# Fortis Healthcare Audit Confidence

> Fortis Healthcare says forensic audit will clear it in share transfer dispute.
- Title: Fortis Healthcare Audit Confidence · The Economic Times
- Summary: Fortis Healthcare says forensic audit will clear it in share transfer dispute. Fortis Healthcare claims an independent forensic audit will confirm it had no…
- Keywords: fortis healthcare, forensic audit, share transfer dispute, supreme court, daiichi sankyo, singh brothers, corporate governance, Fortis, Healthcare, Audit, Confidence, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/fortis-healthcare-confident-forensic-audit-will-clear-company-in-share-transfer-dispute/articleshow/134522261.cms
- Author: ET Online
- Published: 2026-09-27T15:06:00+00:00
- Read time: 1 min
- Topics: fortis healthcare, forensic audit, share transfer dispute, supreme court, daiichi sankyo, singh brothers, corporate governance
## Supreme Court allows audit
Fortis Healthcare expressed confidence that an independent forensic audit will confirm it played no role in share transfers by former promoters Malvinder and Shivinder Mohan Singh.
## Court clarifies audit independence
The Supreme Court permitted the audit to proceed while clarifying earlier remarks by the Delhi High Court were merely tentative.
## Fortis claims no involvement
Fortis stated it was a complete stranger to the dispute between Daiichi Sankyo and the Singh Brothers, noting it was never a party to their arbitration proceedings.
## No liability or shares transferred
Fortis added it received no monies from former promoters' shareholding dissipation and faced no penalties from the Delhi High Court.
## Ownership restructuring timeline
By March 2018, Singh Brothers' stake dropped below 1 per cent and both resigned from the board, leading to institutional shareholders appointing new directors.
## New investor completes deal
Northern TK Venture Pte Ltd, a subsidiary of Malaysia’s IHH Healthcare Berhad, became Fortis' controlling promoter shareholder through a November 2018 equity issuance after regulatory clearances.
## Audit confirms facts
Fortis is confident an independent forensic audit will attest to its position as a complete stranger to the share transfer dispute.
## Key takeaway

Fortis Healthcare claims an independent forensic audit will confirm it had no role in former promoters' share transfers.