Akums Subsidiary Penalty Set Aside by Gujarat Appellate Authority

Akums Drugs and Pharmaceuticals Ltd announced that a penalty of INR 3,59,10,000 imposed on its wholly-owned subsidiary, Maxcure Nutravedics Limited, by the Deputy Commissioner of State Tax, Gujarat, has been set aside. The order was passed by the First Appellate Authority, Ahmedabad, on July 3rd, 2026. The penalty was originally imposed due to an incorrect shipping address entered on an invoice and e-way bill in October 2025. This decision will have no financial impact on Akums Drugs and Pharmaceuticals Ltd.