Management addressed recent developments regarding the Delhi High Court order directing a forensic audit.
The audit scope includes reconstructing the erstwhile promoter entity's share evolution, examining IHH's controlling stake acquisition and RHT asset utilization, reviewing any role of Fortis and its officers in share dissipation, and examining financial institutions.
Management clarified that the order does not limit or impact strategic plans, investments, capex, bed expansion, or M&A initiatives.
The audit timeline involves a four-week questionnaire, two weeks for responses, and a six-month reporting window.
Management expressed confidence in the company's past compliance and sees no material adverse outcome, maintaining that Fortis remains the core growth engine for India.
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