Max Healthcare Institute Limited has disclosed that it received a formal request on May 12, 2026, from Radiant Life Care Hospital Foundation (formerly known as 'Radiant Life Care Foundation'), referred to as RLCHF, seeking reclassification from the 'Promoter Group' to the 'Public' category. The request has been made in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was communicated to the stock exchanges on May 13, 2026, and signed by Dhiraj Aroraa, SVP - Company Secretary and Compliance Officer.

Background of the Reclassification Request

The reclassification request has been triggered by the sale of the entire equity stake held by Mr. Abhay Soi, a Promoter, and Radiant Life Care Private Limited, a Promoter Group entity, in RLCHF. As a result of this transaction, RLCHF no longer satisfies the definition of "Promoter Group" as specified under Regulation 2(1)(pp) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The key details of the reclassification request are summarised below:

Impact on Promoter Shareholding

As of the date of the disclosure, RLCHF does not hold any shares in Max Healthcare Institute Limited. Consequently, the proposed reclassification will not result in any change to the overall shareholding of the promoter and promoter group in the Company. This ensures that the corporate governance structure and promoter holding pattern remain unaffected by the proposed change in classification.

Next Steps and Regulatory Process

The reclassification request is scheduled to be placed before the Board of Directors of Max Healthcare Institute Limited at its forthcoming board meeting for consideration. The Company has stated that it will undertake all necessary steps and seek requisite approvals in compliance with Regulation 31A of the SEBI Listing Regulations. The disclosure has also been made available on the Company's website at www.maxhealthcare.in , in line with regulatory requirements.

The reclassification, once approved through the prescribed regulatory process, will formally reflect RLCHF's transition to the 'Public' category in the Company's shareholding disclosures.

Max Healthcare Institute Limited has successfully completed its postal ballot process, with shareholders approving the re-appointment of Mr. Narayan K. Seshadri as Non-Executive and Non-Independent Director. The resolution was deemed passed on May 11, 2026, being the last date of remote e-voting, as confirmed by the scrutinizer's report dated May 12, 2026. The postal ballot notice was originally issued on April 8, 2026, and the remote e-voting window remained open from April 12, 2026 to May 11, 2026.

Postal Ballot Process Overview

The postal ballot was conducted exclusively through remote e-voting via the designated platform of MUFG Intime India Private Limited. The cut-off date for determining eligible shareholders was April 8, 2026. As on the cut-off date, the total number of shareholders on record stood at 2,26,949. The fully paid-up share capital of the Company as on the cut-off date was Rs. 973,19,25,020/- divided into 97,31,92,502 equity shares of Rs. 10/- each.

The Company published an advertisement on April 12, 2026 regarding the service of the Postal Ballot Notice to members in the English language newspaper Financial Express (all India editions) and in the Marathi language newspaper Navshakti (Mumbai edition). The scrutinizer for the process was Devesh Kumar Vasisht, Managing Partner of M/s DPV & Associates LLP, Practicing Company Secretaries, appointed by the Board of Directors on April 8, 2026.

Voting Results for Resolution No. 1

The sole resolution put to vote sought the re-appointment of Mr. Narayan K. Seshadri as Non-Executive and Non-Independent Director through an Ordinary Resolution. The promoter and promoter group cast 100.00% of their eligible votes in favour, while public institutional shareholders recorded a participation rate of 91.87%, with 87.79% of votes polled in favour. The following table presents the consolidated voting outcome:

Category-Wise Voting Breakdown

The voting participation and outcome varied across shareholder categories. The table below provides a detailed category-wise summary:

Member Participation Summary

A total of 1,568 members participated in the voting process. Of these, 1,257 members voted in assent and 330 members voted in dissent. It is noted that 19 shareholders voted partly in favour and partly against the resolution, and accordingly their count was considered in both categories. The net valid votes cast stood at 87,53,79,499, with no invalid votes recorded.

*19 Shareholders voted partly in favour and partly against the resolution.

The voting results along with the scrutinizer's report have been filed with the stock exchanges and will also be hosted on the Company's website at www.maxhealthcare.in and on the e-voting service provider's platform at https://instavote.linkintime.co.in . The Company Secretary and Compliance Officer, Dhiraj Aroraa, confirmed the results on May 12, 2026 from Gurugram.