Max India Limited — Dividend/Bonus, 23-04-2025: Record Date

Max India Limited has announced a board meeting on April 23, 2025, approving a Rights Issue that will offer 82,81,973 fully paid-up equity shares at ₹150 each to eligible shareholders, raising up to ₹124.22 Cr. The Rights Entitlement ratio is set at 19 shares for every 100 shares held as of the record date, April 29, 2025. The issue opens on May 7 and closes on May 22, with the possibility of extension. Following the Rights Issue, the total number of equity shares will increase from 4,35,89,333 to 5,18,71,306, assuming full subscription.