Max Healthcare Institute has fixed Friday, July 3, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹2 per equity share. The payout, equivalent to 20% of the face value of ₹10, is recommended for the financial year ended March 31, 2026, and is subject to approval at the upcoming Annual General Meeting. Shareholders must ensure their KYC and bank details are updated to receive the dividend electronically, as physical payouts are not permitted under current regulations.

The Board of Directors recommended the dividend at its meeting on May 21, 2026. Once approved, the dividend will be paid within the stipulated time via electronic mode, subject to tax deduction at source. Members holding shares in dematerialised form must update details with their Depository Participants, while those with physical holdings must submit Form ISR-1 and relevant documents to the Registrar and Share Transfer Agent, MUFG Intime India Private Limited.

The company has scheduled its Twenty-Fifth Annual General Meeting for Thursday, July 30, 2026, at 10:30 am IST. In compliance with Ministry of Corporate Affairs circulars and SEBI Listing Regulations, the meeting will be conducted solely through Video Conference (VC) or Other Audio-Visual Means (OAVM) without a physical venue. Members attending via VC/OAVM will be counted towards the quorum under Section 103 of the Companies Act, 2013.

Key AGM and Dividend Details

The Notice and Integrated Annual Report for FY26 will be sent electronically to members with registered email addresses. Physical copies are available upon request. The company has provided remote e-voting facilities, allowing members to cast votes before or during the meeting. Detailed instructions for participation and voting will be included in the notice.

Max Healthcare Institute Ltd has fixed Friday, July 3, 2026, as the record date to determine members eligible for a final dividend of Rs 2 per equity share. The dividend, amounting to 20% of the face value of Rs 10 each, was recommended by the board on May 21, 2026, and is subject to approval by shareholders at the Twenty-Fifth Annual General Meeting scheduled for Thursday, July 30, 2026. The company will pay the dividend to members holding shares in dematerialized or physical form as of the record date.

Tax Deduction at Source

In compliance with the Income-tax Act, 2025, the dividend is taxable in the hands of shareholders for Tax Year 2026-27. The company will deduct tax at source (TDS) at applicable rates, which vary based on the residential status of the member and the documents submitted. For resident members, no tax is deducted if the total dividend for the tax year does not exceed Rs 10,000, provided a valid Permanent Account Number (PAN) is available. A 10% TDS applies where a valid PAN is updated with the depository participant or registrar, while the rate increases to 20% for cases involving invalid or inoperative PANs.

Documentation Requirements

Members can submit specific declarations, such as Form 121 or certificates under section 395 of the IT Act, to claim lower or nil deduction. Non-resident members have the option to be governed by the provisions of the Double Taxation Avoidance Agreement (Tax Treaty) if beneficial. The standard TDS rate for non-residents is 20% plus surcharge and cess, or the Tax Treaty rate, whichever is lower. Specific categories, such as Category III Alternative Investment Funds located in International Financial Services Centre, are subject to a 10% rate, while Sovereign Wealth funds and Pension funds notified under Schedule V of the IT Act are eligible for NIL TDS.

To facilitate appropriate tax deduction, the company requires members to submit necessary forms and documents, including PAN copies and self-declarations, to the registrar, MUFG Intime India Private Limited, by Friday, July 10, 2026. The company stated that any communication received after this date would not be considered for the payment of the final dividend. Members holding shares under multiple accounts with different residential statuses may be subject to the higher applicable tax rate on their entire shareholding.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE027H01010/17479d2e61724ef1.pdf