StockWatch
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Hospital
Promoter Reclassification21 May 2026, 05:01 pm

Max Healthcare: Radiant Life Care Reclassified to Public Category

AI Summary

Max Healthcare Institute Ltd's board approved the re-classification of Radiant Life Care Hospital Foundation from the 'Promoter Group' to the 'Public' category, subject to stock exchange approvals. The board also approved the construction of Phase-I of Max Super Specialty Hospital in Lucknow and the shifting of the registered office to Gurugram, Haryana, pending member and regulatory approvals. Additionally, a final dividend of ₹2 per equity share was recommended, and the re-appointment of cost auditors and a non-executive director were approved.

Key Highlights

  • Radiant Life Care Hospital Foundation re-classified from Promoter to Public category.
  • Final dividend of ₹2 per share recommended for FY26.
  • Construction of Max Super Specialty Hospital Phase-I in Lucknow approved.
  • Registered office shifting from Mumbai to Gurugram approved.
  • Re-appointment of Mr. Anil Kumar Bhatnagar as Non-Executive Director approved.