Fortis Healthcare Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)'.
FORTIS · price
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Fortis Healthcare Limited informed the exchanges that its wholly-owned subsidiary, Fortis Hospitals Limited, has received an income tax assessment order dated March 27, 2026 for Assessment Year 2024-25. The Income Tax Authority has raised a demand of INR 117.04 Crores on the subsidiary. The company is evaluating all legal options, including filing an appeal and a rectification application against the order. The disclosure was made under Regulation 30 of SEBI Listing Regulations. Fortis Hospitals Limited is a key operating subsidiary of Fortis Healthcare, and the demand represents a potential financial liability that the company will contest.
A tax demand of ₹117.04 Cr on a wholly-owned subsidiary is a material financial matter for Fortis Healthcare. While the company intends to appeal, investors should track the outcome as an adverse order could impact earnings. In the near term, the stock may see some negative sentiment, but since the company is contesting, the actual cash outflow is uncertain.