Fortis Malar Hospitals
54.35
+0.52(+0.97%)
Market Cap₹101.87 Cr
PE Ratio22.24
Company Performance:
1D+0.97%
1M+0.89%
6M-20.10%
1Y-7.68%
5Y+3.03%
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More news about Fortis Malar Hospitals
24Dec 25
Fortis Malar Hospitals Receives Income Tax Demand Order of ₹20.82 Lakhs for AY 2024-25
Fortis Malar Hospitals received an Income Tax intimation order from the Centralized Processing Centre (CPC) in Bengaluru, demanding ₹20.82 lakhs for Assessment Year 2024-25. The order, issued under Section 143(1) of the Income Tax Act, 1961, pertains to the processing of the company's Return of Income. Fortis Malar is evaluating options, including filing an appeal against the order. The company disclosed this information to BSE Limited in compliance with SEBI regulations.
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26Nov 25
Fortis Malar Hospitals Receives Favorable GST Outcomes in Two Separate Cases
Fortis Malar Hospitals Limited has achieved favorable resolutions in two separate GST show cause notice cases. The first case from April 2022-March 2023 resulted in a confirmed demand of only INR 4.19 Lakhs against an initial notice of INR 3,454.54 Lakhs. The second case covering April 2023-March 2024 saw the complete dropping of a INR 26.06 Lakhs demand after the company's response submission, demonstrating strong regulatory compliance capabilities.
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10Nov 25
IHH Healthcare Concludes Open Offers for Fortis and Malar Hospitals with Minimal Response
IHH Healthcare Berhad has concluded mandatory open offers for shares in Fortis Healthcare Limited and Fortis Malar Hospitals Limited. The tendering period closed on November 4, 2025, with minimal shares tendered: 0.0002% for Fortis Healthcare and 0.02% for Fortis Malar Hospitals. Post-offer, IHH's indirect shareholding stands at 31.17% in Fortis Healthcare and 62.73% in Fortis Malar Hospitals. The transaction included a subscription of 235,294,117 new Fortis shares through preferential allotment. The low response to open offers suggests shareholder satisfaction with current holdings and IHH's management.
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07Nov 25
Fortis Malar Hospitals Reports Q2 Results Amid Business Transition
Fortis Malar Hospitals Limited announced its Q2 and H1 2025 financial results, revealing a company in transition after selling its business operations. Despite ceasing operations, the company maintains a strong financial position with Rs. 1,868.87 lakhs in cash and bank balances. Key developments include a provision write-back of Rs. 408.20 lakhs, ongoing legal matters, and the recommencement of an open offer by IHH Healthcare Berhad at a revised price of INR 17.60 per share. The Board is evaluating future corporate restructuring options.
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01Nov 25
Fortis Malar Hospitals Receives Tax Notice from Tamil Nadu Authority
Fortis Malar Hospitals Limited received a show cause notice from the State Tax Officer in Chengalpattu Intelligence Division for the period April 2018 to March 2019. The initial notice amount of INR 4,176.41 lakhs has been substantially reduced to a final demand of INR 1.92 lakhs, including interest and penalties, following the company's response. The GST Authority has dropped the show cause notice for the remaining balance amount.
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16Oct 25
IHH Healthcare Announces Open Offer Tendering Period for Fortis and Malar Hospitals Shares
IHH Healthcare Berhad has initiated open offers to acquire shares in Fortis Healthcare Limited and Fortis Malar Hospitals. The tendering period is set for October 20-November 4, 2025. For Fortis Healthcare, the offer is for up to 197,025,660 shares (26.10% of expanded voting share capital), while for Fortis Malar, it's for up to 4,894,308 shares (26.11% of voting share capital). Northern TK Venture Pte Ltd, an indirect wholly-owned subsidiary of IHH, is the acquiring entity. The Committees of Independent Directors of both companies published their recommendations on October 16, 2025. The transaction also includes a subscription of 235,294,117 new equity shares in Fortis Healthcare through preferential allotment to Northern TK Venture Pte Ltd.
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03Oct 25
SEBI Greenlights IHH Healthcare's Open Offer for Fortis Healthcare and Fortis Malar Hospitals
SEBI has approved IHH Healthcare Berhad's open offers for Fortis Healthcare and Fortis Malar Hospitals. The transaction includes a preferential allotment of 235,294,117 new Fortis shares to IHH's subsidiary, an open offer for up to 26.10% of Fortis Healthcare's expanded voting capital, and another for 26.11% of Fortis Malar Hospitals' voting capital. This approval, communicated on October 1, allows IHH Healthcare to proceed with its strategic investment in the Indian healthcare market. The companies have made necessary disclosures to their respective stock exchanges.
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06Sept 25
Fortis Malar Hospitals Reports Narrowed Q3 FY2023 Loss of Rs 1.17 Crore
Fortis Malar Hospitals Limited reported a standalone loss before tax of Rs 1.17 crore for Q3 FY2023, a 56.83% improvement from the Rs 2.71 crore loss in Q3 FY2022. Revenue from operations increased by 7.09% to Rs 21.90 crore. Total expenses were Rs 24.57 crore, with major components including professional charges to doctors, employee benefits, and purchase of medical consumables. The company's EPS was negative at Rs 0.62. Fortis Malar is dealing with a legal matter regarding hospital building regularization, with related expenses to be borne by Fortis Health Management Limited.
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04Aug 25
Fortis Malar Hospitals Reports Profit of Rs 417.65 Crore in Q1 After Business Sale
Fortis Malar Hospitals Limited reported a profit after tax of Rs 417.65 crore for the quarter ended June 30, primarily due to other income of Rs 460.72 crore following the sale of its business operations. The company has no current business operations but maintains a strong financial position with cash and cash equivalents of approximately Rs 3,232.39 crore. Management is evaluating corporate restructuring options for future action. The company's subsidiary, Malar Stars Medicare Limited, converted to a Section 8 Company. Fortis Malar has filed appeals against various tax demands and reversed a provision of Rs 408.20 crore towards earlier minimum wages payable.
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Fortis Malar Hospitals
54.35
+0.52
(+0.97%)
1 Year Returns:-7.68%
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