Re-appointment of Mr. Anil Kumar Bhatnagar as Non-Executive and Non-Independent Director
MAXHEALTH · price
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Max Healthcare's board meeting on May 21, 2026 approved multiple items including audited Q4 and FY2026 financial results showing consolidated revenue of Rs 8,37,345 lakhs (up 19% YoY) and standalone revenue of Rs 2,87,445 lakhs. The board recommended a final dividend of Rs 2 per share (20% of face value). Key governance items include the re-appointment of Mr. Anil Kumar Bhatnagar (who turned 75 in August 2025) as Non-Executive Non-Independent Director for 3 years from October 2026 to September 2029, subject to shareholder approval at the AGM. The board also approved construction of a new ~712-bed hospital in Lucknow, re-classification of Radiant Life Care Hospital Foundation from Promoter Group to Public category, and shifting the registered office from Mumbai to Gurugram.
The re-appointment of an over-75 director requires shareholder approval but is not unusual; the company also announced expansion plans and a dividend, which are positive signals for investors.