Max Healthcare Institute Approves Key Financial Results, Lucknow Hospital Expansion, and Strategic Acquisition

Max Healthcare Institute Approves Key Financial Results, Lucknow Hospital Expansion, and Strategic Acquisition​

Max Healthcare Institute Limited (MHIL) announced several major corporate approvals following its Board Meeting held on May 21, 2026. The board approved the audited standalone and consolidated financial results for the fourth quarter and financial year ending March 31, 2026. In addition to the financial approvals, the company greenlit the construction of Phase-I of its Max Super Specialty Hospital in Lucknow and the acquisition of a controlling stake in Kalinga Hospitals Limited.

Financial Results and Dividend Recommendation​

The board approved the audited financial results for the year ended March 31, 2026, based on the recommendation of the Audit Committee.

MHIL recommended a final dividend of ₹ 2/- per equity share, which represents 20% of the face value of ₹ 10/- per share. This dividend is subject to approval by the Company’s members at the forthcoming Annual General Meeting (AGM) and will be paid or dispatched within 30 days following the AGM.

The company's financial performance for the year ended March 31, 2026, compared to the previous year, shows a robust total income.


Source: Consolidated Statement of Financial Results.

Key Strategic and Operational Updates​

Hospital Expansion in Lucknow
The board approved the construction of Phase-I of the Max Super Specialty Hospital at Shaheed Path, Lucknow. The hospital project will be developed on a 5-acre land parcel owned by the company and is planned to accommodate approximately 712 census beds. The total construction and equipment cost for Phase-I is expected to be ~₹1,400 Cr (excluding the cost of land).

Acquisition in Eastern India
The company strengthened its footprint in Eastern India by acquiring a controlling stake in Kalinga Hospitals Limited (KHL). MHIL executed a Share Purchase Agreement for the acquisition of a controlling stake in KHL, which operates the 250-bed NASH-accredited multi-specialty hospital in Bhubaneswar, Odisha. The acquisition of a 58.28% equity stake in KHL was completed on May 18, 2026, for an aggregate cash consideration of ₹29,797 lakhs.

Registered Office Shift
MHIL approved shifting its registered office from Mumbai, Maharashtra, to Max Hospital in Gurugram, Haryana.

Governance and Compliance Changes​

Director Re-appointment
The board approved the re-appointment of Mr. Anil Kumar Bhatnagar as a Non-Executive and Non-Independent Director. Mr. Bhatnagar, who has attained the age of 75 years in August 2025, will serve for a further term of three years, effective from October 1, 2026, to September 30, 2029.

Auditor and Cost Auditor Appointments
The company approved the re-appointment of M/s. Chandra Wadhwa & Co., Cost Accountants, as Cost Auditors for the financial year 2026-27.

Foundation Reclassification
The board also reviewed and approved the request from Radiant Life Care Hospital Foundation (RLCHF) seeking reclassification from the 'Promoter Group' to 'Public' category.

Financial Snapshot and Audit Confirmation​

The consolidated financial results and the standalone financial results for the quarter and year ended March 31, 2026, were audited by M/s. S.R. Batliboi & Co. LLP. The firm issued an unmodified report on both the consolidated and standalone financial statements, confirming that the results present a true and fair view of the group's financial standing.

The consolidated balance sheet as at March 31, 2026, shows total non-current assets at ₹15,28,615 lakhs and total current assets at ₹1,94,479 lakhs, resulting in total assets of ₹17,23,094 lakhs.


Source: Consolidated Statement of Assets and Liabilities.

MAXHEALTH Stock Price Movement​

Max Healthcare Institute Limited shares closed today, edging higher to ₹1091.1, marking a gain of 1.62% for the equity. The stock saw strong investor participation, trading a total volume of 2.76 million shares during the session.