Postal ballot results: new independent director and rights issue reallocation approved
MAXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Max India Limited shareholders approved two special resolutions via postal ballot on July 12, 2026. Resolution 1: Appointment of Ms. Mrinalini Mirchandani (DIN: 11619010) as Independent Director (Non-Executive) for 5 years, passed with 99.9962 percent in favour (3.09 crore shares for, 1,178 against). Resolution 2: Reallocation of unutilised portion of rights issue proceeds, passed with 99.9366 percent in favour (3.09 crore shares for, 19,622 against). Total of 58.9 percent of outstanding shares were polled.
Routine governance outcome. Both resolutions passed with overwhelming majority, showing strong shareholder support for new independent director and capital reallocation.