The board of directors of Max Healthcare Institute Limited at its meeting held on February 24, 2024, approved In-principle approval for expansion of Company's footprint in Lucknow, Uttar Pradesh. The aforesaid Land Parcel has potential to develop ~ 500 bedded Hospital with a built-up area of ~ 8 (eight) Lakh Sq. feet.

The proposed capacity will be added over the next 10 years in a phased manner. Investment required for acquisition of Land Parcel will be ~ INR 1,670 million (including stamp duty registration cost). The additional bed capacity will cater to the healthcare needs of communities residing in and around Lucknow region in a fast developing State of Uttar Pradesh.