Artemis Medicare Services Limited — Others, 28-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Artemis Medicare Services Limited has received an Income Tax demand of ₹3.30 crore (including interest) for the Assessment Year 2023-24, as per a notice dated March 27, 2025. The company plans to appeal this order, believing that the demand will likely be overturned. This situation reflects potential financial implications, including the stress of additional tax liabilities, but also presents an opportunity for the company to contest the demand effectively. Investor sentiment may remain cautious due to the controversy, but a positive outlook exists if the appeal is successful.