The relevent disclosure is attached.
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Awaiting price reaction for this filing.
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.
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.