Max Estates Limited — Important, 06-02-2025: General Updates

Max Estates has received an order from the GST Department in Noida, demanding a total tax and penalty of ₹3.31 crore related to the financial years 2017-18, 2018-19, and 2019-20. The company asserts that it has strong legal grounds to contest this order and plans to file an appeal with the appropriate authorities. Importantly, the management does not foresee any material impact on its financial or operational activities due to this demand. Investors should watch closely as the outcome of the legal challenge could influence the company’s financial standing.