Delhi High Court Orders Forensic Audit of Erstwhile Promoter Shareholding in Fortis Healthcare
A single judge bench of the Delhi High Court passed an order on August 31, 2026, concerning applications filed by Daiichi Sankyo Company, Limited against Fortis Healthcare Limited. The Court directed the appointment of a forensic auditor to conduct an inquiry into the dissipation of shareholding of the Singh Brothers, the company's erstwhile promoters, the subsequent change in control of the company, and the role of relevant stakeholders in the matter.The Court's directive is purely investigative in nature. It is important to note that the Hon'ble Court has not imposed any liability, penalty, or fine on Fortis Healthcare Limited. The company confirmed that it was neither a party to the original dispute nor a judgment debtor in the execution proceedings.
The mandate for the forensic audit involves examining the roles played by various banks, financial institutions, the erstwhile promoters and their controlled entities, and the company in relation to the shareholding dissipation and change in control.
Fortis Healthcare Limited stated that it is reviewing the judgment in detail with its legal counsel and will evaluate the appropriate course of action in line with applicable law. The company reiterated its commitment to the highest standards of corporate governance, transparency, and regulatory compliance, while maintaining focus on its operations and the interest of all stakeholders.
Key details regarding the proceeding are summarized below:
| Aspect | Details |
|---|---|
| Court Order Date | August 31, 2026 |
| Case Title | Daiichi Sankyo Company, Limited vs. Malvinder Mohan Singh And Ors. |
| Audit Scope | Factual inquiry into dissipation of Singh Brothers' shareholding and subsequent change in control. |
| Liability Status | The Hon'ble Court did not impose any liability, penalty, or fine on the Company. |
| Company Status | Fortis was neither a party to the original dispute nor a judgment debtor in the execution proceedings. |
FORTIS Stock Price Movement
Shares of Fortis Healthcare Limited slipped on Monday, shedding 2.14% and settling at ₹906.9. The equity traded with a volume of 2.20 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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