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Holding Pte. Ltd. (Kayak), one of the promoter of Max Healthcare Institute Limited (MHIL), divested its entire shareholding held in MHIL on August 25, 2022 and holds NIL equity shares as on quarter ended March 31, 2023. Basis request received from Kayak, an application seeking re-classification of Kayak from Promoter to Public category has been made by the Company to stock exchanges and the same is under process with both the stock exchanges viz. BSE and NSE in terms of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. However, Kayak has been shown as promoter in the shareholding pattern for the quarter ended March 31, 2023 with NIL shareholding in line with the FAQs issued by exchanges wherein it has been suggested that The name of the promoter can be removed only after seeking approval of Reclassification from the Exchange. 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