Fortis Malar Hospitals Ltd — Board Meeting, 04-08-2025: Board Meeting

Fortis Malar Hospitals' board has approved its financial results for the quarter ended June 30, 2025. The company reported a profit of 4.18 Cr, primarily driven by 4.61 Cr in other income, including a 4.08 Cr reversal of minimum wage provision. The company no longer has business operations following a slump sale and is now evaluating corporate restructuring options. While facing contested tax demands totaling over 196 Cr, management believes the financial exposure is remote. The company holds sufficient cash of 32.32 Cr to meet its obligations. Additionally, its subsidiary converted to a non-profit entity.