Fortis Malar Hospitals Limited has successfully completed its postal ballot process with overwhelming shareholder approval for three key board appointments. The healthcare company received strong support across all resolutions, with approval rates exceeding 99.90% for each proposed appointment.

Postal Ballot Process Overview

The postal ballot concluded on March 27, 2026, with scrutinizer CS Mukesh Kumar Agarwal certifying the results. The company dispatched electronic notices on February 25, 2026, following the notice dated February 6, 2026, and published advertisements in Business Standard (English) and Rozana Spokesman (Punjabi) on February 26, 2026.

Board Appointments Approved

All three resolutions received requisite majority approval with exceptional shareholder support:

Resolution 1: Director Appointment

Mr. Bidesh Chandra Paul (DIN: 08596135) was appointed as director with 1,17,60,663 votes in favor, representing 99.9067% approval.

Resolution 2: Whole-Time Director Appointment

Mr. Bidesh Chandra Paul's appointment as whole-time director was approved with 1,17,60,662 votes in favor, achieving 99.9067% approval rate.

Resolution 3: Independent Director Re-appointment

Ms. Shailaja Chandra (DIN: 03320688) was re-appointed as independent director for a second term of 5 consecutive years effective from March 10, 2026, with 1,17,60,763 votes in favor representing 99.9075% approval.

Detailed Voting Results

Shareholder Participation Analysis

The voting demonstrated strong promoter group support with complete participation, while public participation remained limited. Out of 1,87,41,759 total shares, 1,17,71,646 shares participated in voting, representing 62.81% of outstanding shares.

Regulatory Compliance

The postal ballot was conducted in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and various MCA circulars. The company provided electronic voting facility only, with no physical postal ballot forms received. Two shareholders holding 15 equity shares abstained from voting across all resolutions.

Company Secretary Vinti Verma confirmed that all resolutions were deemed passed on March 27, 2026, strengthening the company's board composition and governance framework for future operations.

Fortis Malar Hospitals Limited has received an Income Tax rectification order with an additional demand of ₹48,22,435 for assessment year 2018-19. The company disclosed this development to the stock exchanges under SEBI listing regulations on March 25, 2026.

Tax Order Details

The Income Tax rectification order was dated March 19, 2026, and pertains to assessment year 2018-19. The company received the order on March 24, 2026, at 2:51 PM, as communicated in its regulatory filing.

Company's Response and Impact Assessment

Fortis Malar Hospitals has stated that based on its assessment, the demand is not maintainable. The company is working on filing an appeal against the Income Tax order. Management has indicated that it does not envisage any material impact on the company's financials, operations, or other activities due to this demand.

Regulatory Compliance

The disclosure was made in continuation of an earlier intimation dated April 1, 2025, and pursuant to Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015. The company provided details as per SEBI Master Circular number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The filing was signed by Vinti Verma, Company Secretary and Compliance Officer, with membership number A44528, and submitted digitally on March 25, 2026.