Max India Limited has informed the Exchange regarding Notice of Postal Ballot
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Max India Limited has issued a postal ballot notice seeking shareholder approval on seven resolutions via remote e-voting from February 21, 2026 to March 22, 2026 (cut-off date February 13, 2026). Key proposals include: (1) payment of Rs. 3 crore annual gross compensation to Non-Executive Chairman Mr. Analjit Singh for FY2026-27 (Special Resolution), (2) increasing the ESOP 2020 pool size from 26,89,313 to 37,89,313 options — adding 11 lakh new stock options (Special Resolution), and (3) extending ESOP benefits to employees of subsidiary companies. The remaining four resolutions are ordinary resolutions approving material related party transactions involving Antara Senior Living Limited (wholly-owned subsidiary) with Contend Builders, Max Estates Gurgaon Limited, and Max Estates Gurgaon Two Limited for FY2025-26 and FY2026-27, including a hike in the FY2025-26 limit between Antara and Max Estates Gurgaon from Rs. 35 crore to Rs. 40 crore.
Shareholders should review and vote before March 22, 2026. The Rs. 3 crore chairman compensation exceeds 50% of total non-executive director remuneration, requiring special resolution approval. The 11 lakh additional ESOPs represent potential future equity dilution, while the related party transactions reflect ongoing intra-group business activities within the Max ecosystem (senior living and real estate).