Max Financial Services Limited — Important, 24-02-2025: Updates

The GST Department has issued a demand order of INR 1.47 Crore against the company related to input tax credit for the financial year 2020-2021, including penalties and interest. However, the company maintains that there is no material impact on its financial or operational activities. It is confident in its strong legal grounds to contest the order and plans to pursue appropriate legal remedies, including filing an appeal with the relevant authorities. Investors should monitor this situation closely, as it could affect the company’s legal standing and future financial performance.