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.

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.