Announced Tue, 6 Oct, 2026 · 18:29 IST
Maximus International board to consider promoter loan to equity conversion
Price
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Price reaction · full curve 14 horizons · vs prior close
-2.9%1-day move
₹15.08
prior close
₹15.07
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.1-3.1+0.0-2.8-2.9—————————
Up moveDown movePending
AI summary
Maximus International has informed BSE that its Board will meet on 10 October 2026 to consider converting the promoter's outstanding loan into equity shares. The conversion will be done under a Loan Agreement and a Special Resolution passed by members at the 10th AGM on 30 September 2025, under Section 62(3) of the Companies Act. The company will also apply to BSE for in-principle approval.
Likely market impact
Loan to equity conversion will cut debt but dilute existing shareholders as promoter stake rises.