MAXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Max India Limited has filed its quarterly compliance statement confirming no deviation in the utilisation of proceeds from its Rights Issue and Preferential Issue. The Rights Issue raised Rs. 124.23 Crores on May 23, 2025, while the Preferential Issue received Rs. 40.17 Crores (50% of Rs. 80.35 Crore) on September 24, 2025. The filing confirms that all funds have been deployed according to the objects stated in the Letter of Offer dated April 25, 2025. CARE Ratings Limited acted as the monitoring agency for the Rights Issue. This is a standard regulatory requirement under SEBI LODR Regulation 32(3), and no deviations or variations were reported for the quarter ending March 31, 2026.
This is a neutral to positive filing for shareholders as it confirms the company has deployed funds as committed, with no changes to stated objectives or any misuse of proceeds. The stock is unlikely to be impacted.