Max Healthcare Institute has submitted an application to the National Stock Exchange of India Limited and BSE Limited to re-classify Radiant Life Care Hospital Foundation from the ‘Promoter Group’ to the ‘Public’ category. This move follows the approval of the Board of Directors and is in accordance with regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The re-classification request was initially communicated on May 13, 2026, and subsequently approved by the board on May 21, 2026. The application, submitted on May 24, 2026, seeks the necessary approval and a no-objection letter from the stock exchanges to formalise the re-classification.
Radiant Life Care Hospital Foundation, formerly known as Radiant Life Care Foundation, is expected to transition from its current status as part of the ‘Promoter Group’ to being recognised under the ‘Public’ category. This change aligns with regulatory requirements and reflects the evolving corporate structure of Max Healthcare Institute.
The information regarding this re-classification will be available on Max Healthcare’s official website, www.maxhealthcare.in.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).