Max India Limited has disclosed the voting results of its postal ballot process conducted through e-voting. The postal ballot notice dated June 12, 2026 was sent to members to seek approval for two special resolutions.

Nature of the Event

The disclosure reports the results of a postal ballot conducted through remote e-voting for two special resolutions, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Quantitative Figures

  • Total paid-up share capital: INR 52,52,28,620 (₹52.52 crore)
  • Total equity shares: 5,25,22,862 shares of ₹10 each
  • Total valid votes cast: 3,09,33,950 shares (58.8962% of outstanding shares)
  • Total value of votes cast: ₹30,93,39,500

Resolution 1: Appointment of Independent Director

  • Description: Approval for appointment of Ms. Mrinalini Mirchandani (DIN: 11619010) as an Independent Director (Non-Executive) for a term of five consecutive years
  • Voting Results:
  • Votes in favor: 3,09,32,772 shares (99.9962%)
  • Votes against: 1,178 shares (0.0038%)
  • Category-wise Breakdown:
  • Promoter & Promoter Group: 26,145,500 votes in favor (100% of their votes)
  • Public Institutions: 4,063,144 votes in favor (100% of their votes)
  • Public Non-Institutions: 724,128 votes in favor (99.8376% of their votes)

Resolution 2: Reallocation of Rights Issue Proceeds

  • Description: Approval of the reallocation of the unutilized portion of the proceeds from the rights issue of fully paid-up equity shares offered to eligible equity shareholders
  • Voting Results:
  • Votes in favor: 3,09,14,328 shares (99.9366%)
  • Votes against: 19,622 shares (0.0634%)
  • Category-wise Breakdown:
  • Promoter & Promoter Group: 26,145,500 votes in favor (100% of their votes)
  • Public Institutions: 4,063,144 votes in favor (100% of their votes)
  • Public Non-Institutions: 705,684 votes in favor (97.2947% of their votes)

Process Details

  • Cut-off Date: June 05, 2026 for determining eligible voters
  • Voting Period: June 13, 2026 (9:00 AM IST) to July 12, 2026 (5:00 PM IST)
  • Voting Platform: NSDL e-voting system (https://www.evoting.nsdl.com/)
  • Advertisement Published: In "Mint" (English) and "Live Hindustan" (Delhi edition) on June 13, 2026
  • Scrutinizer: Kapil Dev Taneja (FCS No. 4019, C.P. No.: 22944) of M/s Sanjay Grover & Associates
  • Scrutinizer Appointment Date: May 28, 2026
  • Results Declaration Date: July 13, 2026

Outcome

Both resolutions were passed with the requisite majority on July 12, 2026 (last date of e-voting). The documents have been submitted to BSE and NSE and will be made available on the company's website www.maxindia.com.