Meeting Details

The voting was conducted via a postal ballot process with remote e-voting only. There was no physical meeting. The e-voting period commenced on Sunday, September 20, 2026, at 9:00 AM IST and ended on Monday, October 19, 2026, at 5:00 PM IST.

Summary of Proposed Resolutions and Implications

Four special resolutions were proposed for shareholder approval:

1. Approval of 'Max Healthcare Institute Limited Performance Linked Restricted Stock Unit Scheme 2026' and grant of Performance Linked Restricted Stock Units to the Eligible Employees of the Company: To create and grant up to 73,50,000 Performance Linked Restricted Stock Units (PRSUs), each convertible into one equity share, representing ~0.76% of the paid-up equity share capital as of August 13, 2026.

2. Grant of Performance Linked Restricted Stock Units under the scheme to the Eligible Employees of the Subsidiary Companies: To extend the ESOP scheme to employees of subsidiary companies, within the overall ceiling of 73,50,000 PRSUs.

3. Approval of remuneration payable to Mr. Abhay Soi as Chairman and Managing Director of the Company: To approve his remuneration for the remainder of his tenure from June 19, 2026, to June 18, 2028, which includes approval for payment in excess of SEBI LODR Regulation 17(6)(e) limits.

4. Alteration of the Main Objects Clause of the Memorandum of Association of the Company: To add new sub-clauses enabling the company to establish medical/educational institutions, manufacture pharmaceuticals/radiopharmaceuticals, and provide food & beverage services in its facilities.

Voting Process and Methods Used

The voting was conducted entirely through remote e-voting services provided by the company's RTA, MUFG Intime India Private Limited. The process was governed by the Companies Act, 2013, SEBI LODR, MCA circulars, and Secretarial Standard SS-2. Notice was sent electronically to members registered as of the cut-off date, September 18, 2026. Newspaper advertisements were published in the Financial Express (English) and Navshakti (Marathi) on September 20, 2026.

Key Voting Outcomes

Resolution a) Approval of ESOP Scheme for Company Employees

  • Total Votes Cast: 88,34,86,824
  • Votes in Favour: 86,75,82,870 (98.1999%)
  • Votes Against: 1,59,03,954 (1.8001%)
  • Number of Members Voted: 1,562*

Five shareholders voted partly in favour and partly against.

Resolution b) ESOP Grant for Subsidiary Companies' Employees

  • Total Votes Cast: 88,34,86,823
  • Votes in Favour: 86,83,66,232 (98.2885%)
  • Votes Against: 1,51,20,591 (1.7115%)
  • Number of Members Voted: 1,562*

Four shareholders voted partly in favour and partly against.

Resolution c) Approval of Remuneration for Mr. Abhay Soi (CMD)

  • Total Votes Cast: 88,31,41,038
  • Votes in Favour: 85,80,75,793 (97.1618%)
  • Votes Against: 2,50,65,245 (2.8382%)
  • Number of Members Voted: 1,560*

Nine shareholders voted partly in favour and partly against.

Resolution d) Alteration of Memorandum of Association

  • Total Votes Cast: 88,34,83,710
  • Votes in Favour: 88,34,70,834 (99.9985%)
  • Votes Against: 12,876 (0.0015%)
  • Number of Members Voted: 1,559*

One shareholder voted partly in favour and partly against.

Scrutinizer's Role and Findings

Mr. Devesh Kumar Vasisht (ICSI Membership No. F8488) of DPV & Associates LLP was appointed as the Scrutinizer. The e-voting was unblocked on October 19, 2026, after 5:00 PM IST in the presence of two independent witnesses, Mr. Mukesh Sharma and Mr. Parveen Kumar. The Scrutinizer scrutinized all e-votes, reconciled them with the register of beneficial owners, and submitted his report on October 19, 2026. The fully paid-up share capital as of the cut-off date was Rs. 973,31,02,510, divided into 97,33,10,251 equity shares of Rs. 10 each. The total number of members as of the cut-off date was 2,28,669.

Compliance Confirmation

The entire process was conducted in compliance with Section 110 read with Section 108 of the Companies Act, 2013, Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of the SEBI LODR, Secretarial Standard SS-2, and relevant MCA circulars (including General Circular No. 03/2025).