Max Healthcare Institute Limited has informed the Exchange regarding ' approval of re-classification of Radiant Life Care Hospital Foundation from Promoter Group to Public category'.
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Max Healthcare's board approved the re-classification of Radiant Life Care Hospital Foundation (RLCHF) from Promoter Group to Public category, subject to BSE and NSE approvals. RLCHF has undertaken to comply with SEBI regulation 31A(4) requirements. The filing also covers Q4/FY2026 financial results showing consolidated revenue of ₹8,373 crore (up 19% YoY), net profit of ₹1,442 crore (up 34% YoY), and EPS of ₹14.83. The board recommended a dividend of ₹2 per share and approved construction of a new ~712-bed super specialty hospital in Lucknow. Additionally, the company will shift its registered office from Mumbai to Gurugram and acquired a 58.28% stake in Kalinga Hospitals Limited for ₹297.97 crore.
The re-classification of RLCHF reduces the promoter group holding count, potentially increasing public shareholding. This is a regulatory compliance move that may marginally improve the stock's free float and is broadly positive for minority shareholders.