Max Healthcare expands equity base through employee stock options

On December 3, 2025, Max Healthcare Institute Limited announced the allotment of 316,839 equity shares, each with a face value of ₹10, to eligible employees. This allotment follows the exercise of vested stock options under the Max Healthcare Institute Limited - Employee Stock Option Scheme 2022, as approved by the nomination & remuneration committee. The shares were allotted at an exercise price of ₹350 per equity share, including a premium of ₹340 per share.

This issuance has increased the company's paid-up equity share capital from ₹972,45,25,150 to ₹972,76,93,540, and the total number of equity shares outstanding from 97,24,52,515 to 97,27,69,354. The new shares are identical in all respects to the existing equity shares and bear the ISIN INE027H01010.

The details of this allotment were provided to the National Stock Exchange of India Limited and BSE Limited, where Max Healthcare's shares are listed. The company will also publish this disclosure on its website.