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 completed the allotment of 51,287 equity shares to eligible employees under its Employee Stock Option Scheme 2022. The Nomination & Remuneration Committee approved this allotment on May 1, 2026, at 6:56 pm IST, as part of the company's employee incentive program.

Share Allotment Details

The allotment involves 51,287 equity shares with a face value of ₹10 each, issued as fully paid-up shares to eligible employees who exercised their vested stock options. The exercise price was set at ₹350 per equity share, with a premium of ₹340 per share.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital. The shares have been issued in dematerialized form with distinctive numbers ranging from 97,31,92,503 to 97,32,43,789.

Regulatory Compliance and Filing Details

The allotment has been made in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company filed the initial statement under regulation 10(b) with the stock exchanges on September 29, 2022, receiving filing numbers DCS/IPO/MJ/ESOP-IP/2511/2022-23 from BSE and NSE/LIST/32765 from NSE.

Share Characteristics

The newly allotted equity shares are identical in all respects to the existing equity shares of the company. No lock-in provisions apply to these shares, and no listing fees are payable for this allotment. The company has noted that this allotment is not material in nature under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure regarding this allotment will be hosted on the company's website at www.maxhealthcare.in , ensuring transparency and compliance with regulatory requirements. The communication was signed by Dhiraj Aroraa, SVP - Company Secretary and Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited.