Company Overview

Maximus International Limited (Scrip Code: 540401) has issued notice for its 11th Annual General Meeting to be held on September 30, 2026 via video conferencing. The meeting agenda includes both ordinary and special business items requiring shareholder approval.

Key AGM Agenda Items

  • Financial Statements: Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026
  • Director Appointments: Reappointment of Mr. Dipak Raval as Managing Director for five years (2026-2031) with no remuneration from the company
  • Board Changes: Reappointment of Ms. Divya Zalani and appointment of Mr. Ramesh Kheradia as Independent Directors for five-year terms
  • Auditor Change: Appointment of M/s. Ambalal M. Shah & Co. as statutory auditors following resignation of previous auditors due to fee disagreement

Material Related Party Transactions

The company seeks special resolution approval for material RPTs totaling ₹50 crores with multiple related parties for FY2026-27 and FY2027-28. Key aspects include:

Transaction Details:

  • Total proposed value: ₹50 crores (₹40 crores for FY2026-27, ₹10 crores for FY2027-28)
  • Represents 27% of company's consolidated turnover, exceeding SEBI's 10% materiality threshold
  • Maximum validity period: 15 months until next AGM

Related Parties:

  • SKG Energy PTE Ltd (Singapore) - petroleum trading and investments
  • Alpha Energy Tanzania Limited - wholly-owned subsidiary of SKG Energy
  • Nuo Energy Uganda Limited - wholly-owned subsidiary of SKG Energy
  • Multiple other subsidiaries and entities linked to director Aniruddh Gandhi

Transaction Types: Purchase/sale of goods, availing/rendering services, providing loans, inter-corporate deposits, advances, guarantees, and investments/redemption of shares/loans

Purpose: Funds will be utilized for operational cash flows and business requirements of related parties

Voting Arrangements

Remote e-voting will be available from September 27-29, 2026, with results declared post-AGM and placed on company website and CDSL platform. All meeting documents are available on company website (www.maximusinternational.in) and BSE website.