Max India Limited — Updates, 30-05-2025: Other Restructuring

Max India has announced a board meeting to approve a related party transaction where its subsidiary, Antara Senior Living Limited, will manage senior living residences within Max Estates’ upcoming LiveWell Gurugram project, earning a fee of 9.5% of net sales revenue, estimated up to ₹20 Cr for FY26. The board reappointed Mr. Niten Malhan as Independent Director and Mr. Rajit Mehta as Managing Director for five-year terms. Max UK Limited will be liquidated due to reduced support needs. New Secretarial and Internal Auditors were appointed, and amendments to the insider trading code and ESOP scheme were approved pending shareholder consent.