Max India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 03, 2025
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Max India Limited has informed the exchange that its 6th Annual General Meeting (AGM) will be held on Wednesday, September 3, 2025 at 2:30 PM IST via video conference, with the Annual Report and AGM notice being sent electronically to all members. Remote e-voting opens on August 30, 2025 and closes on September 2, 2025, with the cut-off date set as August 27, 2025. The accompanying Annual Report reveals FY25 consolidated revenue of ₹164.2 crores (down from ₹194.7 crores in FY24) and a wider EBITDA loss of ₹99.2 crores (vs ₹34.3 crores in FY24) as the company invests in scaling its senior care business. The company completed a rights issue raising ₹124.23 crores at ₹150 per share (oversubscribed 1.44 times) and monetized three floors at Max Towers, Noida for around ₹105 crores in May 2025. The filing also highlights expansion into Chandigarh and Gurugram senior living projects, growth in Antara AGEasy D2C platform (serving over 2 lakh customers), and the company's vision to become India's leading integrated senior care provider.
This is primarily a routine AGM notice with no direct stock-moving action, but shareholders should note the deeper FY25 losses and the strategic capital deployment toward the senior care business, which is in a heavy investment phase. The oversubscribed rights issue and non-core asset monetisation strengthen the company's liquidity position to fund future growth.