Max India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Max India Limited has announced the results of a postal ballot (e-voting) conducted between June 11 and July 10, 2025, to seek shareholder approval for a material Related Party Transaction between Max Estates Gurgaon Two Limited and Antara Senior Living Limited, both group companies. Out of 5,18,71,306 total equity shares, 64,72,547 shares (12.48% of outstanding shares) were voted, with 99.96% voting in favour and just 0.04% against the resolution. The resolution, which was an Ordinary Resolution, has been deemed passed with the requisite majority. Promoters and promoter group, being interested in the resolution, did not vote, while all voting came from public shareholders.
This is a routine regulatory disclosure confirming shareholder approval for an intra-group related party transaction. Since the transaction is between two Max group entities and was overwhelmingly approved, it is procedurally complete with no material impact on minority shareholders, though the fact that promoters were interested and abstained is worth noting.