Max Healthcare Institute Limited members have approved the ‘Max Healthcare Institute Limited – Performance Linked Restricted Stock Unit Scheme 2026’. This scheme allows for the grant of performance-linked restricted stock units to eligible employees of the company and its subsidiaries. Additionally, members approved alterations to the company’s Main Objects Clause within its Memorandum of Association, expanding its operational scope.
Key Member Approvals for Max Healthcare
Max Healthcare Institute Limited announced today that its members, through postal ballot and remote e-voting, have approved crucial corporate resolutions. These approvals are effective as of October 19, 2026, signifying key developments in the company’s employee incentive programs and its long-term strategic direction.
Performance Linked Stock Unit Scheme Approved
A significant resolution passed was the approval of the ‘Max Healthcare Institute Limited – Performance Linked Restricted Stock Unit Scheme 2026’. This scheme is designed to grant performance-linked restricted stock units to eligible employees across the company and its subsidiary entities. The total number of equity shares that may be issued under this scheme shall not exceed 73,50,000, representing approximately 0.76% of the company’s paid-up equity share capital as of August 13, 2026. The exercise price for each unit is set at the face value of one equity share, which is currently ₹10/-.
Alteration of Main Objects Clause
Furthermore, the members have also approved amendments to the Main Objects Clause of the Memorandum of Association of the Company. These alterations are aimed at broadening the company’s scope of business activities. Key additions include provisions to:
- Establish, manage, and operate medical colleges, teaching institutions, and other healthcare and allied health education facilities, including research and skill development.
- Manufacture, process, develop, and distribute pharmaceuticals, medical preparations, drugs, allied products (including radiopharmaceuticals), and medical supplies. This also includes establishing and operating facilities for the production and research of such products.
- Provide food and beverage services in connection with its establishments, including operating cafeterias, restaurants, and other food-related businesses, along with manufacturing and distributing food products.
These changes are subject to the approval of the Registrar of Companies and the Ministry of Corporate Affairs.
Source: BSE
