Corrigendum to the Notice of the 6th Annual General Meeting.
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Max India Limited has issued a corrigendum to the notice of its 6th Annual General Meeting (AGM) originally dated August 5, 2025; the AGM is scheduled for September 3, 2025 via video conferencing. The change relates to Item No. 8, which seeks shareholder approval for issuing up to 36,19,594 fully convertible warrants on a preferential basis. Following observations from the NSE on the original pricing, the Board revised the issue price to Rs. 222 per warrant, keeping the aggregate issue size unchanged at about Rs. 80.35 crore. Allottees include promoter entity Max Ventures Investment Holdings (9.91 lakh warrants) and six non-promoter allottees, with the largest being Singularity Equity Fund I (22.53 lakh warrants). The proceeds are earmarked for investment in Antara Senior Living Limited and its subsidiaries for senior living projects, to be utilised by March 31, 2027. On full conversion, promoter shareholding will dilute from 50.14% to 48.66% and public shareholding will rise from 49.86% to 51.34%, with no change in control or management.
Shareholders should review the revised pricing and allotment list before voting at the September 3 AGM. The issue is a growth-funding exercise for the senior living business and will result in modest equity dilution, though promoter control of the company will remain unaffected.