Max India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/04/2025 ,inter alia, to consider and approve Pursuant to Regulation 29 of the ....
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Max India Ltd has informed the stock exchanges that its Board of Directors will meet on Tuesday, April 15, 2025 to consider a proposal for fund raising. The proposal involves issuing equity shares or other securities through a rights issue and/or any other permissible mode allowed under applicable law. The intimation has been filed under Regulation 29 of the SEBI Listing Regulations, which requires listed companies to give advance notice of board meetings that consider fund-raising decisions. No specific size, price, or use of proceeds has been disclosed at this stage — these details, if approved, are likely to be shared after the board meeting.
This is only a preliminary intimation; the actual terms of any fund raise (size, price, and dilution) will be known after the April 15 board meeting. Shareholders should watch for the outcome, as a rights issue could involve dilution or require capital commitment from existing holders.