Fortis Malar Hospitals Ltd — Important, 01-12-2025: Company Update

Fortis Malar Hospitals received a show cause notice from the GST Authority for a potential demand of INR 34.55 Crore relating to the period of April 2022 to March 2023. After the company's submission, the GST Authority decided to drop the notice for the majority amount. A final demand of only INR 0.04 Crore was confirmed, which includes interest and penalties. This resolution substantially mitigates the company's initial potential financial exposure from the tax dispute, indicating a favorable outcome for shareholders.