Max Healthcare Institute Limited has informed the Exchange about disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
MAXHEALTH · price
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Max Healthcare received a Rectification Order dated April 21, 2026 from the GST Officer (Ward 96), Department of Trade and Taxes, Delhi. This is in continuation to an earlier order from December 2025 where the GST authority had alleged excess availment of Input Tax Credit. Upon review of the company's submissions, the authority accepted the rectification application and withdrew the entire GST demand of ₹55,20,45,266 (approximately ₹55.2 crore). The company received the order at 12:27 pm IST on April 21, 2026.
This is a positive development for shareholders as a substantial GST demand of ₹55.2 crore has been fully withdrawn, removing a potential financial liability from the company's balance sheet. The resolution of this tax dispute removes uncertainty around the company's financial position.