Themis Medicare Limited has informed the Exchange about General Updates
THEMISMED · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Themis Medicare has received a notice from the Income Tax Department (Assistant Commissioner, Vapi Circle) demanding payment of outstanding tax dues totalling about Rs. 13.32 crore across three assessment years: Rs. 8.71 crore for AY 2017-18, Rs. 4.17 crore for AY 2018-19, and Rs. 0.44 crore for AY 2020-21. The notice was received on 25th March 2026 and covers tax, penalty, interest, and fines. The company plans to file an appeal with higher appellate authorities within the prescribed timeline and believes it has strong factual and legal grounds to contest the demand. Management has stated that the matter will not have any adverse impact on the company's financial position or operations.
The Rs. 13.32 crore demand is a material amount and could create near-term cash flow pressure if upheld, but the company is confident of a favourable outcome through appeal. For now, expect some short-term stock volatility on the news, though management's reassurance of no operational impact should limit longer-term damage.