NSEGeneral Updates5h ago · 25 Sept 2026, 01:51 pm
General Updates
Fortis Healthcare Limited · FORTIS
✦ AI SummaryLitigation
Fortis Healthcare Limited has informed the Exchange about General Updates on material Litigation filed by Northern TK Venture Pte Ltd. ('NTK'), the Promoter Shareholder of the Company, against Daiichi Sankyo Company, Limited before the Tokyo District Court in Japan.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern5/10
Regulatory Risk6/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment4/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Fortis Healthcare Limited has informed the Exchange about General Updates on material Litigation filed by Northern TK Venture Pte Ltd. ('NTK'), the Promoter Shareholder of the Company, against Daiichi Sankyo Company, Limited before the Tokyo District Court in Japan
Attachments (1)
📄pdf
Download →
FORTIS_25092026135140_FINAL.pdf
View document text
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 : secretarial@fortishealthcare.com
Website : www.fortishealthcare.com
September 25, 2026
FHL/SEC/2026-27
The National Stock Exchange of India Ltd. BSE Limited
Scrip Symbol: FORTIS Scrip Code:532843
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements)
Regulations 2015 (“SEBI Listing Regulations”)- In connection to Material Litigation filed by
Northern TK Venture Pte Ltd. ('NTK'), the Promoter Shareholder of the Company, against Daiichi
Sankyo Company, Limited before the Tokyo District Court in Japan.
In terms of Regulation 30(4) of SEBI Listing Regulations read with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 and reference to our letter dated
November 14, 2023, December 26, 2023, February 23, 2024, May 14, 2024, August 21, 2024, November
7, 2024, February 6, 2025, May 20, 2025, February 19, 2026, April 29, 2026 and September 11, 2026
regarding a material litigation filed by Northern TK Venture Pte Ltd. (“NTK”), the Promoter shareholder
of the Company, against Daiichi Sankyo Company, Limited before the Tokyo District Court in Japan.
In furtherance of the aforesaid announcements, a copy of announcement made by IHH Healthcare Berhad
(“IHH”) dated September 24, 2026, on the Malaysian Stock Exchange (i.e. Bursa Malaysia) and SGX Stock
Exchange, is enclosed herewith.
We will inform you in case of any material developments on the above matter.
The date and time of occurrence of event is September 24, 2026 at 4:02 PM (IST).
Thanking you,
Yours Sincerely,
For Fortis Healthcare Limited
Satyendra Chauhan
Company Secretary & Compliance Officer
ICSI Membership: A14783
Encl: as above
FORTIS HEALTHCARE LIMITED
Regd. Office : Fortis Hospital, Sector 62, Phase – VIII, Mohali – 160062
Tel : 0172-4692222, Fax : 0172-5096221, CIN : L85110PB1996PLC045933
Registration No.: 201001018208 (901914-V)
(Incorporated in Malaysia)
Type : General Announcement
Subject : Material Litigation
Description : IHH HEALTHCARE BERHAD (“IHH” OR THE “COMPANY”)
- Claim before the Tokyo District Court in Japan by Northern TK
Venture Pte Ltd (“NTK”) against Daiichi Sankyo Company, Limited
We refer to our earlier announcements dated 13 July 2018, 15 August 2018, 13 November
2018, 17 December 2018, 18 November 2019, 3 February 2020, 5 March 2020, 17 March
2020, 14 August 2020, 22 September 2022, 23 September 2022, 26 September 2022, 11
November 2022, 17 November 2022, 14 November 2023, 24 November 2023, 26 December
2023, 2 February 2024, 22 February 2024, 18 April 2024, 14 May 2024, 2 August 2024, 21
August 2024, 7 November 2024, 6 February 2025, 20 May 2025, 3 October 2025, 9 October
2025, 16 October 2025, 10 November 2025, 11 November 2025, 19 February 2026, 28 April
2026, 1 September 2026, 10 September 2026 and 17 September 2026 (“Said
Announcements”) in relation to the Transaction. Unless otherwise expressed or defined
herein, all capitalised terms used in this announcement shall have the same meanings as
ascribed to them in the Said Announcements (or any of them).
The Board of Directors of IHH wishes to announce that NTK has, on 24 September 2026, filed
a petition for appeal against the judgement issued by the Tokyo District Court dated 10
September 2026 (the “Judgment”) with the Tokyo High Court. After having assessed the
Judgment, NTK has concluded that it warrants appellate review by a higher court, and
accordingly, has exercised its right of appeal to present its arguments before the Tokyo High
Court. NTK remains committed to the vigorous protection of its rights, interests, and
entitlements through all appropriate legal avenues.
The Company will make further announcement in the event of any material developments on
the above matter.
This announcement is dated 24 September 2026.
Page | 1
MEDIA STATEMENT
Singapore, 24 September 2026 - Northern TK Venture Pte Ltd (NTK), an indirect wholly owned
subsidiary of IHH Healthcare, has filed a petition for appeal with the Tokyo High Court against the
judgment issued by the Tokyo District Court on 10 September 2026.
[https://ihhmy.listedcompany.com/newsroom/IHH_Announcement_Material_Litigation_10.09.20
26_20260910.pdf]
Having assessed the judgment, NTK concluded that it warrants appellate review by a higher court,
and has accordingly exercised its right of appeal.
IHH’s position is that it has suffered losses arising from delays in obtaining the mandatory tender
offer approvals required for its acquisition of Fortis Healthcare. These delays occurred in the
context of a dispute between Daiichi Sankyo and certain judgment debtors, to which IHH was not
a party.
IHH-NTK's acquisition of Fortis in 2018 was undertaken through a transparent, widely public and
fully regulated process. The transaction obtained all necessary corporate, shareholder and
regulatory approvals, including those required under the Competition Commission of India (CCI)
and SEBI takeover regulations.
As one of the largest and longest-standing foreign direct investors in India’s hospital sector, IHH
has remained steadfast in its commitment to the country despite the challenges arising from this
matter. We take pride in our contribution to the advancement of healthcare in India through
sustained investment, responsible stewardship, and a strong commitment to patient care and
governance excellence.
India remains a key strategic market for IHH, and we are committed to deepening our presence
and increasing our investments in the country. Over the next three to five years, we plan to
increase our stake in Fortis to 51%, further integrate our Fortis and Gleneagles platforms, and
expand our capacity to approximately 10,000 beds by 2031 to meet India's growing healthcare
needs.
ABOUT IHH HEALTHCARE (“IHH”)
IHH is a leading multinational healthcare provider shaping the future of care. Driven by our
aspiration to Care. For Good., we unite medical excellence and innovation, pushing boundaries
through our trusted brands such as Acibadem, Gleneagles, Fortis, Island, Mount Elizabeth,
Pantai, Parkway and Prince Court.
Across 10 countries, including Malaysia, Singapore, Türkiye, India and Greater China, our 76,000-
strong team delivers world-class excellence every day, within and beyond our 190 healthcare
facilities, including 89 hospitals. Our comprehensive services span the full healthcare continuum,
from primary and ambulatory to quaternary care, complemented by diagnostics, imaging,
rehabilitation, telehealth and home care.
In partnership with our stakeholders, IHH is advancing value-based care, building a
sustainable healthcare ecosystem and creating meaningful impact, as we work towards our vision
to become the world’s most trusted healthcare services network.
www.ihhhealthcare.com
For more information or to speak to an IHH spokesperson, please contact:
Lim Bee Ling Denise Selva
Group Communications & Branding Mutant Communications on behalf IHH
IHH Healthcare Healthcare
t. +65 97650598 t. +60-17 494 0557
e. beeling.lim@ihhhealthcare.com e. deenesha@mutant.com.my