Submission of Annual Report for the Financial Year 2024-25.
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Maximus International Limited, a Vadodara-based lubricant manufacturer and BSE-listed subsidiary of Optimus Finance Limited, has filed its Annual Report for FY 2024-25 along with the notice for its 10th Annual General Meeting, scheduled for September 30, 2025 via video conferencing. For FY25, the company reported revenue of ₹156.9 crore (44% year-on-year growth), EBITDA of ₹15.2 crore (up 26%), PBT of ₹10.3 crore (up 23%), and PAT of ₹9.1 crore (up 14%), with a debt-to-equity ratio of 0.65x. Capital expenditure nearly six-fold jumped from ₹0.8 crore to ₹4.7 crore, reflecting investments in new manufacturing facilities and a modern corporate office. The AGM notice seeks shareholder approval for five items, including the appointment of a new secretarial auditor for five years, material related party transactions for FY 2026-27, and conversion of prospective promoter/non-promoter loans up to ₹20 crore into equity shares, which could lead to equity dilution.
The strong FY25 performance and ongoing capacity expansion in Africa and the Middle East signal continued growth momentum, but the proposed conversion of up to ₹20 crore of loans into equity could dilute existing shareholders depending on the conversion price and timing.