Fortis Healthcare Limited has informed the Exchange about receipt of GST orders as per attached disclosure
FORTIS · price
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Awaiting price reaction for this filing.
Fortis Healthcare has received GST orders from the State Tax Officer (Intelligence Division), Chengalpattu, Tamil Nadu, confirming tax demands for three financial years. The confirmed demands are INR 478.08 lakhs for FY2020-21, INR 850.00 lakhs for FY2021-22, and INR 811.53 lakhs for FY2022-23, totaling approximately INR 21.4 crores including interest and penalty. The company had submitted responses to the original show cause notices, and while the balance show cause notices were dropped, the authority still confirmed substantial demands. The orders were issued on December 29-30, 2025, and the company has not yet indicated whether it will appeal.
Shareholders should note a potential outgo of around INR 21.4 crores; the stock may see short-term pressure unless the company announces a plan to appeal or contest these orders at a higher forum.