Max Healthcare Institute Limited has informed the Exchange about disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Max Healthcare Institute Limited has disclosed that a petition was filed before the National Company Law Tribunal (NCLT), Cuttack Bench by BRS Capital Two Pte. Limited against Kalinga Hospital Ltd. (KHL) and Max Healthcare. The petition alleges oppression and mismanagement of KHL's affairs under sections 241 and 242 of the Companies Act, 2013. Max Healthcare completed acquisition of approximately 58.28% stake in KHL on May 18, 2026, just a day before the petition was listed. The NCLT heard the matter on May 19, 2026, directed parties to file written submissions, and reserved the matter for orders. The next hearing is scheduled for July 7, 2026. The company states that the financial impact cannot be anticipated at this stage.
This is a legal dispute arising from Max Healthcare's recent acquisition of KHL. While the matter is pending, shareholders should monitor the outcome as it could affect the company's operations in KHL and potentially create financial liabilities if the petition succeeds.