Max India Limited has informed the Exchange about Action(s) initiated or orders passed

Max India Limited's step-down wholly owned subsidiary, Antara Purukul Senior Living Limited, has received an income tax assessment order under Section 143(3) of the Income Tax Act, 1961 for Assessment Year 2024-25. The order raises a tax demand of Rs. 31.53 Crore from the Income Tax Department's assessment unit. The subsidiary has stated that there are mistakes apparent from the record in the assessment. It plans to first file a rectification petition and then appeal against the additions before the relevant appellate authority. The demand is at the subsidiary level, not directly on the listed parent company.