Investor Presentation

June 24, 2026 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street Bandra (East) Mumbai – 400 001 Mumbai – 400051 Scrip Code: 543223 Name of Scrip: MAXIND Sub: Investor Presentation Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investor Presentation released by the company. You are requested to kindly take the aforesaid on record. This disclosure will also be hosted on the Company's website viz www.maxindia.com. Thanking you, Yours faithfully, For Max India Limited Trapti Company Secretary and Compliance Officer Encl.: As above MAX INDIA LIMITED CIN: L74999DL2019PLC464953 Corporate Office: Landmark House, 3rd Floor, Plot No. 65, Sector-44, Gurgaon - 122003, Haryana | www.maxindia.com +91 124 6984444 | Regd. Office: Max House, 1, Dr. Jha Marg, Okhla, New Delhi, India – 110020 Investor Presentation June, 2026 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Max India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. Max Group has consistently spotted emerging trends & built iconic, market leading businesses, delivering ~25% CAGR to its shareholders over the last three decades In 2001, Max Group ventured into Healthcare sector and opened its first healthcare facility in South Delhi & Noida Max Healthcare operates 21 healthcare facilities with over 6,000+ beds In 2011, Life Healthcare onboarded as JV Partner. Business divested in 2019, Max Healthcare merged with Radiant Lifecare (entity backed by KKR) in 2020. Max Healthcare current market cap INR 1,04,896* cr (USD 11 bn) Entered Life insurance space in early 2000, in collaboration with one of the America’s largest Life Insurer, New York Life Max Life Insurance crossed AUM of INR 1,89,795 cr (USD 22 bn), with over 8% year-on-year growth 81:19 joint venture between Max Financial Services and Axis Bank. Max Financial Services current market cap INR 58,103* cr (USD 6 bn) In 2008, Max Group forayed into Health insurance In 2009, Bupa Plc (largest health insurer in Europe) onboarded as JV Partner to form Max Bupa Health Insurance In 2019, Max India divested its stake in Max Bupa to True North, a leading Indian Private Equity firm, leading to the rebranding as Niva Bupa Niva Bupa current market cap INR 16,038* cr (USD 1.7 bn) Established in 2016, Max Estates is the real estate arm of the Max Group, focusing on premium commercial and residential spaces in Delhi-NCR Total real estate portfolio of ~18 million sqft encompassing residential, commercial, and mixed-use developments The company's overall commercial portfolio is poised for an annuity rental income potential of over INR 700 crore over the next five years. The only manufacturing business in the Max Group, Max Speciality Films Ltd. (MSFL) is a pioneer in Speciality BOPP films in India 3rd Largest BOPP film manufacturer with ~ 72,000 TPA capacity In 2017, Max Group partnered with Toppan, which acquired a 49% stake in MSFL, and in 2021, the balance 51% stake was also sold to Toppan 33 Note: * Market cap as on 23rd June’26 Senior care poised to become the Group’s next transformative success story with a potential to significantly enhance shareholder value Comprehensive senior care ecosystem building a flywheel Established market traction across business for customer retention and optimized acquisition costs verticals with strong customer validation Integrated Established Ecosystem traction Max Group’s successful legacy across Supported by a distinguished board & led Unique Pedigreed sectors gives Antara a distinct advantage by an accomplished leadership team positioning Team Large Solid growth Senior Care in India is a mega trend Market Proven playbook for scalable growth strategy that can be served profitably with a clear path to profitability Senior Living: A high-growth market supported by strong, structural tailwinds DEMOGRAPHIC & SOCIAL SHIFTS DEMAND FOR SENIOR INFRASTRUCTURE UNDERPENETRATED VS. GLOBAL PEERS Home Care INR 10k–35k/month: Nurses, MARKET PENETRATION — ORGANIZED SENIOR LIVING physiotherapy, trained attendants India 1.5% 162mn → ~2× 346mn 2025 Senior Living Dignified communities, not traditional 2050 old-age homes United States 6 – 7% New Zealand 14 – 15% Assisted / Transition / Day Care Long-term care & short-term rehabilitation, drop-off care Senior population (60+) expected to double by 2050 Nuclear families along with rise of global mobility of STRUCTURAL BARRIERS KEEPING PENETRATION LOW 70% Telemedicine & Emergency Response Remote care children delivery and rapid-response systems Cultural stigma: Children expected to personally care for ageing parents Elderly have no pension; NPS AUM now over ₹16.5 lakh crore (226% rise) Dementia & Palliative Care Specialized care for Limited awareness & acceptance about professional advanced age conditions elder care options 18% Elderly have health insurance Complex decision cycles: Kids pay, parents utilize POTENTIAL DEMAND FOR SENIOR LIVING (MN UNITS) services 75% Elderly suffer from chronic illnesses Insufficient infrastructure & skilled workforce across India 24% Cannot perform daily activities independently 2.3 Private sector participation is limited and fragmented 6% CAGR ~ USD 30 Bn Opportunity FY25 FY30 Source: Research reports Max Group - Structure overview Life Insurance Real Estate Senior Care n Max Financial Max Estates Max India p Services Limited Limited Limited o [Showing first 8,000 characters — download PDF for full document]