Fortis Healthcare has received approval from the National Company Law Tribunal (NCLT) for the merger of several wholly-owned subsidiaries, including Fortis Emergency Services Limited, Fortis Cancer Care Limited, and Fortis Health Management (East) Limited. The merger aims to streamline operations and reduce administrative overhead. The appointed date for the Scheme of Arrangement is April 01, 2022.
NCLT Approves Scheme of Arrangement
Fortis Healthcare has announced the approval of its composite scheme of merger by absorption. This involves Fortis Emergency Services Limited (FESL), Fortis Cancer Care Limited (FCCL), Fortis Health Management (East) Limited (FHMEL) and Birdie & Birdie Realtors Private Limited (B&B) with Fortis Hospitals Limited (FHsL). The approval was granted by the Hon’ble NCLT in New Delhi on January 5, 2026, and in Chandigarh on January 16, 2026.
Effective Date and Implementation
The Scheme of Arrangement will become effective once certified copies of the orders from the NCLT, Chandigarh and Delhi, are filed with the jurisdictional Registrar of Companies. The appointed date for the Scheme of Arrangement is April 01, 2022.
Rationale Behind the Merger
The merger is intended to rationalize operational efficiencies and reduce administrative and managerial overhead. This move will aid in achieving cost rationalization by simplifying the management structure and improving financial reporting.
Subsidiary Details
The entities involved in the merger, namely Fortis Emergency Services Limited, Fortis Cancer Care Limited, Fortis Health Management (East) Limited, Birdie & Birdie Realtors Private Limited, are wholly-owned subsidiaries of Fortis Hospitals Limited.
Financial Details of Subsidiaries (as of March 31, 2025)
The paid-up capital for Fortis Emergency Services Limited (FESL), Fortis Cancer Care Limited (FCCL), and Fortis Health Management (East) Limited (FHMEL) is 0.50 INR Million each, while Birdie & Birdie Realtors Private Limited has a paid-up capital of 0.10 INR Million, and Fortis Hospitals Limited has a paid-up capital of 799.88 INR Million.
The turnover for Fortis Hospitals Limited (FHsL) is 12,824.21 INR Million.
Source: BSE
