MAX Healthcare Institute announced its 25th Annual General Meeting (AGM) scheduled for Thursday, July 30, 2026, to be held via video conference. The company has set Friday, July 3, 2026, as the ‘Record Date’ for determining members eligible for the final dividend. A detailed communication has been sent to members regarding the deduction of tax at source on the final dividend for the financial year 2025-26.
Annual General Meeting Scheduled
MAX Healthcare Institute Limited will hold its Twenty-Fifth (25th) Annual General Meeting (AGM) on Thursday, July 30, 2026. The meeting will be conducted through video conference or other audio-visual means, adhering to guidelines from the Ministry of Corporate Affairs and SEBI.
Record Date and Dividend Announcement
The Board of Directors has recommended a final dividend of Rs. 2.00/- per equity share for the Financial Year ended March 31, 2026. The ‘Record Date’ for determining the members entitled to receive this dividend, subject to member approval at the AGM, has been fixed as Friday, July 3, 2026. This dividend will be paid to members holding equity shares as of this date.
Taxation on Dividend
Dividend income is taxable for shareholders for the Tax Year 2026-27. MAX Healthcare Institute is required to deduct tax at source (TDS) on the dividend payable to members at prescribed rates. These rates vary based on the member’s residential status and submitted documentation.
Resident Members
- No TDS will be deducted on dividend payments to resident individual members if the total dividend does not exceed Rs. 10,000 for the tax year 2026-27, provided a valid PAN is available.
- For other resident members, TDS will be deducted at the following rates:
- 10% if a valid PAN is updated with the Depository Participant or the Company’s registrar.
- 20% if no PAN, an invalid PAN, or an inoperative PAN is provided, and no exemption is sought.
- Lower or nil tax deduction may apply if a certificate from the Income Tax Department under section 395 of the IT Act is provided.
- Members can submit specific documents, such as Form 121, to claim exemptions or lower TDS rates.
Non-Resident Members
- Non-resident members have the option to be governed by the Double Taxation Avoidance Agreement (Tax Treaty) between India and their country of tax residence if it is more beneficial.
- Applicable tax rates will be 20% plus applicable surcharge and cess, or the Tax Treaty Rate, whichever is lower.
- To avail Tax Treaty benefits, non-residents must submit several documents, including a self-attested copy of their PAN, Tax Residency Certificate, and a self-declaration. Specific requirements vary by category, including Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs), Alternative Investment Funds (AIFs), and Sovereign Wealth Funds.
- Submitting a certificate under section 395 of the IT Act or a nil withholding tax certificate may also reduce the tax burden.
Submission Deadlines and Important Notes
All required forms and declarations must be submitted to the RTA (MUFG Intime India Private Limited) via their website at https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html on or before Friday, July 10, 2026. Any submissions received after this date will not be considered for the final dividend payment.
The company reserves the right to determine and deduct appropriate TDS based on its independent assessment. Members who have shares under multiple accounts or single PAN across different residential statuses should note that the higher applicable tax rate will be considered for their entire shareholding. The company will rely on the report from the Income Tax Department to determine if a PAN is operative or inoperative.
Members are advised to consult their tax advisors for specific guidance. Bank account details should be updated with the Depository Participant or submitted to the RTA if shares are held in physical form to ensure timely dividend credit.
A detailed communication on this matter has been sent to all members, and a copy is enclosed as an annexure to this disclosure. This disclosure will also be hosted on the company’s website: www.maxhealthcare.in.
Source: BSE
