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Healthcare Institute LimitedMain BoardEquity2025-04-012026-03-312026-05-212026-05-15INRLakhsQuarterlyFourth quarterSingle segmentMedical and Healthcare Services2026-05-2112:07:002026-05-2115:44:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2026-03-18https://d35oenyzp35321.cloudfront.net/RPT_Policy_2a10152cff.pdffalsefalseNo default on loans and debt security.2026-01-012026-03-31AuditedStandalone7329000000913400000824240000001529300000196000001220100000112000000346300000241130000056386000002603800000026038000004554000001163000005717000000203210000000002032100000-390000020282000009731300000102.092.08002.092.08For Notes, kindly refer PDF file of Financial Results available on stock exchanges website viz. www.bseindia.com & www.nseindia.com.2025-04-012026-03-31AuditedStandalone2874450000030195000003176400000006392700000-9200000516690000039870000014290000008988300000223664000009397600000-1564000009241200000187840000019670000020751000000716610000000007166100000-170000007149100000973130000010796746000007.377.33007.377.33Professional and consultancy fee1516900000Other expenses894400000Professional and consultancy fee5563200000Other expenses3425100000142606000004789500000466000001319350000021590300000297400000002625640000079150000012470900000245890000041977700000020372000009819280000030720000004167900000531520000012100000200000000456700000101519000000249000000107081000000010890090000097313000007967460000089405900000894059000007128000000000712800000055210000051075000000396000001282720000011214000002180000028600000002881800000184920000058524000005565000002589000000066678000000019495000000108900900000For Notes, kindly refer PDF file of Financial Results available on stock exchanges website viz. www.bseindia.com & www.nseindia.com.Other financial assets2458900000Other non-current assets2037200000Other financial assets456700000Other current assets249000000Other non-current liabilities39600000Other financial liabilities1849200000Other current liabilities556500000356700000-9200000-12306000000-4625000000-232900000001020000000133900000014290000000150400000000-45000007156000001981600000325100000000-1980000000-21596000007081600000000204970000005031900000001280000013210000000002800000035258000000000000000000484000000014410000000071560000020427000000-2300000-42601000000000004964000000214260000023680000014420000014562000004135000000038830000011601000000116010000041551000005315200000Remeasurement gain/ loss on defined benefit plans-5200000-5200000Remeasurement gain/ loss on defined benefit plans-22700000-22700000-1300000-5700000-3900000-17000000Max Healthcare Institute Limited******Alexis Multi-Speciality Hospital Private Limited******Wholly - owned SubsidiaryAny other transactionLoan given to subsidiary-150000000001. 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assets-23400000Max Healthcare Institute Limited******Max Lab Limited******Wholly - owned SubsidiaryAny other transactionTransfer of employee retire benefits -in-12500000Max Healthcare Institute Limited******Max Lab Limited******Wholly - owned SubsidiaryAny other transactionMedical services availed/provided under company managed employees group medical policy-12900000Max Healthcare Institute Limited******Max Lab Limited******Wholly - owned SubsidiaryAny other transactionESOP charge to subsidiary-102100000Max Healthcare Institute Limited******Max Lab Limited******Wholly - owned SubsidiaryAny other transactionRental income from sub lease-20100000Max Healthcare Institute Limited******Max Lab Limited******Wholly - owned SubsidiaryAny other transactionHealthcare services rendered-23018700000Max Healthcare Institute Limited******Starlit Medical centre Private Limited******Step down SubsidiaryAny other transactionTransfer of employee retire benefits -out-3600000Max Healthcare Institute 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Gangotra******Director of listed entityAny other transactionDirector sitting Fees-110000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Ms. Amrita Gangotra******Director of listed entityRemuneration-175000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Mr. Anil Kumar Bhatnagar******Director of listed entityAny other transactionDirector sitting Fees-70000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Mr. Anil Kumar Bhatnagar******Director of listed entityRemuneration-175000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Mr. Mahendra Gumanmalji Lodha******Director of listed entityAny other transactionDirector sitting Fees-130000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Mr. Mahendra Gumanmalji Lodha******Director of listed entityRemuneration-175000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Mr. Michael Thomas Neeb******Director of listed entityAny other transactionDirector sitting Fees-120000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Mr. Michael Thomas Neeb******Director of listed entityRemuneration-175000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Mr. Narayan K Seshadri******Director of listed entityAny other transactionDirector sitting Fees-50000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Mr. Narayan K Seshadri******Director of listed entityRemuneration-175000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Dr. Pranav C. Mehta******Director of listed entityAny other transactionDirector sitting Fees-70000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Dr. Pranav C. Mehta******Director of listed entityRemuneration-175000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Mr. Pranav Chirayu Amin******Director of listed entityAny other transactionDirector sitting Fees-70000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Mr. Pranav Chirayu Amin******Director of listed entityRemuneration-175000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Mr. Narayan K Seshadri******Director of listed entityAny other transactionReimbursement of Expenses-15000000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Ms. Amrita Gangotra******Director of listed entityAny other transactionReimbursement of Expenses-600000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Mr. Mahendra Gumanmalji Lodha******Director of listed entityAny other transactionReimbursement of Expenses-22700000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Dr. Pranav C. Mehta******Director of listed entityAny other transactionReimbursement of Expenses-57300000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Alexis Multi-Speciality Hospital Private Limited******Wholly - owned SubsidiaryInvestment-037174590003717459000Max Healthcare Institute Limited******Alexis Multi-Speciality Hospital Private Limited******Wholly - owned SubsidiaryLoan-00150000000Loan0.09255 yearsUnsecuredFor general corporate business purpose, repayment of debt, capital expenditure and business expansionMax Healthcare Institute Limited******Alexis Multi-Speciality Hospital Private Limited******Wholly - owned SubsidiaryAny other transactionTrade Receivables-04690000Max Healthcare Institute Limited******Alexis Multi-Speciality Hospital Private Limited******Wholly - owned SubsidiaryAny other transactionTrade Payables-00674000Max Healthcare Institute Limited******Alps Hospital Limited******Wholly - owned SubsidiaryAny other transactionEmployee Stock Options Outstanding-04474200044695000Max Healthcare Institute Limited******Alps Hospital Limited******Wholly - owned SubsidiaryInvestment-053324720005332472000Max Healthcare Institute Limited******Alps Hospital Limited******Wholly - owned SubsidiaryAny other transactionTrade Receivables-0256210004404000Max Healthcare Institute Limited******Alps Hospital Limited******Wholly - owned SubsidiaryAny other transactionLoan and advances including interest-015995000001432000000Loan0.092510 yearsUnsecuredFor general corporate business purpose, repayment of debt, capital expenditure and business expansionMax Healthcare Institute Limited******Dr. B. 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Global Healthcare (Nigeria) Ltd******Wholly - owned SubsidiaryAny other transactionLoan and advances including interest-01221300013355000Loan0.0743 yearsUnsecuredFor general corporate business purpose, repayment of debt, capital expenditure and business expansionInvestment and loan given (including interest due thereon) to subsidiary 'MHC Global Healthcare (Nigeria) Ltd' has been provided for in the books of accounts on account.Max Healthcare Institute Limited******Max Healthcare Foundation******Wholly - owned SubsidiaryAny other transactionTrade Receivables-0511000685000Max Healthcare Institute Limited******Max Lab Limited******Wholly - owned SubsidiaryAny other transactionEmployee Stock Options Outstanding-036540003654000Max Healthcare Institute Limited******Max Lab Limited******Wholly - owned SubsidiaryInvestment-0400000000400000000Max Healthcare Institute Limited******Max Lab Limited******Wholly - owned SubsidiaryAny other transactionTrade Receivables-010854800068347000Max Healthcare Institute Limited******Pine Lab Limited******Entity having common directorAny other transactionTrade Payables-05100024000Actualization of provision resulted in written back of provisionMax Healthcare Institute Limited******Mr. Michael Thomas Neeb******Director of listed entityAny other transactionTrade Payables-01980000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Mr. Pranav Chirayu Amin******Director of listed entityAny other transactionTrade Payables-02010000Remuneration and sitting fees paid by the listed entity or its subsidiary to its director, key managerial personnel or senior management, except who is part of promoter or promoter group, shall not require approval of the audit committee provided that the same is not material in terms of the provisions of regulation 23 (i) of SEBI LODR.Max Healthcare Institute Limited******Starlit Medical centre Private Limited******Step down SubsidiaryAny other transactionTrade Receivables-05409300021468000Max Healthcare Institute Limited******Mr. Abhay Soi******Director & Key Managerial Personnel (Chairman & Managing Director)Remuneration-9889800000As per approval given by Nomination & Remuneration Committee/Board of Directors/Shareholders, as may be applicable.Max Healthcare Institute Limited******Mr. Yogesh Kumar Sareen******Key Managerial PersonnelRemuneration-6674800000As per approval given by Nomination & Remuneration Committee/Board of Directors/Shareholders, as may be applicable.Max Healthcare Institute Limited******Mr. Dhiraj Arorra******Key Managerial PersonnelRemuneration-1008600000As per approval given by Nomination & Remuneration Committee/Board of Directors/Shareholders, as may 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Kapur Memorial Hospital******Starlit Medical centre Private Limited******Entities under same Group/common controlPurchase of goods or services-5100000Dr. Balabhai Nanavati Hospital******Alexis Multi-Speciality Hospital Private Limited******Entities under same Group/common controlSale of goods or services-700000Dr. Balabhai Nanavati Hospital******Crosslay Remedies Limited******Entities under same Group/common controlSale of goods or services-11400000Dr. Balabhai Nanavati Hospital******Max Healthcare FZ-LLC******Entities under same Group/common controlAny other transactionIntermediary Services-182300000Dr. Balabhai Nanavati Hospital******Starlit Medical centre Private Limited******Entities under same Group/common controlSale of goods or services-1200000Dr. Balabhai Nanavati Hospital******Max Lab Limited******Entities under same Group/common controlAny other transactionPathology Services rendered-1893300000Hometrail Buildtech Private Limited******Alexis Multi-Speciality Hospital Private 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Payables-01170000Dr. B. L. Kapur Memorial Hospital******Alps Hospital Limited******Entities under same Group/common controlAny other transactionSecurity deposit-07472800078435000Dr. B. L. Kapur Memorial Hospital******Alps Hospital Limited******Entities under same Group/common controlAny other transactionTrade Payables-0193484000228428000Dr. B. L. Kapur Memorial Hospital******Max Healthcare FZ-LLC******Entities under same Group/common controlAny other transactionTrade Payables-03808400045438000Dr. B. L. Kapur Memorial Hospital******Muthoot Hospital Private Limited******Entities under same Group/common controlAny other transactionTrade Receivables-022580002627000Dr. B. L. Kapur Memorial Hospital******Dr. Balabhai Nanavati Hospital******Entities under same Group/common controlAny other transactionTrade Receivables-045000259000Dr. B. L. Kapur Memorial Hospital******Alexis Multi-Speciality Hospital Private Limited******Entities under same Group/common controlAny other transactionTrade Payables-04000041000Dr. B. 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Kapur Memorial Hospital******Starlit Medical centre Private Limited******Entities under same Group/common controlAny other transactionTrade Receivables-050000Dr. Balabhai Nanavati Hospital******Starlit Medical centre Private Limited******Entities under same Group/common controlAny other transactionTrade Payables-02500013000Dr. Balabhai Nanavati Hospital******Max Healthcare FZ-LLC******Entities under same Group/common controlAny other transactionTrade Payables-046210008561000Dr. Balabhai Nanavati Hospital******Max Lab Limited******Entities under same Group/common controlAny other transactionTrade Receivables-053260006286000Dr. Balabhai Nanavati Hospital******Crosslay Remedies Limited******Entities under same Group/common controlAny other transactionTrade Receivables-021100040000Dr. Balabhai Nanavati Hospital******Crosslay Remedies Limited******Entities under same Group/common controlAny other transactionTrade Receivables-0028000Dr. Balabhai Nanavati Hospital******Alexis Multi-Speciality Hospital Private Limited******Entities under same Group/common controlAny other transactionTrade Receivables-08860000Dr. Balabhai Nanavati Hospital******Muthoot Hospital Private Limited******Entities under same Group/common controlAny other transactionTrade Payables-0460000Hometrail Buildtech Private Limited******Starlit Medical centre Private Limited******Entities under same Group/common controlAny other transactionTrade Payables-001000Hometrail Buildtech Private Limited******Crosslay Remedies Limited******Entities under same Group/common controlAny other transactionTrade Receivables-0023000Max Lab Limited******Hometrail Buildtech Private Limited******Entities under same Group/common controlAny other transactionTrade Payables-040080004008000Max Lab Limited******Alexis Multi-Speciality Hospital Private Limited******Entities under same Group/common controlAny other transactionTrade Payables-0134000138000Max Lab Limited******Starlit Medical centre Private Limited******Entities under same Group/common controlAny other transactionTrade Payables-018960001957000Max Lab Limited******Crosslay Remedies Limited******Entities under same Group/common controlAny other transactionTrade Payables-064360003615000Max Lab Limited******Crosslay Remedies Limited******Entities under same Group/common controlAny other transactionTrade Receivables-099000100000Max Lab Limited******Muthoot Hospital Private Limited******Entities under same Group/common controlAny other transactionTrade Receivables-06120000Muthoot Hospital Private Limited******Max Healthcare FZ-LLC******Entities under same Group/common controlAny other transactionTrade Payables-01743000016942000Muthoot Hospital Private Limited******Crosslay Remedies Limited******Entities under same Group/common controlAny other transactionTrade Receivables-0220300010133000Muthoot Hospital Private Limited******Starlit Medical centre Private Limited******Entities under same Group/common controlAny other transactionTrade Receivables-0018000Starlit Medical centre Private Limited******Max Healthcare FZ-LLC******Entities under same Group/common controlAny other transactionTrade Receivables-00714000Dr. Balabhai Nanavati Hospital******Mr. Abhay Soi******Key Managerial PersonnelAny other transactionHealthcare Services Provided5000000-3100000Aggregate of INR 150 Lakhs with maximum amount of INR 50 Lakhs for single partyDr. Balabhai Nanavati Hospital******Mr. ADITYA SOI******Relative of Chairman & Managing DirectorAny other transactionHealthcare Services Provided5000000-1700000Aggregate of INR 150 Lakhs with maximum amount of INR 50 Lakhs for single partyDr. Balabhai Nanavati Hospital******Mrs. TARUNA SOI******Relative of Chairman & Managing DirectorAny other transactionHealthcare Services Provided5000000-1400000Aggregate of INR 150 Lakhs with maximum amount of INR 50 Lakhs for single partyDr. Balabhai Nanavati Hospital******Ms. HINAYA SOI******Relative of Chairman & Managing DirectorAny other transactionHealthcare Services Provided5000000-100000Aggregate of INR 150 Lakhs with maximum amount of INR 50 Lakhs for single partyDr. Balabhai Nanavati Hospital******Mr.Prabhakar Kadulkar******Relative of director of subsidiaryAny other transactionHealthcare Services Provided5000000-57700000Aggregate of INR 150 Lakhs with maximum amount of INR 50 Lakhs for single partyMuthoot Hospital Private Limited******Mrs. ARPITA MUKHERJEE******Director of subsidiaryAny other transactionHealthcare Services Provided5000000-200000Aggregate of INR 150 Lakhs with maximum amount of INR 50 Lakhs for single partyMuthoot Hospital Private Limited******Mr. SUJIT KUMAR MUKHERJEE******Relative of director of subsidiaryAny other transactionHealthcare Services Provided5000000-4700000Aggregate of INR 150 Lakhs with maximum amount of INR 50 Lakhs for single partyMuthoot Hospital Private Limited******DR. MRADUL KAUSHIK******Director of subsidiaryAny other transactionHealthcare Services Provided5000000-100000Aggregate of INR 150 Lakhs with maximum amount of INR 50 Lakhs for single partyAlps Hospital Limited******Mr. Gaurav Kumar******Key Managerial Personnel of subsidaryAny other transactionSecurity deposit received as per Company’s car policy for employees-0100000100000Crosslay Remedies Limited******Ms. Simran Kaur******Key Managerial Personnel of subsidaryAny other transactionSecurity deposit received as per Company’s car policy for employees-0150000150000As per company HR policyCrosslay Remedies Limited******Mr Gaurav Agarwal******Key Managerial Personnel of subsidaryAny other transactionSecurity deposit received as per Company’s car policy for employees-230000002300000As per company HR policyCrosslay Remedies Limited******Mr. Umang Jaiswal******Key Managerial Personnel of subsidaryAny other transactionSecurity deposit received as per Company’s car policy for employees-0166000166000As per company HR policyHometrail Buildtech Private Limited******Mr. Pankaj Sharma******Key Managerial Personnel of subsidaryAny other transactionSecurity deposit received as per Company’s car policy for employees-0140000140000As per company HR policyHometrail Buildtech Private Limited******Dr.Simmardeep Singh Gill******Director of subsidiaryAny other transactionSecurity deposit received as per Company’s car policy for employees-105000001050000As per company HR policyMax Healthcare Institute Limited******Mr. Dhiraj Aroraa******Key Managerial PersonnelAny other transactionSecurity deposit received as per Company’s car policy for employees-0360000360000As per company HR policyMax Healthcare Institute Limited******Mr. Yogesh Kumar Sareen******Key Managerial PersonnelAny other transactionSecurity deposit received as per Company’s car policy for employees-0951000951000As per company HR policyMax Healthcare Institute Limited******Mr. Mradul Kaushik******Director of subsidiaryAny other transactionSecurity deposit received as per Company’s car policy for employees-0500000500000As per company HR policyMax Healthcare Institute Limited******Ms. Vandana Ramesh Pakle******Director of subsidiaryAny other transactionSecurity deposit received as per Company’s car policy for employees-0200000200000As per company HR policyMax Healthcare Institute Limited******Mr. Harinder Singh Chehal******Director of subsidiaryAny other transactionSecurity deposit received as per Company’s car policy for employees-014000001400000As per company HR policyMax Healthcare Institute Limited******Mr. Anas Wajid Abdul******Director of subsidiaryAny other transactionSecurity deposit received as per Company’s car policy for employees-017000001700000As per company HR policyMax Healthcare Institute Limited******Mr. Suhas Parnami******Director of subsidiaryAny other transactionSecurity deposit received as per Company’s car policy for employees-0300000300000As per company HR policyMax Lab Limited******Mr. Sourabh Rastogi******Key Managerial Personnel of subsidaryAny other transactionSecurity deposit received as per Company’s car policy for employees-0192000192000As per company HR policyMax Lab Limited******Mr. Swapnil Soni******Key Managerial Personnel of subsidaryAny other transactionSecurity deposit received as per Company’s car policy for employees-0400000400000As per company HR policyMax Lab Limited******Mr. Arpan Malhotra******Director of subsidiaryAny other transactionSecurity deposit received as per Company’s car policy for employees-010000001000000As per company HR policyMuthoot Hospital Private Limited******Ms. Arpita Mukherjee******Director of subsidiaryAny other transactionSecurity deposit received as per Company’s car policy for employees-0380000380000As per company HR policyStarlit Medical centre Private Limited******Mr. Pramit Mishra******Director of subsidiaryAny other transactionSecurity deposit received as per Company’s car policy for employees-0298000298000As per company HR policy7716458000AuditedtrueM/s. S.R. Batliboi & Co. LLP, Chartered Accountantstrue2027-07-31