Max India Limited accepted the resignation of Rohit Kapoor from the position of Non-Executive Independent Director effective July 1, 2026, due to increased professional commitments. The resignation was disclosed to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The director confirmed he could not devote sufficient time to the Board owing to his other professional obligations.

Details of Resignation

The resignation was submitted by Mr. Rohit Kapoor (DIN: 06529360) and the event occurred at 11:03 a.m. on July 1, 2026. The company confirmed that the director does not hold directorships in any other listed entities. The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited.

Max India Limited reported a consolidated revenue of ₹72 Cr for the quarter ended March 31, 2026 (Q4FY26), marking an increase of approximately 58% year-on-year and 45% quarter-on-quarter. The company significantly improved its operational performance, narrowing the EBITDA loss to ₹7 Cr in Q4FY26 from ₹28 Cr in Q3FY26. The consolidated net worth as of March 26, 2026, stood at ₹409 Cr.

The financial performance was driven by the company's senior care ecosystem, which includes senior living residences, care homes, and the direct-to-consumer platform AGEasy. The presentation highlighted that senior care is positioned as the next transformative success story for the group, with the potential to enhance shareholder value significantly.

Segment Performance

Antara Senior Living reported stable operations at its Dehradun residence, generating a revenue of ₹6.65 Cr in Q4FY26. The community maintained a cash and profit surplus. In Gurugram, the E360 project sold 292 units with sales collection of approximately ₹534 Cr, while the E361 project sold 127 units with collections of around ₹69 Cr following its launch in December 2025. The Noida project received its occupancy certificate in May 2026 and is ready for possession.

Antara Assisted Care Services recorded a net revenue of ₹11.4 Cr in Q4FY26, up 1.6 times year-on-year. The vertical served approximately 3,400 patients during the quarter and over 50,000 patients since inception. Despite the addition of new beds in FY26, average occupancy showed a marginal decline from 29% to 27% quarter-on-quarter. The business operates 485 beds across four cities.

Operational Metrics and Outlook

The AGEasy platform touched approximately 700,000 lives since inception, with a 10% repeat customer base. The segment achieved a Net Promoter Score (NPS) of 45 in FY26, meeting its target. The company continues to focus on optimizing occupancy in existing care homes and improving Average Revenue Per Occupied Bed (ARPOB) through clinical differentiation.

The balance sheet remains robust with total assets at ₹669.3 Cr as of March 26, 2026, compared to ₹632.7 Cr in the previous period. Current assets stood at ₹380.6 Cr, while assets classified as held for sale were nil. The company stated its focus remains on driving profitability across all business verticals.