NSE/BSE Codes: NSE: MAXHEALTH / BSE: 543220

Summary of Key Information:

Nature of Event / Disclosure:

Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding developments in petitions filed before the Hon'ble National Company Law Tribunal, Cuttack Bench (NCLT) concerning Kalinga Hospital Ltd., a subsidiary of the Company.

Involved Parties / Authorities:

  • Petitioner: Legal representatives of BRS Capital Two Pte. Limited
  • Respondents: Kalinga Hospital Ltd. (KHL), the other shareholder of KHL from whom the Company acquired the majority equity stake, and Max Healthcare Institute Limited
  • Adjudicating Authority: Hon'ble National Company Law Tribunal, Cuttack Bench (NCLT)

Date / Timeline of Event:

  • Previous Intimations to Exchanges: May 19, 2026; July 8, 2026; July 24, 2026
  • Hearing Date: August 4, 2026 at 10:30 AM IST
  • Order Received Date: August 7, 2026 at 12:40 PM IST
  • Next Hearing Date: August 19, 2026

Brief Description of Outcome / Dispute:

The matter pertains to petitions, including an interlocutory petition, filed against KHL and others. During the hearing on August 4, 2026, the Company and other Respondents raised objections regarding the maintainability of the interlocutory petition. The primary ground for objection was an incorrect Postal Ballot Notice annexed with the application by the petitioner.

Impact of Outcome:

Financial Impact:

No material disclosures in this section. The order is procedural and does not mention any financial penalty, claim, or compensation.

Operational / Business / Strategic Impact:

No material disclosures in this section. The update is a procedural step in ongoing litigation.

Other Implications:

The Hon'ble NCLT observed that the defect (the incorrect Postal Ballot Notice) was procedural in nature. In the interest of justice and consistent with the principles of natural justice, the tribunal permitted the opposite party (the petitioner) to rectify the defect by filing an additional affidavit.

Next Steps / Required Actions:

The matter has been listed along with the main Company Petition for further consideration on August 19, 2026.