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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Fortis Malar Hospitals Ltd held its Board Meeting on May 18, 2026, approving audited standalone and consolidated financial results for Q4 and full year ended March 31, 2026. Statutory auditors B S R & Co. LLP issued an unmodified (clean) audit opinion. The Company posted standalone profit after tax of Rs 4,127 lakhs and consolidated PAT of Rs 4,137.4 lakhs for FY2026, with full-year EPS of Rs 2.24 (standalone) and Rs 2.21 (consolidated). CRITICAL: The auditors issued an 'Emphasis of Matter' noting that after the slump sale of business operations to MGM Healthcare, the Company has ceased to have any business operations, with no visibility of new operations. Management is evaluating corporate restructuring options. The auditors drew attention to going concern basis being used, though opinion was not modified. The Company holds cash reserves of approximately Rs 3,458.24 lakhs to meet obligations. Additionally, the Malar Open Offer by IHH Healthcare Berhad was completed on November 10, 2025. Two policies were also updated: Materiality Determination Policy and Insider Trading Code.
The company is now essentially a shell with no operating business, though it holds substantial cash. The auditors' emphasis of matter highlights significant uncertainty about the company's future direction despite clean audit opinion. Shareholders face uncertainty as restructuring plans are pending.