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MAXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Max India Limited announced the results of its postal ballot (e-voting period: June 13 to July 12, 2026), with both special resolutions passed by shareholders with overwhelming majority. Resolution 1 approved the appointment of Ms. Mrinalini Mirchandani (DIN: 11619010) as an Independent Director (Non-Executive) for a five-year term, receiving 99.9962% votes in favour (3,09,32,772 votes) versus just 1,178 votes against. Resolution 2 approved the reallocation of the unutilised portion of proceeds from the company's rights issue, receiving 99.9366% votes in favour (3,09,14,328 votes) versus 19,622 against. Total valid votes polled were 3,09,33,950, representing about 58.9% of the company's paid-up equity share capital of 5,25,22,862 shares.
Routine governance update with no material impact on shareholders - both resolutions received near-unanimous approval. The addition of a new Independent Director strengthens board composition, while the reallocation of rights issue proceeds confirms the company is actively deploying previously raised capital.