MAXESTATES2026-10-08MAXESTATES2026-10-08in-capmkt:AtTheTimeOfBecomingPartyToLitigationOrAssessmentOrAdjudicationOrArbitrationOrDisputeMemberMAXESTATES2026-10-08OppositePartyAsPerSubPara8OfParaBDomain1MAXESTATESMax Estates Limited544008NOTLISTEDINE03EI01018Pendency of any litigation(s) or dispute(s) (Sub-para 8-Para B)At the time of becoming the party to any litigation, assessment, adjudication, arbitration or disputeNewfalse2026-10-0713:33:002026-10-08State Tax Department, Government of Uttar Pradesh2026-10-07AgencyState Tax Department, Government of Uttar PradeshCompanyMax Ventures and Industries Limited, which was merged into the Company effective July 31, 2023 (with the appointed date of the merger being April 1, 2022)The Company has received a show cause notice in form GST DRC-01 dated September 26, 2026 from the Office of the Deputy Commissioner, State Tax, Sector-3, Gautam Buddha Nagar, Uttar Pradesh, in relation to FY23, issued under Section 73 of the Central Goods and Services Tax Act, 2017 and the Uttar Pradesh Goods and Services Tax Act, 2017, read with Section 20 of the Integrated Goods and Services Tax Act, 2017, in relation to Max Ventures and Industries Limited, which was merged into the Company effective July 31, 2023 (with the appointed date of the merger being April 1, 2022). Opposing Party: State Tax Department, Government of Uttar Pradesh. Agency: Office of the Deputy Commissioner, State Tax, Sector-3, Gautam Buddha Nagar, Uttar Pradesh. The notice proposes demand of tax along with interest and penalty, primarily in relation to GST return / reconciliation matters for FY23, including differences in annual return / reconciliation statement, input tax credit related reconciliations, credit note related details and other GST reconciliation matters. The show cause notice proposes demand of tax, interest and penalty aggregating to ₹2.59 Crores primarily in relation to GST return / reconciliation matters for FY23.The tax authorities have proposed demand aggregating to ₹2.59 Crores, comprising tax of ₹1.35 Crores, interest of ₹97.25 Lakhs and penalty of ₹26.65 Lakhs. The matter is currently at the show cause notice stage and no final demand or order has been passed. The final financial impact, if any, will depend on the outcome of the adjudication proceedings. Further, there is no impact on the operations or other activities of the Company at this stage.Proposed demand as per the show cause notice is ₹2.59 Crores. The matter is currently at the show cause notice stage and no final demand or order has been passed. The Company is in the process of reviewing the matter and will take necessary actions, including filing of reply, in accordance with applicable laws. The final financial impact, if any, will depend on the outcome of the adjudication proceedings.The present disclosure relates to the receipt of a Show Cause Notice covered under Para B(8) of Part A of Schedule III to Regulation 30 of the SEBI (LODR) Regulations, 2015, and does not pertain to litigation or dispute. The date of initiation refers to the date of receipt of the said Notice by the Company.