Fortis Healthcare Limited has informed the stock exchanges that its wholly owned subsidiary, Fortis Hospitals Limited, received a reduction in income tax demand through a rectification application. The Income Tax Authority processed the application under section 154 read with section 143(3) of the Income Tax Act, 1961, and reduced the demand for Assessment Year 2024-25.
The tax demand was reduced from Rs 117.04 crore to Rs 61.48 crore, lowering the outstanding liability by Rs 55.56 crore. The order was dated June 3, 2026, and the event was recorded on June 16, 2026 at 02:09 PM.
Fortis Healthcare Limited had previously communicated about the matter on March 28, 2026. The rectification application was filed by Fortis Hospitals Limited, which operates as the wholly owned subsidiary of Fortis Healthcare Limited.
The reduction in tax demand follows the processing of the rectification application by the tax authority. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026. Fortis Healthcare Limited made the disclosure to comply with the listing regulations.
No additional claims were quantified, and no penalties were specified in the filing. Fortis Healthcare Limited submitted the disclosure to the National Stock Exchange and BSE Limited.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.