The Board considered and recommended the re-appointment of Mr. Gourav as Independent Director for another term of 5 years subject to approval of shareholders.
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Awaiting price reaction for this filing.
Max Heights Infrastructure reported Q1 FY26 revenue of Rs 265.77 lakhs, sharply higher than Rs 17.63 lakhs in Q1 FY25, but posted a net loss of Rs 15.85 lakhs versus a small profit of Rs 2.03 lakhs a year ago. The Board approved re-appointment of Mr. Gourav (DIN: 09008128) as Independent Director for another 5-year term starting December 24, 2025, subject to shareholder approval. It also approved an increase in remuneration for Managing Director and CFO Mr. Naveen Narang, and appointed M/s Shailendra Roy & Associates as Secretarial Auditor for 5 years. The company adopted new Memorandum and Articles of Association in line with the Companies Act, 2013. The 44th AGM is scheduled for September 19, 2025 via video conferencing, with no dividend declared.
No major positive trigger for shareholders — the company remains loss-making at the net level despite higher revenue, and no dividend is on the table. The re-appointment of the independent director and higher pay for the MD/CFO are routine governance items subject to shareholder vote at the upcoming AGM.