The Relevent Disclosure is attached
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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 Malar Hospitals received a show cause notice from the State Tax Officer (Group X, Chengalpattu Intelligence Division, Tamil Nadu) for INR 26.06 Lakhs covering April 2023 to March 2024. After the company submitted its response, the GST Authority passed an order and dropped the entire demand of INR 26.06 Lakhs. The company has reported no financial implications or claims arising from this matter. This disclosure was filed under SEBI Regulation 30 on December 11, 2025.
Positive for shareholders as a potential tax liability of INR 26.06 Lakhs has been fully set aside with no penalty or financial impact on the company. The amount is small relative to the company's operations, so the stock price impact is expected to be minimal.