Max Healthcare Institute has received no-objection letters from BSE Limited and National Stock Exchange of India Limited to reclassify Radiant Life Care Hospital Foundation from the Promoter Group to the Public category, effective July 1, 2026. This reclassification alters the shareholding structure of max healthcare institute by moving the entity out of the promoter group. The approval was granted based on the company's application dated May 24, 2026, in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The exchanges issued the no-objection letters bearing reference numbers LIST/COMP/SJ/129/2026-27 and NSE/LIST/COMP/MAXHEALTH/596/2026-2027 respectively. Consequently, Radiant Life Care Hospital Foundation, formerly known as Radiant Life Care Foundation, now stands reclassified under the Public category. The company had previously intimated the exchanges regarding this proposed reclassification on May 13, May 21, and May 24, 2026.

The following table details the entity that has been reclassified:

Max Healthcare Institute is required to ensure compliance with subsequent relevant disclosures of material events related to this reclassification as per the applicable provisions of Regulation 31A of the SEBI (LODR) Regulations, 2015. The disclosure has been hosted on the company's official website. The reclassification impacts the promoter group holding percentage, although specific shareholding details were not disclosed in the filing.

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:

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.