Fortis Malar Hospitals Ltd — Important, 02-01-2026: Company Update

Fortis Healthcare's wholly-owned subsidiary, Fortis Health Management, has received a GST order confirming a demand of INR 5.98 crore. This includes INR 0.79 crore in interest and INR 2.59 crore in penalty for FY 2023-24, related to the denial of GST exemption on healthcare services. The company believes this demand is not maintainable and is in the process of filing an appeal against the order, stating that it does not foresee any relevant impact on its financials or operations. This development is important for investors tracking potential tax obligations.