The Board of Directors of the Company in its meeting held today i.e. May 30, 2025, has, inter-alia, considered and approved the following:1. Subject to approval of the shareholders, a material related party transaction between Antara Senior Living Limited ( ASLL ), a wholly owned subsidiary of the Company and Max Estates Gurgaon Two Limited ( Developer ), a wholly owned subsidiary of Max Estates Limited.2. Amendment in the "Code of Conduct to Regulate, Monitor and Report Trading by Insiders" ("the Code").3. Amendment in the Max India Limited Employee Stock Options Scheme 2020 ("ESOP Scheme") of the Company, subject to relevant approval from the members and other statutory approval.As per detailed disclosure enclosed
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Max India's Board, at its meeting on May 30, 2025, approved three items. First, a material related party transaction between its wholly owned subsidiary Antara Senior Living Limited (ASLL) and Max Estates Gurgaon Two Limited, a wholly owned subsidiary of Max Estates Limited, subject to shareholder approval. Second, amendments to the company's Code of Conduct for trading by insiders. Third, amendments to the Max India Limited Employee Stock Options Scheme 2020, subject to member and statutory approvals. The related party transaction is essentially an intra-group deal between two subsidiaries of Max India group entities. Detailed disclosure has been enclosed with the filing.
This is largely a procedural and intra-group matter with no impact on the core business or shareholding structure. Shareholders will need to approve the related party transaction, and the ESOP changes could affect employee compensation terms. No material change to business outlook is expected.