Disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
MAXHEALTH · price
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Max Healthcare Institute Limited disclosed that a petition was filed before the National Company Law Tribunal (NCLT), Cuttack Bench by BRS Capital Two Pte. Limited, a shareholder of Kalinga Hospital Ltd (KHL). The petition names KHL, other shareholders from whom Max Healthcare acquired the majority stake, and Max Healthcare itself. The petitioner has alleged oppression and mismanagement of KHL's affairs under sections 241 and 242 of the Companies Act, 2013. Max Healthcare completed the acquisition of approximately 58.28% of KHL's share capital on May 18, 2026, just a day before the petition was listed. The NCLT heard oral arguments on interim reliefs and has reserved the matter for orders after directing parties to file written submissions. The next hearing is scheduled for July 7, 2026. The financial implications of this petition cannot be determined at this stage.
This is a minority shareholder dispute following Max Healthcare's recent acquisition of KHL. While the matter is reserved for orders, it creates legal uncertainty around the newly acquired subsidiary. Shareholders should monitor the outcome of the July 7, 2026 hearing for any interim reliefs that may affect KHL's operations or governance.