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Singh, certain promoters of the Company, a sale of 4,07,50,158 equity shares, representing 4.20% of the existing equity share capital of the Company and a sale of 58,18,021 equity shares representing 0.60% of the existing equity share capital of the Company, were not undertaken towards compliance with the minimum public shareholding threshold. Accordingly, as on December 31, 2021, while the public shareholding of the Company is represented as 39.32%, this includes 4.80% of the equity share capital of the Company (as referred above), which has not been considered towards compliance with the minimum public shareholding threshold. (ii) Compliance with Minimum Public Shareholding Threshold: On August 20, 2021, one of the Promoters of the Company viz. Kayak Investments Holding Pte. Ltd. (“Kayak”), has sold 27,26,754 (Twenty Seven Lakhs Twenty Six Thousand Seven Hundred Fifty Four) equity shares, constituting 0.28% of the issued and paid-up equity share capital of the Company by way of an open market sale, in accordance with SEBI Circular no. SEBI/HO/CFD/CMD/CIR/P/43/2018 dated February 22, 2018 and SEBI approval letter No. SEBI/HO/CFD/CMD3/OW/2021/17082021 dated August 17, 2021. Consequent to the aforementioned open market sale, the Company has duly complied with the minimum public shareholding requirements, as prescribed under the Securities Contracts (Regulation) Rules, 1957 as amended and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. (iii) Pursuant to Max Healthcare Institute Limited – Employee Stock Option Plan 2020, the Company has allotted 27,83,288 (Twenty Seven Lakhs Eighty Three Thousand Two Hundred and Eighty Eight) , 6,67,005 (Six Lakhs Sixty Seven Thousand and Five) and 1,93,225 (One Lakh Ninety Three Thousand Two Hundred Twenty Five) equity shares on Oct 26, 2021, Nov 12, 2021 and Dec 01, 2021 respectively to the eligible employees. Accordingly, as on December 31, 2021, the total paid up share capital of the Company has been increased from INR 965,94,50,060 (Indian Rupees Nine Hundred Sixty Five Crores Ninety Four Lakhs Fifty Thousand and Sixty) to INR 969,58,85,240 (Indian Rupees Nine Hundred Sixty Nine Crores Fifty Eight Lakhs Eighty Five Thousand Two Hundred Forty). (iv) On October 06, 2021, Kayak has created pledge 25,11,45,702 (Twenty Five Crores Eleven Lakhs Forty Five Thousand Seven Hundred and Two) Equity Shares, constituting 26% of the issued and paid-up equity share capital of the Company. (v) On December 8, 2021, the Company has made an application to stock exchanges (i.e. BSE and NSE) for reclassification of certain Promoters / Promoter Group (i.e. Mr. Analjit Singh, Ms. Neelu Analjit Singh, Ms. Tara Singh Vachani, Ms. Piya Singh, Mr. Veer Singh and Max Ventures Investment Holdings Private Limited ) to Public Category in terms of Regulation of 31A of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. 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