Max Healthcare Institute Limited has informed the Exchange regarding update on re-classification of Radiant Life Care Hospital Foundation from Promoter Group to Public category.
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Max Healthcare Institute has submitted an application to BSE and NSE seeking approval for re-classifying Radiant Life Care Hospital Foundation (RLCHF) from 'Promoter Group' to 'Public' category. This follows earlier requests and Board approval communicated on May 13 and May 21, 2026. The reclassification is being pursued under Regulation 31A of SEBI (LODR) Regulations, 2015. When an entity moves from Promoter Group to Public category, it typically means that entity's shareholding or control relationship with the company has changed significantly. RLCHF will no longer be treated as part of the promoter group for regulatory purposes.
This reclassification indicates that RLCHF no longer holds a significant stake or control relationship with Max Healthcare, reducing the identified promoter group holding. Existing shareholders should note this structural change as it affects the promoter group shareholding calculation used in various regulatory thresholds.