Company Overview

Fortis Malar Hospitals Limited convened its 35th Annual General Meeting on July 29, 2026, to present and adopt the financial statements for FY 2025-26. The company reported exceptional financial performance despite having no business operations following the divestment of its healthcare business to MGM Healthcare Private Limited in February 2024.

Financial Performance

Standalone Results:

  • Net profit surged to ₹4.20 crore in FY26 from ₹0.41 crore in FY25, representing a 955% increase
  • Total income stood at ₹630.18 lakhs while expenses were contained at ₹151.06 lakhs
  • Earnings per share improved significantly to ₹2.24 from ₹0.22 in the previous year

Consolidated Results:

  • Net profit reached ₹413.74 lakhs compared to ₹39.20 lakhs in FY25
  • Revenue from operations was minimal at ₹5.11 lakhs, with other income contributing ₹630.18 lakhs
  • Strong liquidity position with cash and bank balances of ₹3,690.21 lakhs

Corporate Developments

The mandatory open offer by Northern TK Venture Pte Limited (subsidiary of IHH Healthcare Berhad) was completed in November 2025 at a revised price of ₹17.60 per share, following the resolution of the Supreme Court status quo order from December 2018. The company continues to evaluate various corporate restructuring options with legal advisors and merchant bankers.

AGM Agenda Items

The AGM addressed ordinary business including adoption of financial statements and re-appointment of director Mr. Daljit Singh, along with special business to ratify cost auditor remuneration of ₹75,000 plus expenses for FY26. Detailed e-voting procedures and participation guidelines were provided to shareholders.

Governance and Compliance

The board composition saw several changes during the year, including the appointment of Dr. Ritu Garg and Mr. Bidesh Chandra Paul. The company maintains adequate internal financial controls and received only minor regulatory penalties, including a ₹10,000 fine from BSE for XBRL filing non-compliance.

Contingent Liabilities and Risks

Total contingent liabilities amounted to ₹1,125.39 lakhs, comprising patient compensation claims (₹649.40 lakhs), sales tax disputes (₹254.93 lakhs), income tax matters (₹198.83 lakhs), and GST issues (₹22.23 lakhs). The company prepared financial statements on a going concern basis given sufficient cash reserves.

Dividend and Capital Structure

No dividend was recommended for FY26, following substantial payouts in the previous year including an interim dividend of ₹40 per share and final dividend of ₹2.50 per share. The shareholding pattern showed Fortis Hospitals Limited maintaining a 62.71% stake as of March 31, 2026.