Receipt of Assessment Order(s) by certain subsidiaries from Income Tax Department

Four wholly-owned subsidiaries of Akums Drugs — Maxcure Nutravedics Limited, Pure and Cure Healthcare Private Limited, Malik Lifesciences Private Limited, and Nicholas Healthcare Limited — have received assessment orders from the Income Tax Department (Deputy Commissioner, Central Circle 1, New Delhi) under Section 158BC of the Income Tax Act, 1961, covering the block period 01.04.2018 to 12.03.2025. The combined tax demand across all four subsidiaries totals Rs. 24,68,33,648 (approximately Rs. 24.7 crore), driven by disallowance of various expenditures under Section 37(1) of the Act. The company states it does not expect material financial impact as the demands are defendable, and all four subsidiaries intend to pursue appeals under applicable law.