Max Estates Limited — Others, 08-04-2025: Action(s) initiated or orders passed

Max Estates has received a Demand Notice from the Income Tax Department for INR 2.48 crore related to the assessment year 2023-24. This amount is linked to tax credits from the recently merged Max Ventures and Industries Limited (MVIL), which have not yet been recognized due to a pending PAN migration. The company is reviewing its options, including a potential appeal. Currently, there is no material impact on financial or operational activities. Investors might view this as a neutral impact, but close monitoring is recommended as the situation develops.