Max India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
MAXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Max India Limited has announced the results of its postal ballot (e-voting period: February 21 to March 22, 2026), with all 7 resolutions approved by shareholders. The three special resolutions included payment of compensation to Non-Executive Chairman Mr. Analjit Singh for FY 2026-27 (passed with 88.63% in favor), amendment to the ESOP Plan 2020 (99.71%), and grant of stock options to subsidiary employees (99.71%). The four ordinary resolutions covered material related party transactions involving Antara Senior Living Limited, Max Estates Gurgaon Limited, and Contend Builders Private Limited for FY 2025-26 and FY 2026-27, all passed with over 98% approval. Notably, promoter and promoter group shareholders did not vote on the four RPT resolutions as they were deemed interested parties. Total valid votes polled stood at 3,32,20,606 equity shares, out of the company's paid-up capital of 5,25,22,862 shares.
All key items including chairman compensation, ESOP changes, and related party transactions have shareholder backing, providing clarity on management remuneration and inter-company dealings. No negative surprise here, though the chairman's compensation resolution saw the highest dissent (~11.4%), which retail investors may note.