Key Transaction Details

  • Parties Involved: The Share Purchase Agreement was executed between Maximus International Limited (Scrip Code: 540401) and Mr. Aniruddh Gandhi, a shareholder of M/s. Quebec Petroleum Resources Limited.
  • Target Company: Quebec Petroleum Resources Limited is a Vadodara-based company engaged in lubricants manufacturing and petroleum products distribution, with a presence in the Indian market for more than twenty years.
  • Transaction Purpose: To acquire 40% equity shares in Quebec Petroleum Resources Limited.
  • Execution Date: Tuesday, 23rd June 2026.

Relationship and Transaction Terms

  • Related Party Status: Mr. Aniruddh Gandhi is identified as a related party to Maximus International Limited. He is described as a Non-Executive, Non-Independent Director and a Substantial Beneficial Owner of the company.
  • Transaction Basis: The transaction is classified as a related party transaction but is being undertaken on an arm's length basis.
  • Shareholding: The disclosure states "Not Applicable" regarding any pre-existing shareholding in the entity by the parties to the agreement.
  • Significant Terms: The disclosure states "Not Applicable" regarding special rights such as board appointment rights, first right to subscription, or capital structure change restrictions.

Additional Information

  • The information has been made available on the company's website.
  • The disclosure was signed by Sonali Panchal, Company Secretary & Compliance Officer of Maximus International Limited, on June 23, 2026.

#Tags #MaximusInternational #QuebecPetroleum #RelatedPartyTransaction #SEBIDisclosure #RegulatoryCompliance #M&A