Max India Limited

25%

Max Group has built a strong reputation over three decades by creating iconic brands & delivering ~25% CAGR to shareholders. • Consistently spotted emerging trends & built iconic & leading businesses:

INR 1.13

Consistently spotted emerging trends & built iconic & leading businesses: - Max Healthcare – Mcap INR 1.13 L Cr, Max Life Insurance – Mcap INR 55 K Cr are established success stories • Identified Senior Care

INR 55

uilt iconic & leading businesses: - Max Healthcare – Mcap INR 1.13 L Cr, Max Life Insurance – Mcap INR 55 K Cr are established success stories • Identified Senior Care as the next transformative success sto

1.3%

rket • Projected to reach USD 33 Bn by 2030 from USD 13 Bn in 2024. • Current market penetration at 1.3% vs 5-6% of developed markets, expected to reach only 2.5% by 2030 • Key Growth Drivers: Rise of nu

6%

jected to reach USD 33 Bn by 2030 from USD 13 Bn in 2024. • Current market penetration at 1.3% vs 5-6% of developed markets, expected to reach only 2.5% by 2030 • Key Growth Drivers: Rise of nuclear fa

2.5%

in 2024. • Current market penetration at 1.3% vs 5-6% of developed markets, expected to reach only 2.5% by 2030 • Key Growth Drivers: Rise of nuclear families, higher life expectancy, increasing disease

rs,

ngs & Presence • Senior Residences – Fully operational community in Dehradun inhabited by 180+ seniors, ~650 units in Noida and Gurugram are fully sold out, with Noida ready for possession; Gurgaon Estat

92%

R, Bangalore & Chennai; have served 37k + patients while maintaining a Voice of Customer score of 92%+; • AGEasy – offerings products & solutions for chronic condition management, having served over

INR 1,12,123

merged with Radiant Lifecare (entity backed by KKR) in 2020. Max Healthcare current market cap INR 1,12,123 cr (USD 12.6bn) Entered Life insurance space in early 2000, in collaboration with one of the Ameri

INR 1,50,000

n with one of the America’s largest Life Insurer, New York Life Max Life Insurance crossed AUM of INR 1,50,000 cr (USD 18bn), with over 20% year-on-year growth 81:19 joint venture between Max Financial Service

20%

fe Insurer, New York Life Max Life Insurance crossed AUM of INR 1,50,000 cr (USD 18bn), with over 20% year-on-year growth 81:19 joint venture between Max Financial Services and Axis Bank. Max Financi

INR 53,535

int venture between Max Financial Services and Axis Bank. Max Financial Services current market cap INR 53,535 cr (USD 6.2bn) In 2008, Max Group forayed into Health insurance In 2009, Bupa Plc (largest healt

“No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.”

“22 2 Executive Summary (1/2) Max Group Legacy & Strategic Context • Max Group has built a strong reputation over three decades by creating iconic brands & delivering ~25% CAGR to shareholders.”

“1004k sft (360 units) Good response received 3-4 Years Construction Period ~15-20% IRR 8-10% Project Management Fee 95-100% Collection Efficiency 250+ Minimum Dwelling Units Typical Project Economics 95%+ Pre-Sale Rate 1,500-2,500 Average Apartment Size (sq.”

“*Max estates Gurgaon 2 Limited (MEG2L) is developing the project in which senior living towers are to be managed by Antara This information was prepared by Antara Senior Living Ltd.”

“Support Services Trained and reliable caregivers to assist elders in daily living activities Home sample collection & diagnostic services  Plan to launch at-home services in Hyderabad in Q1FY27.”

“Planning to launch "Gut Health" as next condition in FY26.”

Status

2

Sub

1

Launch Date

1

Saleable Area

1

Balance from Customers collections

1

Sub

Investor Presentation Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed presentation for the investor meeting to be held on December 8, 2025. You are requested to kindly take the aforesaid on record. Thanking you, Yours faithfully, For Max India Limited Trapti Company Secretary & Compliance Officer Encl.: As above Investor Presentation December, 2025 11 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

Status

1004k sft (360 units) Good response received 3-4 Years Construction Period ~15-20% IRR 8-10% Project Management Fee 95-100% Collection Efficiency 250+ Minimum Dwelling Units Typical Project Economics 95%+ Pre-Sale Rate 1,500-2,500 Average Apartment Size (sq. ft.) 20-25% EBITDA Margin on maintenance income at steady state 40:60 Direct : Partners Channel Mix (%) 1313 Note: (1) Project developed by Max Estates Gurgaon Ltd – Antara is the Manager for Senior Living towers of the Project; (2) Subject to approval; (3) Till 31st March 2025 Note: (2) Project developed by Max Estates Gurgaon 2 Ltd – Antara is the Manager for Senior Living towers of the Project; (2) Project to be launch in Sept end’25 Antara Dehradun: Operations Stable; Q2 FY26 revenue Rs 6.18 Cr; Community continues to be in Cash & profit surplus 14 Acres 5,75,500 1,400-6,600 Land Parcel of the company's flagship project Saleable area in sq ft Average Apartment Size range in Sq Ft 60,000 Rs 25,000 1 re-sales* Clubhouse size squa

Balance from Customers collections

~Rs 837crore ~62.5% of Surplus 15-16% 1616 16 E360, Gurugram : All units sold out within ~10 months of launch, Achieved total sales value of ~ INR 1.5k+ crs Total Saleable area = 7.63 lacs sq. Ft. Avg. Price = ~20.05k per sq. ft. (ExcL GST) Avg. Size of the Apartment= 2615 sq. ft. Total Gross Sales of Senior Residences towers = ~INR 1530 Crs. Collection till 30th Sep’25 (ITD) = 331.55 Crs. Development Fee billed ITD (30th Sep’25) = 27.56 Crs. Collection till 30th Sep’25 (YTD) = 92.75 Crs. Development Fee billed YTD (30th Sep’25) = 8.24 Crs. This information was prepared by Antara Senior Living Ltd. It is not to be used or relied upon by any 3rd party without Antara’s written consent. 17 E360, Gurugram – All 292 units of Senior Living sold out till Jul’25, with sales collection ~ Rs ~332 Cr, collection efficiency ~ 99% 292 ~7,63,500 ~ 2,600 Available Units Saleable area in sq ft Average Apartment Size in Sq Ft 35:65 Channel Mix (%) Direct: Partners Collection efficiency ~ 99% ~Rs 21,000