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Latest news about Fortis Malar Hospitals

Fortis Malar Hospitals Successfully Resolves Income Tax Demand of INR 20.82 Lakhs 3 days ago

Fortis Malar Hospitals Limited has successfully resolved an income tax demand of INR 20.82 lakhs for Assessment Year 2024-25 through a rectification application processed by the Income Tax department's Centralized Processing Centre in Bengaluru. The rectification order dated March 26, 2026, completely deleted the original demand and determined a refund of Rs.41.11 lakhs in favor of the company. The company has reported no expected financial implications, compensation, or penalties arising from this matter, marking a clean and favorable resolution to the tax dispute.

Fortis Malar Hospitals Completes Postal Ballot with Overwhelming Shareholder Support 4 days ago

Fortis Malar Hospitals Receives Income Tax Demand of ₹48.22 Lakh for Assessment Year 2018-19 6 days ago

Fortis Healthcare Limited Reports Zero Physical Share Transfer Requests for January-February 2026 Mar 16, 2026

Mukand Sumi Special Steel Reports Q3FY26 Results with Total Income of ₹697.33 Crore Feb 26, 2026

More news about Fortis Malar Hospitals

25Feb 26

Fortis Malar Hospitals Limited Issues Postal Ballot Notice for Director Appointments with March 27, 2026 Voting Deadline

Fortis Malar Hospitals Limited has issued a postal ballot notice under Regulation 30 of SEBI LODR seeking shareholder approval for three key resolutions: appointment of Mr. Bidesh Chandra Paul as Director and Whole-Time Director (without remuneration), and re-appointment of Ms. Shailaja Chandra as Independent Director for a second five-year term. The e-voting period runs from February 26 to March 27, 2026, with results to be declared by March 31, 2026.

06Feb 26

Fortis Malar Hospitals Reports Q3FY26 Results and Key Board Appointments

Fortis Malar Hospitals Limited reported Q3FY26 results with standalone net profit of ₹3.59 crores, up 176.2% from ₹1.30 crores in Q3FY25. The Board appointed Bidesh Chandra Paul as Whole-time Director effective February 6, 2026, and reappointed Shailaja Chandra as Independent Director for a second five-year term. Despite no active business operations following hospital business sale, the company maintains ₹3,251.64 lakhs in cash reserves to meet financial obligations.

07Jan 26

Fortis Malar Hospitals Limited Issues Clarification on Erroneous January 2, 2026 Announcement

Fortis Malar Hospitals Limited issued clarification on January 7, 2026, regarding an erroneous announcement dated January 2, 2026, which was inadvertently filed under the company's name but actually pertains to another group company. The company has requested shareholders to ignore the mistaken filing and treat this clarification as official record.

02Jan 26

Fortis Healthcare Subsidiary Receives ₹597.93 Crore GST Demand Order

Fortis Healthcare's subsidiary Fortis Health Management Limited received a GST order demanding ₹597.93 crores for FY 2023-24, comprising principal demand, interest of ₹79.29 crores, and penalty of ₹259.32 crores. The demand stems from denial of healthcare service GST exemption. The company plans to appeal the order and expects no material financial impact.

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.

11Dec 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.

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.

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.

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.

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.

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.

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.

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.