Max Healthcare to Re-appoint Mr. Narayan K. Seshadri, Acquires Controlling Stake in Kalinga Hospital Ltd

Max Healthcare Institute Ltd announced the outcome of their board meeting held on April 8, 2026. The board approved the re-appointment of Mr. Narayan K. Seshadri as Non-Executive and Non-Independent Director for a further period of 3 years, subject to approval of members of the Company. The board also approved the acquisition of a controlling stake (~58.39%) in Kalinga Hospital Ltd, which operates a 250-bedded Multi-Specialty Hospital in Bhubaneswar, Orissa. The company will provide loans up to ₹100 Crore to KHL towards cost of construction, renovation, upgradation, equipment etc. and issue a Corporate Guarantee to Bank/Financial Institution for re-financing of External Commercial Borrowings of existing promoter of KHL of $5 Mn. The Senior Secured Term Loan of amount up to ₹300 Crore in the form of External Commercial Borrowings for financing the acquisition has also been approved.