Max India Subsidiary Receives Assessment Order, Files Rectification Application
Max India Limited announced on March 30, 2026, that its step-down wholly-owned subsidiary, Antara Purukul Senior Living Limited (APSLL), has received an assessment order from the Income Tax Department for the assessment year 2024-25. The order raises a demand of Rs. 31.53 crore.APSLL believes the demand resulted from mistakes apparent on record, specifically due to the non-consideration of brought-forward losses and other eligible tax attributes. The company anticipates that the tax liability will be NIL after accounting for these factors.
APSLL has filed a rectification application with the Income Tax Department to correct the assessment order. Additionally, the company is preparing to file an appeal with the Commissioner of Income Tax (Appeals) within the required timeframe.
APSLL expects a favorable outcome and does not foresee any material financial impact on its financial statements. Max India Limited will provide updates on the matter as they become available.
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