fortis healthcare limited tower-a, unitech business park, block … · 2018/6/1  · complex,...

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FORTIS HEALTHCARE LIMITED Regd. Office : Fortis Hospital, Sector 62, Phase VIII, Mohali 160062 Tel : 0172-5096001, Fax : 0172-5096221, CIN : L85110PB1996PLC045933 Fortis Healthcare Limited Tower-A, Unitech Business Park, Block-F, South City 1, Sector 41, Gurgaon, Haryana 122 001 (India) Tel : 0124 492 1033 Fax : 0124 492 1041 Emergency : 105010 Email : [email protected] Website : www.fortishealthcare.com FHL/SEC/STEX/RR/2018-19 June 1, 2018 The National Stock Exchange of India Ltd. BSE Limited Corporate Communications Department Corporate Services Department, “Exchange Plaza”, 5th Floor, Bandra-Kurla Phiroze Jeejeebhoy Towers Dalal Complex, Bandra (East), Mumbai - 400051 Street, Mumbai – 400 001 Scrip Symbol: FORTIS Scrip Code:532843 Sub: Regulation 30 Update- EWS Order Dear Sir(s), This is in continuation to the letters Ref. No. FHL/SEC/STEX/RR/2018-19 dated June 10, 2016, August 2, 2016 and May 29, 2018, whereby the Company had informed that one of our subsidiaries viz. Escort Heart Institute & Research Centre Limited (EHIRCL) had received an order dated 28.5.2018 from the Office of the Special Committee directing it to deposit an amount of Rs. 503, 36, 52, 824/- (Rupees Five Hundred & Three Crores, Thirty Six Lac Fifty- Two Thousand Eight Hundred and Twenty Four only) in the account of the Delhi Government, in favour of Director General of Health Services, within month of receiving the said order. It is hereby informed that a writ petition was filed by EHIRCL before the Hon’ble High Court of Delhi challenging the aforesaid order. Today, the Hon’ble High Court has stayed the order passed by the Special Committee, subject to deposit of Rs. 5 Crore within 3 weeks and has directed that no coercive action shall be taken against EHIRCL till the next date of hearing i.e. December 6, 2018. Further, the court has also ordered the Special Committee to provide details of the rationale and calculation of their alleged demand. A press statement in this regard is enclosed. This is for your information and records please. Thanking you, Yours faithfully For Fortis Healthcare Limited Rahul Ranjan Company Secretary M. No. ACS 17035

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Page 1: Fortis Healthcare Limited Tower-A, Unitech Business Park, Block … · 2018/6/1  · Complex, Bandra (East), Mumbai - 400051 Street, Mumbai – 400 001 Scrip Symbol: FORTIS Scrip

FORTIS HEALTHCARE LIMITED

Regd. Office : Fortis Hospital, Sector 62, Phase – VIII, Mohali – 160062

Tel : 0172-5096001, Fax : 0172-5096221, CIN : L85110PB1996PLC045933

Fortis Healthcare Limited

Tower-A, Unitech Business Park, Block-F,

South City 1, Sector – 41, Gurgaon,

Haryana – 122 001 (India)

Tel : 0124 492 1033

Fax : 0124 492 1041

Emergency : 105010

Email : [email protected]

Website : www.fortishealthcare.com

FHL/SEC/STEX/RR/2018-19 June 1, 2018 The National Stock Exchange of India Ltd. BSE Limited Corporate Communications Department Corporate Services Department, “Exchange Plaza”, 5th Floor, Bandra-Kurla Phiroze Jeejeebhoy Towers Dalal Complex, Bandra (East), Mumbai - 400051 Street, Mumbai – 400 001 Scrip Symbol: FORTIS Scrip Code:532843

Sub: Regulation 30 Update- EWS Order Dear Sir(s), This is in continuation to the letters Ref. No. FHL/SEC/STEX/RR/2018-19 dated June 10, 2016, August

2, 2016 and May 29, 2018, whereby the Company had informed that one of our subsidiaries viz. Escort

Heart Institute & Research Centre Limited (EHIRCL) had received an order dated 28.5.2018 from the

Office of the Special Committee directing it to deposit an amount of Rs. 503, 36, 52, 824/- (Rupees

Five Hundred & Three Crores, Thirty Six Lac Fifty- Two Thousand Eight Hundred and Twenty Four only)

in the account of the Delhi Government, in favour of Director General of Health Services, within month

of receiving the said order.

It is hereby informed that a writ petition was filed by EHIRCL before the Hon’ble High Court of Delhi

challenging the aforesaid order. Today, the Hon’ble High Court has stayed the order passed by the

Special Committee, subject to deposit of Rs. 5 Crore within 3 weeks and has directed that no coercive

action shall be taken against EHIRCL till the next date of hearing i.e. December 6, 2018. Further, the

court has also ordered the Special Committee to provide details of the rationale and calculation of

their alleged demand.

A press statement in this regard is enclosed.

This is for your information and records please.

Thanking you, Yours faithfully For Fortis Healthcare Limited Rahul Ranjan Company Secretary M. No. ACS 17035

Page 2: Fortis Healthcare Limited Tower-A, Unitech Business Park, Block … · 2018/6/1  · Complex, Bandra (East), Mumbai - 400051 Street, Mumbai – 400 001 Scrip Symbol: FORTIS Scrip

PRESS STATEMENT

“This is with reference to recent news reports that Fortis Escorts Heart Institute & Research Centre (EHIRCL) has received an order dated June 9, 2016, from the Directorate General of Health Services (DGHS) for the recovery of Rs. 503, 36, 52, 824/- on account of unwarranted profit allegedly made by it by not complying with the conditions of allotment letter/lease deed of Delhi Development Authority (DDA), which had granted the land to the hospital on the condition that it would provide free treatment to 25 per cent of its patients. A writ petition was filed by EHIRCL before the Hon’ble High Court of Delhi challenging the aforesaid order. As a result today, the Hon’ble High Court has stayed the order passed by the Special Committee, subject to deposit of Rs. 5 Crore within 3 weeks and has directed that no coercive action shall be taken against EHIRCL till the next date of hearing i.e. December 6, 2018. Further, the court has also ordered the Special Committee to provide details of the rationale and calculation of their alleged demand. As a responsible, process and guideline oriented healthcare entity, we continue to comply with necessary guidelines mandated by regulatory bodies and ensure best possible care to each and every patient”.