Approval of re-classification of Radiant Life Care Hospital Foundation (formerly known as Radiant Life Care Foundation) from Promoter Group to Public category
MAXHEALTH · price
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Max Healthcare's board approved multiple matters at its May 21, 2026 meeting. Financially, the company reported strong FY26 consolidated revenue of ₹8,37,345 lakhs (up 19% from ₹7,02,846 lakhs) and profit after tax of ₹1,44,241 lakhs (up 34% from ₹1,07,588 lakhs), with diluted EPS of ₹14.76. The board recommended a dividend of ₹2 per share and re-appointed cost auditors Chandra Wadhwa & Co. Key corporate actions include: (1) approving re-classification of Radiant Life Care Hospital Foundation from Promoter Group to Public category (pending stock exchange approval), (2) greenlighting construction of Phase-I of Max Super Specialty Hospital in Lucknow with ~712 beds, (3) shifting the registered office from Mumbai to Gurugram, and (4) re-appointing Mr. Anil Kumar Bhatnagar as Non-Executive Director. The company also recently acquired a 58.28% stake in Kalinga Hospitals Limited for ₹29,797 lakhs.
The strong financial performance with 34% PAT growth and dividend declaration are positive signals for shareholders. The re-classification of RLCHF reduces the promoter group footprint, potentially improving public shareholding compliance. The Lucknow hospital expansion demonstrates continued growth investment.