Max India Limited executed a Letter of Comfort worth ₹40 crore in favor of Aditya Birla Capital Limited on October 14, 2026. The instrument supports a credit facility availed by its wholly owned subsidiary, Antara Senior Living Limited.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This update follows an earlier intimation dated May 28, 2026, regarding the outcome of the Board of Directors' meeting. The current filing confirms the execution of the comfort letter within limits previously approved by the Board.

Disclosure Details

The company clarified that detailed information required under SEBI regulations was already disclosed in the May 2026 intimation. The October 14 filing serves specifically to identify Aditya Birla Capital Limited as the lender and confirm the execution status of the document. The event occurred at 7:48 pm.

The announcement will be hosted on the company's website. The filing was signed by Trapti, Company Secretary & Compliance Officer, for Max India Limited.

Max India Limited announced that its wholly owned subsidiary, Antara Senior Living Limited (ASLL), has joined the SCALE initiative as a founding industry partner. The collaboration with the Indian School of Business (ISB) aims to strengthen the evidence base for India's growing senior population.

The SCALE (Senior Care Advancement Through Learning and Evidence) initiative is a partnership between the Max India Foundation and the Max Institute of Healthcare Management at ISB. Supported by a multi-year CSR grant from the Max India Foundation, the program seeks to bridge the gap between fragmented industry insights and academic research. It focuses on generating data to assist stakeholders and policymakers in making informed decisions regarding senior care.

Strategic focus areas

The initiative will examine critical aspects of the senior care ecosystem, including consumer behaviour, workforce participation, social inclusion, and operating models. Antara Senior Care brings real-world experience from its integrated continuum of care, covering senior living, care homes, wellness, and chronic disease management products.

Key areas of research and engagement under SCALE include:

• Consumer behaviour and social inclusion dynamics
• Workforce participation strategies in the care sector
• Operating models and their financing mechanisms
• Technology adoption in senior care delivery

Leadership perspectives

Tara Singh Vachani, Managing Trustee of Max India Foundation and Executive Chairperson of Antara Senior Care, emphasized the demographic transition in India. She noted that as lifespan improves, seniors seek greater health, independence, and dignity. The initiative aims to translate research into more effective care models and stronger support systems.

Professor Sarang Deo, Executive Director at the Max Institute of Healthcare Management, ISB, highlighted the need to rethink system designs for seniors. He stated that SCALE brings a management and evidence-based perspective to address challenges across financing, technology, and producer behaviour.

Antara Senior Care footprint

Launched in 2013, Antara is part of the USD 6.3 billion Max Group. The company operates two main business lines: Residences for Seniors and Assisted Care Services. Its current infrastructure includes:

The company also operates AGEasy, a direct-to-consumer arm for senior-specific products, which has touched over 9 lakh lives since its inception in 2023. Additionally, Antara Integrated Wellness Clinic offers personalized care plans combining modern medicine with traditional therapies.