Max India 's senior living arm, Antara Senior Care, has received a partial occupancy certificate for its residential community in Noida Sector 150. This regulatory clearance covers 3 towers and 340 units in Phase I, enabling 340 senior families to take possession of their homes. The development is expected to unlock approximately ₹150 crore in receivables that were contingent on possession, marking a significant financial milestone for the company.

Project and Financial Details

The receipt of the occupancy certificate follows the company's fulfillment of all payment obligations related to shared sports facilities in the sector. To expedite possession, the company approached the Noida Authority and the courts, including the Supreme Court of India, to establish its compliance. The total development spans approximately 12 lakh sq. ft., with Phase I accounting for approximately 7.45 lakh sq. ft. and Phase II covering the remaining 4.55 lakh sq. ft.

The following table outlines the revenue performance and estimates associated with the Noida Sector 150 project:

Operational Significance

Mr Rajit Mehta, MD & CEO, Antara Senior Care, stated that the team is actively reviewing the conditions laid down in the certificate and expects to start the grant of possession soon. With Phase I on the path to possession, the company will actively pursue the revalidation of approvals for Phase II. The community is designed for seniors seeking an independent lifestyle, offering residences integrated with wellness and medical services.

Max India Limited has announced the appointment of Ms. Mrinalini Mirchandani as Additional Director in the capacity of Independent Director. The Board of Directors approved this appointment on April 9, 2026 via circular resolution, following the recommendation of the Nomination and Remuneration Committee.

Appointment Details

The appointment encompasses a five-year term commencing on April 15, 2026 and concluding on April 14, 2031. The decision is subject to approval from shareholders and has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Ms. Mirchandani brings distinguished experience from her tenure at McKinsey & Company, where she served as Senior Partner. She holds the distinction of being the first and only woman elected to the Senior Partner position in McKinsey's 34-year history in India.

At McKinsey, she led the Private Equity Practice in India and served as a member of the global healthcare leadership team. Her responsibilities also included overseeing the Organization & Talent practice in India. Prior to McKinsey, she worked at Merrill Lynch, leading their Healthcare & Consumer Investment Banking Team in India, and headed the Healthcare recruiting practice for Egon Zehnder in India.

Educational Qualifications and Recognition

Ms. Mirchandani holds an MBA from IIM Calcutta and a B.Com from Mumbai University. Her professional achievements were recognized in 2018 when she was featured in the Economic Times list of India's 40 under Forty Young Business Leaders.

Regulatory Compliance

The company has confirmed that Ms. Mirchandani is not related to any other Director of the Company and is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority. The appointment disclosure complies with all requirements under SEBI listing regulations and relevant circulars.

Over the past two decades, Ms. Mirchandani has collaborated with leading Indian and global institutions on various strategic initiatives including growth strategy, mergers and acquisitions, capital raising, talent management, and delivering transformational change at scale.