Nature of the Event: The company has subscribed to equity shares of Max Udaan Foundation, a Section 8 company established under the Companies Act, 2013. This entity will serve as an Implementing Agency for the company's Corporate Social Responsibility (CSR) activities, as prescribed under Schedule VII of the Companies Act, 2013.
Details of the Target Entity:
- Name: Max Udaan Foundation
- Legal Status: Section 8 Company (Non-Profit Organization)
- Industry: Engaged in undertaking and implementing CSR projects and activities.
- Authorized Share Capital: ₹15,00,000 (Rupees Fifteen Lakhs Only)
- Turnover: Not applicable (NA)
- Background: A newly incorporated entity in India with the objective of undertaking and implementing CSR activities. Details relating to turnover for the last three years are not applicable.
Transaction Details:
- Type of Acquisition: Subscription to Equity Shares
- Nature of Consideration: Cash Consideration
- Number of Shares Acquired: 1500 shares
- Face Value per Share: ₹10 each
- Percentage of Shareholding Acquired: 30% of the total Paid-Up Share Capital of Max Udaan Foundation
Related Party Transaction: The subscription to equity shares of Max Udaan Foundation by UVDHL falls within the ambit of a related party transaction. The Promoter/Promoter group of the company has an interest in the entity to the extent of their shareholding/directorship. The company states that the transaction was conducted on an arm's length basis.
Objects and Effects of Acquisition: The stated object and effect of the acquisition is for promoting, supporting, managing, and streamlining the CSR activities of the company.
Regulatory References: The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read along with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/CIR/2023/123 dated 13th July, 2023, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.