Fortis Healthcare Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements)Regulations 2015 (SEBI Listing Regulations)-Income Tax Order for Wholly Owned Subsidiary'.
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Fortis Healthcare's wholly owned subsidiary, Fortis Hospitals Limited, has received an Income Tax Order dated March 27, 2026 for Assessment Year 2021-22. The tax authority has raised a demand of INR 149.12 crores against the subsidiary. Fortis Hospitals Limited is evaluating all options, including filing an appeal and a rectification application against this order. The disclosure was made under SEBI Regulation 30 as required for material litigations.
This is a significant tax liability demand against the subsidiary that could impact Fortis Healthcare's financial position if the demand is upheld after appeals. However, since the company intends to challenge the order, the actual outflow is uncertain at this stage.