Max India Limited — Board Meeting, 06-02-2025: Outcome of Board Meeting

The Board of Max India Limited has confirmed key resolutions in their recent meeting. They approved the standalone and consolidated financial results for the quarter and nine months ending December 31, 2024, as well as re-appointing Mr. Pradeep Pant and Ms. Sharmila Tagore as Non-Executive Independent Directors for five years, pending shareholder approval. The board sanctioned an infusion of up to ₹219 Cr into wholly owned subsidiaries, comprising ₹71 Cr for Antara Senior Living Limited and ₹148 Cr for Antara Assisted Care Services Limited. Additionally, they set up a Rights Issue Committee to oversee the company's upcoming rights issue plans.