Announced Thu, 4 Jun · 16:42 IST

Notice of Postal Ballot.

Promoter Family Board EntryManagement Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹10.50
prior close
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+1.4+2.2+2.4+4.8+9.2+19.1+27.1
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AI summary

Maximus International has issued a postal ballot notice to seek shareholder approval for the appointment of Mr. Aniruddh Gandhi (DIN: 07912519) as a Non-Executive Non-Independent Director. Mr. Gandhi was initially appointed as Additional Director on April 18, 2026, and is now being regularized through this vote. He holds 7,83,32,880 shares (57.58% stake) as a Significant Beneficial Owner. He is 31 years old, holds an MS from Babson College (USA) and a Chemical Engineering degree from the University of Illinois Urbana-Champaign, with experience in specialty oils, lubricants, and international trade. He will receive no remuneration and is liable to retire by rotation. The e-voting window runs from June 5, 2026 to July 4, 2026.

Likely market impact

This is a routine regularization of a significant shareholder/promoter-associated individual onto the board, requiring shareholder approval within three months of appointment as per SEBI norms. Shareholders should note that over 57% of shares are tied to Mr. Gandhi as a beneficial owner, signalling major promoter alignment with board composition.