Event Details
Max India Limited's Board of Directors approved, through Circular Resolution on July 23, 2026 at 7:45 p.m., the allotment of equity shares pursuant to conversion of Fully Convertible Warrants. This disclosure is made in furtherance to the company's earlier disclosure dated September 24, 2025.
Allotment Details
The company allotted 36,19,594 equity shares of ₹10 each at an issue price of ₹222 per share (premium of ₹212 per share) on a preferential basis. The aggregate amount raised through this allotment is ₹80,35,49,868.
Allottee Breakdown
| Allottee Name | Category | Number of Equity Shares Allotted |
| Max Ventures Investment Holdings Private Limited | Promoter | 9,91,162 |
| Singularity Equity Fund I | Non-Promoter | 22,53,085 |
| Paulastya Sachdev | Non-Promoter | 48,873 |
| P&Y Capital Trust | Non-Promoter | 1,79,855 |
| Reetha Shetty | Non-Promoter | 48,873 |
| ANG Corporate Services Private Limited | Non-Promoter | 48,873 |
| Kantilal Babulal Oswal | Non-Promoter | 48,873 |
| Total | | 36,19,594 |
Capital Structure Impact
Consequent to the allotment, the Paid-up Equity Share Capital of the Company stands increased to ₹56,20,24,560 comprising of 5,62,02,456 Equity Shares of face value of ₹10 each.