BSECompany Update9 Oct 2026 · 9 Oct 2026, 10:25 pm
Rating by CARE Ratings Limited
Max Healthcare Institute Ltd · 543220
✦ AI Summary▲ PositiveRating Change
Max Healthcare Institute Ltd has announced that CARE Ratings Limited has upgraded the credit rating for its wholly-owned material subsidiary, Crosslay Remedies Limited, to CARE AA+ with a stable outlook.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment7/10
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Full Announcement
Max Healthcare Institute Ltd - 543220 - Announcement under Regulation 30 (LODR)-Credit Rating
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October 9, 2026
Listing Department, Listing Department,
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot C-1, Block G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra (E), Dalal Street,
Mumbai - 400 051 Mumbai - 400 001
Symbol: MAXHEALTH Scrip Code: 543220
Sub.: Rating by CARE Ratings Limited
Ref.: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir / Madam,
This is to inform you that CARE Ratings Limited (“CARE”) has upgraded the credit rating for Crosslay Remedies Limited
(formerly ‘Jaypee Healthcare Limited’) a wholly-owned material subsidiary of the Company. The details of the ratings
are given as under:
Facilities Amount (₹ in Cr.) Credit Rating Rating Action
Long Term Bank Facilities 50.00 CARE AA+; Stable Reclassified ST facilities to LT and
(Enhanced from 40.00) Stable outlook assigned
Long Term Bank Facilities 1,211.80 CARE AA+; Stable Revised from CARE AA+ (CE); Stable
(Enhanced from 1,000.00)
Long Term / Short Term 105.00 CARE AA+; Stable / LT rating upgraded from CARE AA-;
Bank Facilities (Enhanced from 40.00) CARE A1+ Stable outlook assigned and ST rating
reaffirmed and removed from Rating
Watch with Positive Implications
The Company has received the communication today i.e. October 9, 2026 at 12.09 pm (IST).
This disclosure will also be hosted on Company's website viz. www.maxhealthcare.in.
Kindly take the same on record.
Thanking you
Yours truly,
For Max Healthcare Institute Limited
Dhiraj Aroraa
EVP - Company Secretary and Compliance Officer