Max Healthcare approves long-term service agreement with BPCM

Max Healthcare Institute Limited (BSE: MAXHEALTH) announced that its board of directors has approved a Long-Term Service Agreement ("LTSA") with Bharat Prakritik Chikitsa Mission (BPCM), a society focused on establishing a 200-bed hospital in Pitampura, Delhi. According to the company statement, the construction of the hospital is projected to be completed within the next three to four years. Max Healthcare will provide an interest-free, refundable deposit linked to construction milestones as a guarantee against the company’s performance obligations under the LTSA. The agreement is contingent upon the hospital being ready for commissioning. The board meeting concluded on March 12, 2025.