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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Fortis Malar Hospitals has received an Income Tax rectification order dated March 19, 2026, for assessment year 2018-19. The order raises an additional tax demand of Rs. 48.22 lakh on account of interest under Section 234D of the Income Tax Act. The company received the order on March 24, 2026, and has stated that based on its assessment, the demand is not maintainable. The company plans to file an appeal against the order. Management has indicated no material impact on the company's financials, operations, or other activities from this demand.
The Rs. 48.22 lakh demand is relatively small compared to typical hospital revenues and the company says it will appeal, so this is unlikely to affect shareholders materially. Investors should watch for updates on the appeal outcome, but no immediate concern is flagged by the company.