Northern TK Venture holds 235.3 million Fortis shares in FY26

Northern TK Venture Pte. Ltd. disclosed its shareholding in Fortis Healthcare for the financial year ended 31 March 2026, confirming the ownership of 235,295,895 equity shares. The declaration, submitted to the stock exchanges, stated that no shares were encumbered directly or indirectly during FY26. This disclosure is mandated under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

The filing addressed the Corporate Communications Department of the National Stock Exchange of India Ltd. and the Department of Corporate Services of BSE Ltd. It confirmed that the shareholding position remained unchanged regarding encumbrances throughout the specified financial year. The document was signed by Agarwal Aanchal, Director of Northern TK Venture Pte. Ltd., from Malaysia on 2 April 2026.

Shareholding Details

The disclosure provides specific data regarding the entity's position in Fortis Healthcare Limited for the period ending 31 March 2026.

Particulars	Details
Entity Name	Northern TK Venture Pte. Ltd.
Target Company	Fortis Healthcare Limited
Scrip Symbol	Fortis
Scrip Code	532843
Shares Held	235,295,895 Equity Shares
Date of Shareholding	31 March 2026
Encumbrance Status	No encumbrance made during FY26

Regulatory Compliance

The submission was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. This regulation requires entities holding substantial shares to declare their holdings and confirm whether any shares have been encumbered during the financial year. A copy of the disclosure was also sent to the Company Secretary & Compliance Officer and the Audit Committee of Fortis Healthcare Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.04%	+2.07%	+4.86%	+6.54%	+22.97%	+291.48%

Fortis Healthcare has signed an Operations and Management (O&M) agreement with Dion Group to establish a 300-bed multi-specialty hospital in Cuttack, Odisha. The greenfield project, located at Dion Riverside Township in Trishulia, marks the healthcare provider's entry into the state. This strategic partnership aims to enhance access to advanced tertiary care services for patients across Odisha and neighbouring regions.

The hospital will be developed within the rapidly developing Cuttack-Bhubaneswar corridor and is envisioned as a Centre of Excellence for multiple specialties. It will offer comprehensive tertiary and quaternary care services, supported by advanced diagnostics, critical care infrastructure, and specialised clinical programmes. The facility is expected to reduce the need for patients to travel outside the state for complex medical care.

Expansion Strategy

The collaboration aligns with Fortis Healthcare's broader strategy to expand access to quality healthcare across India through asset-light growth models. This includes operating and management agreements and inorganic growth initiatives. The company currently operates 36 healthcare facilities, including joint ventures and O&M facilities, across 12 states and union territories, comprising over 6,000 operational beds.

Management Commentary

Dr. Ashutosh Raghuvanshi, Managing Director & CEO, Fortis Healthcare, highlighted the significance of the partnership. He stated that the upcoming hospital will play a vital role in improving access to advanced tertiary care services in the region. He added that the collaboration reflects the company's commitment to expanding high-quality healthcare infrastructure.

Mr. Manoj Sahoo, Promoter, Dion Group, expressed satisfaction in partnering with Fortis Healthcare. He noted that the project combines Fortis' clinical and operational expertise with Dion Group's vision of creating modern healthcare infrastructure. He emphasized that the facility will address the growing demand for advanced healthcare services in the state.