Max Healthcare Institute Limited has informed the Exchange about Transcript of 24th Annual General Meeting
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Max Healthcare filed the transcript of its 24th AGM held on July 30, 2025, via video conference, coinciding with the company's 25th anniversary. Chairman Abhay Soi highlighted FY25 as a record year with network gross revenue of ₹9,065 crore (up 26% year-on-year), operating EBITDA of ₹2,319 crore (up ~22%), and profit after tax of ₹1,392 crore (excluding one-time items). The company currently operates 22 facilities with over 5,100 beds, treated 35 lakh+ patients from 650+ Indian cities and 180 countries. Key updates included the commencement of Max Hospital Dwarka (300 beds), acquisition of Jaypee Hospital in Noida (500 beds), and plans to add 3,900+ beds over the next 3-4 years. Shareholders approved 8 resolutions including a final dividend of ₹1.50 per share, re-appointment of Anil Kumar Bhatnagar, and appointment of S.R. Batliboi & Co. LLP as new statutory auditors.
The transcript reinforces Max Healthcare's strong growth trajectory and disciplined capital allocation strategy, with management reaffirming preference for reinvesting free cash flows (~₹1,400 crore in FY25) over higher dividends. Shareholders were given a comprehensive view of expansion plans, acquisition performance (Lucknow, Nagpur, Noida all showing strong growth), and ESG positioning (MSCI BB, DJSI 44, Sustainalytics 23.8). No new material announcements beyond what was already known; primarily a recap for retail investors.