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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fortis Healthcare's wholly-owned subsidiary Fortis Health Management Limited has received a GST order from the State Tax Officer (Group IX, Chengalpattu, Tamil Nadu) dated January 2, 2026. The original show cause notice for FY 2023-24 was for INR 570 lakhs (including penalty of INR 285 lakhs), and the final order confirmed a total demand of INR 597.93 lakhs (including interest of INR 79.29 lakhs and penalty of INR 259.32 lakhs). The dispute relates to denial of GST exemption claimed on healthcare services. The Company considers the demand not maintainable and is in the process of filing an appeal.
Minor negative — the INR 597.93 lakh demand is small relative to Fortis Healthcare's scale, and the company states no material impact on financials, operations, or other activities. Shareholders should monitor the appeal outcome, but the immediate effect on the stock is likely limited.