Max Healthcare Institute Ltd
Hon''ble National Company Law Tribunal order for voluntary liquidation of ET Planners Private Limited
REGULATORY
● No Immediate Change
LOW RISK
📅 Filed on BSE: 25 Mar 2026, 10:39 PM IST · BSE ID: 02de3bb8-c366-4cb6-8a0d-0d93e4d69fe7
View Original BSE Filing (PDF)
💡
In Simple Terms
Max Healthcare's small subsidiary company ET Planners has been officially wound up and dissolved following a court order, with its business transferred to its parent company.
🤖 AI Summary
- ET Planners Private Limited dissolved by NCLT order on March 25, 2026
- Step-down wholly-owned subsidiary of Max Healthcare, incorporated September 26, 2017
- Paid-up share capital Rs. 1,16,620 divided into 11,662 equity shares of Rs. 10 each
- Business undertaking transferred to parent shareholder Alps Hospital Limited on going concern basis
- Max Healthcare states dissolution will not affect business operations or have material financial impact
🔢 Key Numbers — exact figures from BSE filing, not rounded
ET Planners Paid-up Share Capital
Rs. 1,16,620
ET Planners Equity Shares
11,662 shares of Rs. 10 each
ET Planners Authorized Share Capital
Rs. 1,00,00,000
NCLT Dissolution Order Date
March 25, 2026
🏢 How This Affects the Company
Max Healthcare has stated the dissolution of ET Planners will not have material impact on the parent company's financials.
👥 What This Means For Shareholders
✅
Action Required
No action required by Max Healthcare shareholders. Filing is informational disclosure of completed subsidiary liquidation.
👤
Who Is Affected
All Max Healthcare shareholders are indirectly affected as they own the parent company. However, impact is immaterial—company explicitly stated dissolution will not affect financials or operations.
🔍
Management Signal
Management has executed planned subsidiary exit through proper NCLT voluntary liquidation process, suggesting orderly portfolio rationalization of non-core entities.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Check Max Healthcare's next quarterly financials for any balance sheet adjustments related to ET Planners write-off
Monitor regulatory disclosures for any Alps Hospital Limited structural changes post-ET Planners integration
Verify RoC strike-off of ET Planners from Delhi & Haryana company records following NCLT order
LOW RISK
Subsidiary liquidation completed via proper NCLT process with no material impact. Orderly exit reduces portfolio complexity and contingent liabilities.
💡 Investor Takeaway
ET Planners Private Limited dissolution completed via NCLT order March 25, 2026. Paid-up capital Rs. 1,16,620. Max Healthcare confirmed no material financial or operational impact on parent company. Filing is status completion of previously announced voluntary liquidation.
⚖️ Strengths & Concerns
✅ Positives
- Voluntary liquidation completed through proper legal channels with NCLT approval and full regulatory compliance
- Business undertaking transferred to parent company on going concern basis preserves operational continuity
⚠️ Concerns
- ET Planners represents a failed or redundant business venture requiring liquidation and statutory dissolution
- Subsidiary had minimal paid-up capital of Rs. 1,16,620, suggesting limited operational scale or stranded asset
📅 Company Track Record
ET Planners Private Limited was incorporated September 26, 2017 (CIN: U74999DL2017PTC324142) to establish, manage and support hospitals, diagnostic centers, clinics and healthcare institutions. Voluntary liquidation initiated September 6, 2024 following board approval. Company declared solvent with no debts unable to be paid from liquidation assets.
Based on publicly available historical data. For context only.