Disclosure under Regulation 30(2) of the Securities and Exchange Board of India (LODR) Regulations,2015.
KOVAI · price
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Awaiting price reaction for this filing.
Kovai Medical Center & Hospital received a Show Cause Notice from the Office of the Assistant Commissioner of GST and Central Excise, Coimbatore, on January 27, 2026. The notice relates to non-payment of GST on charges collected under the 'UK Visa Medical Package' service, where the company provides medical certificates for UK visa applicants. The quantified demand is Rs. 1,74,960 (CGST Rs. 87,480 + SGST Rs. 87,480) along with applicable interest and a possible penalty under Section 73(9) of the CGST Act. The notice follows a broader GST audit covering FY2019-20 to FY2023-24, during which the company had already settled tax dues on six other flagged items. The company has stated it will file an appropriate response within the prescribed timelines.
The financial impact is minor (Rs. 1.74 lakh in tax demand plus modest interest and possible penalty), and this is a routine tax compliance matter. No material effect on operations or stock price is expected, though shareholders should note the final adjudication outcome.