Goods and Services Tax Act, 2017 from the Office of the Pr. Additional Director General, Mumbai
Zonal Unit, Directorate General of Goods & Services Tax Intelligence.
Details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed
as Annexure.
This disclosure will also be hosted on Company's website viz. www.maxhealthcare.in.
Kindly take the same on record.
Thanking you
Yours truly,
For Max Healthcare Institute Limited
Dhiraj Aroraa
EVP - Company Secretary and Compliance Officer
Encl.: As above
Annexure
Details with respect to Regulation 30 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Particulars Details
1. Brief details of litigation viz. name(s) Name of the Opposing Party:
of the opposing party, court/ tribunal/ Office of the Pr. Additional Director General, Mumbai Zonal
agency where litigation is filed, brief Unit, Directorate General of Goods & Services Tax Intelligence
details of dispute/ litigation (“Additional Director, DGGI, MZU”)
Court/ Tribunal/ Agency where litigation is filed:
The show cause cum demand notice (“SCN”) was received from
Additional Director, DGGI, MZU for GST demand along with
applicable interest and penalty thereon.
Brief details of dispute/ litigation:
The SCN has been received alleging non-payment of GST on
variable management fee by Alps Hospital Limited, a wholly-
owned subsidiary of the Company.
The management is in process of filing submissions against the
aforesaid demand.
2. Expected financial implications, if any, due ▪ Alleged GST demand: ₹55,23,52,071/- and applicable
to compensation, penalty etc. interest.
▪ Alleged Penalty:
1. ₹55,23,52,071/- under Section 74(1) and 74A(5)(ii) of
the Central Goods and Services Tax Act, 2017; and
2. ₹55,23,52,071/- under Section 122(2)(b) of the Central
Goods and Services Tax Act, 2017.
The SCN was received by the Company on August 25, 2026 at
5.12 pm (IST).
3. Quantum of claims, if any NA