Max Healthcare faces Rs 32.8 lakh income tax penalty

Regulatory & Legal View source PDF Explain this filing

MAXHEALTH · price

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Price reactionminutes from the announcement price · days from the prior close

+0.9%Reaction day

₹1130.10

prior close

₹1134.90

announcement price

After-mkt

timing

Nifty 100market+0.6%+0.3% vs market

Hospital peers, median of 25sector-0.1%+1.0% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty 100 and 1.0 pts more than its Hospital peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.9+0.6+0.3-0.1+1.0

Next day

-0.4+1.3-1.6+0.7-1.0

+2.0+1.6+0.5+0.8+1.2

+0.2+2.2-2.0+0.7-0.5

-1.4+2.0-3.3+0.3-1.7

-4.0-0.1-3.9-0.6-3.5

-1.8+1.4-3.2+1.0-2.8

15d

-4.3+0.6-4.9+0.3-4.6

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-11.2+1.0-12.2+0.1-11.4

-16.7-5.6-11.1-4.8-11.9

UpDownMarket · Nifty 100Sector · Hospital peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Income Tax Department has levied a penalty of about Rs 32.8 lakhs on Max Healthcare. The tax authority treated certain journal entries used to square off internal liabilities like employee security deposits and vendor adjustments as acceptance or repayment of loans or deposits through non-prescribed modes. The company says this amount is the only impact on financials and operations, and management is filing an appeal against the order.

Likely market impact

Minor penalty relative to company size; appeal filed, no material impact on operations expected.