Fortis Malar Hospitals MD, chairman, board of directors and AGM
BSE: 523696Healthcare ServicesSmall Cap
Last close ₹40.21down ₹0.65 (1.59%)
Share price at the BSE close on 23 Oct 2026. Previous close ₹40.86.
52-week range of traded prices to 23 Oct 2026
₹39.00Low, 16 Oct 2026₹69.60High, 23 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹75 Cr2,910th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 4 Aug 2026
- 550.9
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 13 Jul 2026
- 2.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 4 Aug 2026
- 0.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 4 Aug 2026
- −4.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 13 Jul 2026
- 0.00
- Volume, BSEVolume. Shares traded on the last trading day.
- 6,157
Fortis Malar Hospitals board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonDaljit Singh
- Company Secretary and Compliance OfficerVinti Verma
6 directors2 independent1 executive3 non-executive
- Daljit Singh · ChairpersonNon-executive · joined Dec 2014 · 1 listed board · 1 committee seat
- Ritu GargNon-executive · joined May 2025 · 1 listed board · 1 committee seat
- Shailaja ChandraIndependent · joined Mar 2021 · reappointed Mar 2026 · 63 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Suvalaxmi ChakrabortyIndependent · joined Oct 2024 · 21 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 3 as chair
- Richa Singh DebguptaNon-executive · joined Oct 2023 · 1 listed board
- Bidesh Chandra PaulExecutive · joined Jan 2026 · 1 listed board · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- Chandrasekar Ramasamy, left 18 Jan 2026: Others
- Ramesh Lakshman Adige, left 5 May 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 18 May 20266 of 6 present2 independent · 100 days in between
- 6 Feb 20266 of 6 present2 independent
Audit Committee
Chair Suvalaxmi Chakraborty
Ritu Garg, Shailaja Chandra
- 18 May 20263 of 3 present2 independent · 100 days in between
- 6 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Shailaja Chandra
Daljit Singh, Suvalaxmi Chakraborty
- 18 May 20263 of 3 present2 independent · 100 days in between
- 6 Feb 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Shailaja Chandra
Daljit Singh, Bidesh Chandra Paul
- 18 May 20263 of 3 present1 independent · 100 days in between
- 6 Feb 20263 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- BSR & Co.LLP, Chartered AccountantsPeer-review certificate valid to Jul 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeIncome Tax DepartmentSince 27 Dec 2011No change
At the filing before: The Company (Fortis Malar Hospitals Limited) had written off advances aggregating Rs 2.89 Crores in the financial year 2008-09 i.e. AY 2009-10. The office of the ACIT vide its order dated 27 December 2011 has disallowed the said amount. Aggrieved by the Order of the ACIT, the Company went into appeal with CIT(Appeals). CIT(Appeals) vide its order dated 21 September 2012 has confirmed the disallowance of advances written off aggregating Rs 2.89 Crores. Aggrieved by the Order of the CIT(Appeals), the Company went into appeal with ITAT. ITAT vide its order dated 25 June 2015 has confirmed the disallowance of advances written off aggregating Rs 2.89 Crores. Aggrieved by the Order of the ITAT, the Company has filed an appeal (T.C.A. No. 1165 of 2015) in the High Court of Judicature at Madras (“High Court”). The matter is currently pending before High Court of Judicature at Madras.MoreLess
- Tax disputeState of Tamil Nadu, Commercial Taxes and Registration DepartmentSince 28 May 2020No change.
At the filing before: In case of Fortis Malar Hospitals Limited, On 28 May 2020, the High Court of Judicature at Madras (“High Court”) has pronounced a common order on the liability to pay Value Added Tax (VAT) under the provisions of Tamil Nadu Value Added Tax Act, 2006 on the stents, valve, x-ray etc. (except medicine) used while treating their in-house patients. High Court directed reply to be filed to notice, on the other hand has concluded on VAT applicability on prosthetics and implants. The said order pronounced disposes the writ petitions filed by the Company in 2012 against notices for proposal of revising the assessment order for assessment years from 2008-09 to 2011-12 issued by the Assistant Commissioner (CT) wherein an amount of Rs. 254.93 lakhs (Rs.73.37 lakhs pertaining to implants) has been proposed to demanded on 31 January 2012. Against the said order, the Company has filed Writ Appeals with the Division Bench of the Madras High Court on 16 October 2020 and the same is currently pending.MoreLess
- Tax disputeIncome Tax DepartmentSince 31 Mar 2025No change
At the filing before: The Company (Fortis Malar Hospitals Limited) has received Assessment Order dated 28.03.2025 u/s 143(3) r.w.s. 263 of the Income Tax Act, 1961 for the Assessment Year 2018-19, wherein total additions/disallowances of INR 370.52 lakhs has been made on account of allged non-deduction of TDS and a demand of Rs.150.61 lakhs has been raised. The Company is in process of filing an appeal before Commissioner of Income Tax (Appeals) against the same. Appeal before Commissioner of Income Tax (Appeals) has been filed on 21.04.2025MoreLess
- Tax disputeState Tax Officer (ST)- Group IX, Chengalpattu Intelligence Division, Tamil NaduSince 31 Oct 2025No change
At the filing before: The Company (Fortis Malar Hospitals Limited) has received Order dated 31.10.2025 wherein GST Authority has raised a demand of INR 1.14 Lakhs (including interest and penalty of INR 0.42 Lakhs and INR 0.36 Lakhs respectively). The GST Authority had issued a show cause notice for an amount of INR 4176.41 Lakhs for the period April, 2018 to March, 2019. On submission of response by the Company, demand of INR 1.14 Lakhs (including interest and penalty of INR 0.42 Lakhs and INR 0.36 Lakhs respectively) has been raised and the show cause notice in relation to balance amount has been dropped. The Company is in process of filing an appeal before Appellate Deputy Commissioner (ST) (GST), Chennai-II against the same. Appeal before Appellate Authority has been filed on 29.01.2026MoreLess
- Tax disputeState Tax Officer (ST)- Group IX, Chengalpattu Intelligence Division, Tamil NaduSince 25 Nov 2025No change
At the filing before: The Company (Fortis Malar Hospitals Limited) has received Order dated 25.11.2025 wherein GST Authority has raised a demand of INR 2.78 Lakhs (including interest and penalty of INR 0.81 Lakhs and INR 0.98 Lakhs respectively). The GST Authority had issued a show cause notice for an amount of INR 3293.11 Lakhs for the period April, 2020 to March, 2021. On submission of response by the Company, demand of INR 2.78 Lakhs (including interest and penalty of INR 0.81 Lakhs and INR 0.98 Lakhs respectively) has been raised and the show cause notice in relation to balance amount has been dropped. The Company is in process of filing an appeal before Appellate Deputy Commissioner (ST) (GST), Chennai-II against the same. Appeal before Appellate Authority has been filed on 20.02.2026MoreLess
- Tax disputeState Tax Officer (ST)- Group IX, Chengalpattu Intelligence Division, Tamil NaduSince 26 Nov 2025No change
At the filing before: The Company (Fortis Malar Hospitals Limited) has received Order dated 26.11.2025 wherein GST Authority has raised a demand of INR 4.29 Lakhs (including interest and penalty of INR 1.05 Lakhs and INR 1.62 Lakhs respectively). The GST Authority had issued a show cause notice for an amount of INR 3811.68 Lakhs for the period April, 2021 to March, 2022. On submission of response by the Company, demand of INR 4.29 Lakhs (including interest and penalty of INR 1.05 Lakhs and INR 1.62 Lakhs respectively) has been raised and the show cause notice in relation to balance amount has been dropped. The Company is in process of filing an appeal before Appellate Deputy Commissioner (ST) (GST), Chennai-II against the same. Appeal before Appellate Authority has been filed on 20.02.2026MoreLess
- Tax disputeIncome Tax DepartmentSince 19 Mar 2026Added in quarter ending Mar 26 and Appeal is filed on 28.04.2026 which was withdrawn on 13.07.2026
At the filing before: The Company (Fortis Malar Hospitals Limited) has received Order dated 19.03.2026 u/s 154 r.w.s.143(3) of the Income Tax Act, 1961 for the Assessment Year 2018-19, wherein income authorities have done rectification to previous order passed with total additions/disallowances of INR 370.52 lakhs on account of allged non-deduction of TDS with a revised tax demand of Rs.198.83 lakhs has been raised. The Company is in process of filing an appeal before Commissioner of Income Tax (Appeals) against the same. The Company has filed an appeal before Hon'ble Commissioner of Income Tax (Appeals) on 28.04.2026. However, same has been withdrawn by the Company on 13.07.2026.MoreLess
- Tax disputeState Tax Officer (ST)- Group IX, Chengalpattu Intelligence Division, Tamil NaduSince 4 Feb 2025No change
At the filing before: The Company (Fortis Malar Hospitals Limited) has received Order dated 04.02.2025 wherein GST Authority has raised a demand of INR 4.82 Lakhs (including interest and penalty of INR 1.83 Lakhs and INR 1.49 Lakhs respectively). The GST Authority had issued a show cause notice for an amount of INR 3053.42 Lakhs for the period July, 2017 to March, 2018. On submission of response by the Company, demand of INR 4.82 Lakhs (including interest and penalty of INR 1.83 Lakhs and INR 1.49 Lakhs respectively)has been raised and the show cause notice in relation to balance amount has been dropped. The Company is in process of filing an appeal before Appellate Deputy Commissioner (ST) (GST), Chennai-II against the same. Appeal before Appellate Authority has been filed on 02.05.2025MoreLess
3 more
- Tax disputeState Tax Officer (ST)- Group IX, Chengalpattu Intelligence Division, Tamil NaduSince 11 Nov 2025No change
At the filing before: The Company (Fortis Malar Hospitals Limited) has received Order dated 11.11.2025 wherein GST Authority has raised a demand of INR 4.99 Lakhs (including interest and penalty of INR 1.67 Lakhs and INR 1.67 Lakhs respectively). The GST Authority had issued a show cause notice for an amount of INR 4718.69 Lakhs for the period April, 2019 to March, 2020. On submission of response by the Company, demand of INR 4.99 Lakhs (including interest and penalty of INR 1.67 Lakhs and INR 1.67 Lakhs respectively) has been raised and the show cause notice in relation to balance amount has been dropped. The Company is in process of filing an appeal before Appellate Deputy Commissioner (ST) (GST), Chennai-II against the same. Appeal before Appellate Authority has been filed on 06.02.2026MoreLess
- Tax disputeState Tax Officer (ST)- Group IX, Chengalpattu Intelligence Division, Tamil NaduSince 1 Dec 2025No change
At the filing before: The Company (Fortis Malar Hospitals Limited) has received Order dated 01.12.2025 wherein GST Authority has raised a demand of INR 4.19 Lakhs (including interest and penalty of INR 0.80 Lakhs and INR 1.70 Lakhs respectively). The GST Authority had issued a show cause notice for an amount of INR 3454.54 Lakhs for the period April, 2022 to March, 2023. On submission of response by the Company, demand of INR 4.19 Lakhs (including interest and penalty of INR 0.80 Lakhs and INR 1.70 Lakhs respectively) has been raised and the show cause notice in relation to balance amount has been dropped. The Company is in process of filing an appeal before Appellate Deputy Commissioner (ST) (GST), Chennai-II against the same. Appeal before Appellate Authority has been filed on 26.02.2026MoreLess
- Tax disputeIncome Tax DepartmentSince 24 Dec 2025No change
At the filing before: The Company (Fortis Malar Hospitals Limited) has received Intimation Order dated 24.12.2025 u/s 143(1) of the Income Tax Act, 1961 for AY 2024-25 wherein Centralized Processing Centre (“CPC”), Income Tax department, Bengaluru has processed Return of Income filed by the Company and issued Intimation Order u/s 143(1) wherein demand of INR 20.82 Lakhs has been raised. The Company is evaluating all options including filing an appeal against the order. Company has filed appeal against this order on 20.01.2026 and also filed rectification request on 10.02.2026, in repsonse to our request Income Tax Department has rectified their previous order dated 24.12.25 and passed new order u/s 154 on 26.03.2026 accepting our request and passed the order with final refund of Rs. 41.12 LacsMoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
None open at any quarter's end.
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.