Artemis Medicare Services Limited — Others, 22-11-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Artemis Medicare Services Limited has filed a writ petition in the High Court of Punjab & Haryana against a Show Cause Notice from the Goods and Service Tax Department of Haryana. The notice alleges that the company failed to remit GST collected from in-patients on medicines and consumables, potentially facing financial implications of ₹63.04 Crores plus interest and penalty. This legal action may impact the company’s operational cash flow and governance. Investors should consider this development a potential risk, as it could affect the firm’s financial health and investor sentiment.