Fortis Healthcare Limited has informed stock exchanges about Supreme Court order dated 25th September, 2026 in the Daiichi Sankyo vs Singh Brothers matter. The disclosure was made under Regulation 30 on 27th September, 2026.
Supreme Court Order Details
Forensic Audit Allowed But Observations Tentative
- SLP Disposed: Supreme Court disposed of Special Leave Petition filed by Fortis Healthcare challenging Delhi High Court order dated 31st August, 2026
- Audit To Proceed: Supreme Court allowed forensic audit to proceed
- Tentative Observations: Court clarified various paragraphs in Delhi High Court judgment are tentative and only for making out a case for forensic audit
- Independent Audit: Forensic audit shall be conducted independently without being influenced by observations
- No Liability: As per previous disclosure dated 1st September, 2026, Delhi High Court has not imposed any liability, penalty or fine on the Company
- Event Time: Date and time of occurrence is 26th September, 2026 at 12:39 PM IST
Why This Update Matters
- Stranger To Dispute: Company is stranger to underlying dispute between Daiichi and Singh Brothers, never party to arbitration, neither judgment debtor nor garnishee
- Shareholding History: Singh Brothers shareholding fell below 1% and resigned from Board by March 2018, institutional shareholders appointed independent directors
- New Promoter: Investment by Northern TK Venture Pte. Ltd., part of IHH Healthcare Berhad group, was through fresh equity issuance in November 2018 after all approvals
- Governance Focus: Company says confident independent audit will attest facts and remains committed to highest standards of corporate governance
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