Declaration of e-voting results of the 10th Annual General Meeting of shareholders of Maximus International Limited held on Tuesday, 30th September, 2025 through Video Conferencing (VC).
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Maximus International Limited (BSE: 540401) held its 10th Annual General Meeting on 30 September 2025 via video conferencing, with 52 shareholders attending (6 promoters and 46 public). The company had 36,107 shareholders on the record date (23 September 2025). All 5 resolutions were passed with overwhelming majority. Resolution 1 (adoption of audited financial statements for FY ended March 2025) was passed with 100% votes in favour. Resolutions 2 and 3 (appointment of director and secretarial auditor) passed with 99.99998% in favour. Resolution 4, a special resolution approving material related party transactions for FY 2026-27, passed with 99.9997% support (promoters abstained due to conflict of interest). Resolution 5, a special resolution for conversion of prospective loans into equity shares, passed with 99.99997% in favour.
All resolutions passed comfortably, indicating no shareholder dissent. The approval to convert loans into equity (Resolution 5) may lead to share dilution for existing shareholders, while the related party transaction approval (Resolution 4) warrants monitoring for governance concerns. Overall, the smooth approval process reflects stable shareholder confidence.