Max India Limited's subsidiary Antara Assisted Care Services has expanded its senior care footprint in Chennai with the launch of its second care home facility. The announcement, made on February 09, 2026, marks a significant milestone in addressing the growing demand for specialized senior care services in Tamil Nadu.

New Facility Details

The latest addition to Antara's network is a 72-bed senior care facility strategically positioned along Chennai's Old Mahabalipuram Road (OMR) corridor. This new establishment works in tandem with an existing care home on the arterial ECR, creating a comprehensive network that enhances access to both long-term and short-term assisted living services for seniors across the region.

Demographic Drivers

The expansion comes in response to Tamil Nadu's rapidly aging demographic profile. The state currently has nearly 14% of its population aged 60 and above, representing the second-highest proportion of seniors in the country after Kerala. In urban centers, the situation is even more pronounced, with one in every seven residents being a senior citizen.

Particularly concerning is the high percentage of seniors living alone in Tamil Nadu, which stands at 6.8% - nearly double the national average of 3.6%. This demographic trend creates significant social, emotional, and health vulnerabilities, with women being disproportionately affected by isolation and loneliness.

Market Context and Projections

India is experiencing a profound demographic shift that underscores the importance of Antara's expansion. According to JLL-ASLI report data, the country's elderly population is projected to more than double from 156.7 million in 2024 to an estimated 346 million by 2050. Even more striking is UNFPA data showing that the population of people aged 80+ in India will grow at a rate of 279% by 2050.

Leadership Perspective

Mr. Ishaan Khanna, CEO of Antara Assisted Care Services, emphasized the strategic importance of the Chennai expansion. He highlighted that Tamil Nadu's aging profile is already far more advanced than the rest of India, with seniors constituting a higher proportion of post-acute patients needing long-term care. The location in Chennai's medical hub provides excellent connectivity and access to leading hospitals and key medical infrastructure.

Comprehensive Care Features

Antara Care Homes are designed with care, independence, and safety as core principles. The facilities integrate clinical care with lifestyle services, including kitchens offering home-style nutritionally planned meals and end-to-end services such as laundry and housekeeping. All staff members are trained on geriatric care modules approved by the Government of India's Healthcare Sector Skills Council (HSSC).

The architectural design incorporates senior-friendly features including ramps, extra-wide corridors and doorways, grab rails, raised seating, rounded walls and furniture, anti-skid flooring, and panic buttons. Additional amenities include luxe lighting, generous balconies, open terraces, and gardens designed to boost mental health.

About Antara Senior Care

Launched in 2013, Antara operates as the senior-care business of Max India Limited, part of the $7-billion Max Group. The company runs an integrated ecosystem covering Residences for Seniors and Assisted Care Services. With eight facilities and approximately 490 beds across Gurugram, Noida, Bengaluru, and Chennai, Antara provides comprehensive care solutions including Care Homes, Memory Care Home, Care at Home, and AGEasy services. The AGEasy platform, focusing on senior-specific products and chronic health condition management, has reached over 5 lakh lives since its inception in 2023.

Max India Limited has completed the allotment of 60,000 equity shares under its Employee Stock Option Plan 2020, as approved by the company's Nomination and Remuneration Committee on February 9, 2026. The allotment was made to eligible employees of the company and its subsidiary companies following the exercise of vested stock options.

Share Allotment Details

The allotted shares carry a face value of Rs. 10 each and have been issued as fully paid-up equity shares. The allotment process was conducted in accordance with the provisions of the Employee Stock Option Plan 2020, demonstrating the company's commitment to employee participation in its growth.

Impact on Share Capital

The allotment has resulted in an increase in the company's issued, subscribed and paid-up capital. The capital structure has been enhanced following the successful exercise of stock options by eligible employees.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Max India Limited has informed both BSE Limited and the National Stock Exchange of India Limited about this corporate action. The disclosure has also been made available on the company's official website at www.maxindia.com , ensuring transparency for all stakeholders.

The allotment represents the company's ongoing employee engagement strategy through equity participation, allowing eligible employees to benefit from the company's performance while aligning their interests with long-term organizational goals.