Max India Limited — Important, 12-01-2025: Disclosure of material issue

The litigation related to the fire incident at Antara Assisted Care Services Limited (AACSL) has been resolved as the affected parties withdrew their legal actions against the company. AACSL, in a gesture of goodwill, will pay INR 12 Crore to the affected parties. Additionally, the company has committed to making donations to certain charitable organizations over the next three years, from FY 2024-25 to FY 2026-27, in memory of the deceased. This resolution may improve AACSL's reputation and mitigate ongoing challenges, presenting a more stable outlook for stakeholders. Opportunities for further positive public relations developments could arise from these charitable commitments.