Max India Limited — Board Meeting, 15-04-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting outcome, highlighting two key decisions. Firstly, they approved the reclassification of Ms. Neelu Analjit Singh from 'Promoter and Promoter Group' to 'Public' category, contingent on stock exchange approval, due to a recent settlement and changed personal status. Secondly, the Board approved raising funds via a rights issue of equity shares valued at up to ₹125 Crore, subject to regulatory approvals. Specific terms regarding the rights issue will be finalized by the Board in due course.