Fortis Healthcare Limited has informed the Exchange about receipt of GST orders as per attached disclosure
FORTIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than Nifty Midcap 150 and 0.1 pts more than its Hospital peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Fortis Healthcare has received GST orders from the State Tax Officer (Intelligence Division), Chengalpattu, Tamil Nadu, confirming tax demands totalling about INR 21.4 crores across three financial years. The confirmed demands are INR 4.78 crores for FY 2020-21, INR 8.50 crores for FY 2021-22, and INR 8.12 crores for FY 2022-23, each including interest and penalty components. These orders were passed after the company responded to earlier show cause notices; some portions of the original show cause amounts were dropped. The orders were issued on December 29-30, 2025.
The total confirmed demand of ~INR 21.4 crores is a modest hit relative to Fortis Healthcare's overall scale, but it represents a near-term cash outflow risk unless the company successfully appeals. Investors should watch for any further update on whether the company contests these orders in appellate forums.