Max Estates Limited — Others, 04-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Max Estates has received a show cause notice from the Central Goods and Services Tax department regarding the inadmissible input tax credit (ITC) claimed for legal expenses related to NCLT disputes, amounting to INR 2.25 crore (cr). The company asserts that there is no material impact on its financial or operational activities and believes it has strong grounds to contest the notice. Management is preparing a response while closely reviewing the situation. Investors may consider this a neutral impact as the company aims to challenge the claims, but risks remain if adjudication does not go in their favor.