Max Healthcare acquires 100% Class A shares in YPPL

Max Healthcare Institute Ltd has acquired 100% of the Class A equity shares in Yerawada Properties Private Limited (YPPL), securing full voting rights and approximately 50.22% of the economic interest in the entity. This strategic move, effective upon the completion of the first tranche of conditions precedent, results in YPPL becoming a subsidiary of the company. The acquisition supports the development of a ~450 bedded super speciality hospital in Pune, Maharashtra, expanding the company's healthcare infrastructure in the region.

The transaction follows a Share Purchase Agreement executed earlier, with the acquisition structured to occur in a step-up manner. The company received credit confirmation of the equity shares at 5.17 pm IST on June 30, 2026. This initial acquisition marks the first step in the broader agreement, which will conclude upon the grant of the occupancy certificate for the hospital to be constructed on the land owned by YPPL.

Transaction Details

The acquisition details are outlined below:

Parameter	Details
Entity Acquired	Yerawada Properties Private Limited
Equity Stake Acquired	100% of Class A equity shares
Voting Rights	100%
Economic Interest	~50.22%
Location	Pune, Maharashtra
Project	~450 bedded super speciality hospital

The filing was submitted to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that YPPL is now a consolidated subsidiary following the receipt of equity share credits.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.62%	-1.71%	+10.47%	+8.94%	-11.17%	+294.48%

Max Healthcare Institute has been penalised ₹32.81 lakh by the Income Tax Department for transactions adjusted through journal entries against receivables such as employee security deposits or vendor adjustments. The Assessment Unit determined that these entries, used to square off or settle internal liabilities, should be considered as acceptance or repayment of loans or deposits through non-prescribed modes, leading to the imposition of the penalty. The company received the order on June 30, 2026, at 9.57 am IST.

The management stated that apart from the monetary penalty, there is no other impact on the financial, operational, or other activities of the company. The company is currently in the process of filing an appeal against the order. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Order

S. No.	Particulars	Details
1.	Name of the authority	Assessment Unit, Income Tax Department
2.	Nature and details of the action(s) taken or order(s) passed	The IT Department has levied a penalty of ₹32,81,528.
3.	Date of receipt of direction or order	Received by the Company on June 30, 2026 at 9.57 am (IST).
4.	Details of the violation(s)/ contravention(s) committed	Penalty of ₹32,81,528 has been imposed for transactions of the Company against its receivables (such as employee security deposits or vendor adjustments) that were passed through journal entries in the books to square off or settle internal liabilities. The IT Department considered the above transactions as acceptance or repayment of loans or deposits through non-prescribed modes and levied the aforesaid penalty.
5.	Impact on financial, operation or other activities	Other than above amount to be paid by the Company, there is no other impact on financial, operational or other activities of the Company. The management is in process of filing an appeal against the Order.