Max Healthcare Institute Limited 25th Annual General Meeting Summary

Attendance Details

Directors Present:

  • Mr. Abhay Soi (Chairman and Managing Director)
  • Ms. Amrita Gangotra (Independent Director)
  • Mr. Anil Kumar Bhatnagar (Non-Executive Director)
  • Mr. Mahendra G. Lodha (Independent Director)
  • Mr. Michael Thomas Neeb (Independent Director)
  • Mr. Narayan K. Seshadri (Non-Executive Director)
  • Mr. Pranav Amin (Lead Independent Director)
  • Dr. Pranav C. Mehta (Independent Director)

Senior Management Present: Multiple group directors and officers including Group CFO, Group Medical Director, and other executives.

Auditors and Representatives:

  • Mr. Sanjay Vij (Statutory Auditor - M/s S.R. Batliboi & Co. LLP)
  • Mr. Rajeev Srivastava (Cost Auditor - M/s Chandra Wadhwa & Co.)
  • Mr. Devesh Kumar Vasisht (Secretarial Auditor & Scrutinizer - M/s DPV & Associates LLP)

Total Members Present: 160 members (including representatives) were present through video conference.

Key Resolutions and Voting Results

All resolutions were passed with requisite majority as per the Scrutinizer's Report dated July 30, 2026:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY25-26: Approved with 99.9997% votes in favor (88,44,06,893 votes for, 2,313 against)

2. Adoption of Audited Consolidated Financial Statements for FY25-26: Approved with 99.9997% votes in favor (88,45,09,625 votes for, 2,313 against)

3. Declaration of Final Dividend: Final dividend of ₹2 per equity share (20% of face value of ₹10 each) declared for financial year ended March 31, 2026. Payable to members registered as on Friday, July 3, 2026. Approved with 99.9997% votes in favor (88,47,20,838 votes for, 2,619 against)

4. Re-appointment of Mr. Anil Kumar Bhatnagar as Director liable to retire by rotation: Special resolution approved with 97.7254% votes in favor (86,45,99,491 votes for, 2,01,23,964 against)

Special Business:

5. Approval of remuneration payable to Non-Executive Directors: ₹40,00,000 per annum per Director for 3 years from October 1, 2026 to September 30, 2029. Approved with 99.9076% votes in favor (88,39,06,397 votes for, 8,17,059 against)

6. Re-appointment of Mr. Anil Kumar Bhatnagar as Non-Executive and Non-Independent Director: For 3 years from October 1, 2026 to September 30, 2029. Special resolution approved with 97.3803% votes in favor (86,15,45,999 votes for, 2,31,77,456 against)

7. Shifting of registered office from Maharashtra to Haryana: Special resolution approved with 99.9991% votes in favor (88,47,15,721 votes for, 7,735 against)

8. Ratification of remuneration payable to Cost Auditors: ₹10,42,000 plus applicable taxes to M/s Chandra Wadhwa & Co. for FY26-27. Approved with 99.9997% votes in favor (88,47,21,104 votes for, 2,339 against)

Chairman's Address Highlights

Mr. Abhay Soi highlighted:

  • Strong operational and financial performance in FY25-26
  • Company's inclusion in NIFTY 50 Index
  • Commissioning of new towers at Max Hospital Mohali, Nanavati Max Hospital Mumbai, and Max Smart Hospital Saket, Delhi
  • Acquisition of 58.28% stake in Kalinga Hospital Limited (now Max Super Speciality Hospital, Bhubaneswar)
  • Expansion pipeline aiming to nearly double bed capacity over next five years
  • Investments in advanced medical technologies and digital initiatives including robotic-assisted surgeries and AI-enabled solutions
  • Focus on clinical quality through international accreditations

Shareholder Queries and Management Responses

Shareholders raised questions regarding:

  • Long-term strategy and growth outlook
  • Expansion plans including bed additions and land parcels
  • Strategic rationale for Kalinga Hospital acquisition
  • Operating metrics, expansion funding, and international patient business
  • Talent management, employee attrition, and digital transformation
  • Business Responsibility and Sustainability Report disclosures
  • Potential bonus shares or stock split

Management addressed these queries to shareholders' satisfaction during the meeting.

Voting Process

Remote e-voting was open from 9:00 AM on July 27, 2026 to 5:00 PM on July 29, 2026. E-voting during the AGM was also conducted with results announced on July 30, 2026.