1. The results for the year and the quarter ended March 31, 2009 have been reviewed by the Audit Committee at its meeting on June 29, 2009 and taken on record by the Board of Directors at its meeting held on June 30, 2009.

2. The Group operates in one reportable segment in terms of Accounting Standard 17.

3. The statutory auditors have reported their inability to express an opinion on the matter relating to land under leasehold arrangements with the Delhi Development Authority and certain demands raised by the income tax authorities in respect of a subsidiary aggregating to Rs 12.437 lacs. As the matters are sub-judice, and appeals against the demands pending at various stages and based on the advice received from legal counsels, the management is of the view that the matters shall get resolved in its favour.

4. Other income includes interest income, unclaimed balances and excess provisions written back, foreign exchange fluctuation gain, profit on sale of assets and profit on sale of investments, claim received against keyman insurance policy and miscellaneous income, whichever is relevant for the period/year.

5. Extraordinary item relates to the compensation received by one of the subsidiary from one of the erstwhile promoters against the claim for losses incurred by it.

6. The Company after close of quarter had filed Draft Letter of Offer with SEBI for its plan to raise funds by way of issue of equity shares with warrants on a rights basis aggregating upto Rs 1,000 Crores (excluding the value of warrants, as and when exercised) and got the inseriatim comments from SEBI. The Company is in the process of filing Letter of Offer with SEBI.

7. The status of fund utilization out of Initial Public Offer (IPO) proceeds as at the end Of March 31, 2009 is as follows : (Rs in Lacs)


----------------------------------------------------------------------------------------------------------------------Expenditure Program						---------------------------------------------------------------------------------------------------------------------1. Construction and development of the planned hospital to be located at Shalimar Bagh, New Delhi by Fortis Hospotel Ltd	(erstwhile Oscar Biotech Pvt Ltd)	7302.112. Refinancing of funds availed for the acquisition of Escorts Heart Institute & Research Centre Ltd		35231.153. Issue Expenses						3278.91----------------------------------------------------------------------------------------------------------------------Total								45812.17----------------------------------------------------------------------------------------------------------------------The Company is having unutilised funds of Rs 3863.98 lacs as on March 31, 2009 out of IPO proceeds. These funds have been invested as Fixed Deposit with Scheduled Bank.8. The company, during the year had granted 33,500 (Thirty Three Thousand Five Hundred) options to the eligible employees of the Company and its subsidiaries. Out of the total outstanding stock options of 3,80,500 (Three lacs Eighty Thousand five Hundred), 70,100 (Seventy Thousand One Hundred) stock options have been vested as at end of March 31, 2009.9. The Company, during the quarter had:a. acquired 28.89% stake in Medical and Surgical Centre Ltd (MSCL), Mauritius: This marks Company´s first international foray. Consequently, 120 bedded hospital owned by MSCL has been renamed as Fortis Clinique Darn´e.b. become a majority stake holder in Lalitha Healthcare Pvt Ltd.(LHPL), Banglore consequent to conversion of preference capital and fresh infusion of equity capital. The Company presently holds 67.23% of equity shares of LHPL and the hospital owned by LHPL has been renamed as Fortis Hospital, Seshadripuram.10. Previous year figures have been regrouped, wherever considered necessary.

Shivinder Mohan Singh
Managing Director