The relevent disclosure is attached.

Regulatory & Legal View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.2%Reaction day

₹62.91

prior close

₹62.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+1.8% vs market

Hospital peers, median of 18sector-0.8%+2.0% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.0 pts more than its Hospital peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.7

10m

+1.4

15m

+3.2

30m

+2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.2-0.6+1.8-0.8+2.0

Next day

-2.5-1.1-1.4-1.1-1.4

-1.4-1.6+0.2-2.0+0.5

+0.6-2.7+3.3-2.2+2.8

-1.8-5.0+3.2-3.6+1.7

-4.2-3.1-1.1-2.7-1.5

-4.0-3.3-0.7-3.8-0.2

15d

-2.0-1.8-0.2-3.2+1.2

-4.6-1.2-3.4-2.2-2.4

-12.9-9.0-3.9-14.2+1.3

-17.3-9.7-7.6-9.4-7.9

UpDownMarket · Nifty Microcap 250Sector · Hospital peers, median of 18Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Fortis Malar Hospitals received a GST show cause notice from the State Tax Officer (Group X, Chengalpattu Intelligence Division, Tamil Nadu) for the period April 2022 to March 2023, originally alleging a demand of INR 3,454.54 Lakhs. After the company submitted its response, the GST authority passed an order confirming a demand of only INR 4.19 Lakhs (including interest of INR 0.80 Lakhs and penalty of INR 1.70 Lakhs). The balance demand of roughly INR 3,450 Lakhs was dropped entirely. The disclosure was filed under SEBI Listing Regulations (Reg. 30) on December 1, 2025.

Likely market impact

This is a positive outcome for shareholders — over 99.8% of the original GST demand was dropped, leaving only a negligible financial impact (INR 4.19 Lakhs) and reducing regulatory uncertainty around the company's tax position.