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

The Board has approved the reclassification request from Ms. Neelu Analjit Singh from 'Promoter and Promoter Group' to 'Public', contingent upon stock exchange approval. This decision follows a settlement agreement confirming continued control of the company by existing promoters. Additionally, the Board approved a rights issue of equity shares with a face value of ₹10 each, aiming to raise up to ₹125 Cr, subject to necessary regulatory approvals. Detailed terms of the rights issue will be determined later by the Board.