Fortis Healthcare Limited 's wholly-owned subsidiary, Fortis Hospitals Limited, secured a reduction in its tax demand for Assessment Year 2024-25 to ₹61.48 Crores. The Income Tax Authority processed a rectification application, lowering the initial demand of ₹117.04 Crores. This adjustment reduces the immediate financial liability for the subsidiary arising from the tax order.

Rectification Order Details

The Income Tax Authority issued an order on June 3, 2026, under section 154 read with section 143(3) of the Income Tax Act, 1961. This order formally accepted the rectification application filed by the subsidiary. The event was disclosed to the exchanges on June 16, 2026.

The following table outlines the key details of the rectification:

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no additional claims or penalties associated with this specific rectification beyond the revised demand amount.

Fortis Healthcare recorded a notable block trade on the National Stock Exchange (NSE), drawing attention from market participants. The transaction involved approximately 180,476 shares changing hands at a price of Rs. 972.20 per share, aggregating to a total deal value of Rs. 17.55 crores.

Block Trade Details

The following table summarizes the key parameters of the block trade executed on the NSE:

Significance of Block Trades

Block trades are large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants outside the open market order book. Such trades are structured to minimize market impact and are often indicative of substantial portfolio activity. The execution of a Rs. 17.55 crores block deal in Fortis Healthcare at Rs. 972.20 per share underscores the continued institutional interest in the company's stock on the NSE.