Max India Limited — Board Meeting, 05-08-2025: Outcome of Board Meeting

Max India's board has approved the consolidated financial results for the quarter ended June 30, 2025. The company reported revenue of Rs. 36.67 Cr and a loss of Rs. 25.64 Cr. A key highlight was the exceptional profit of Rs. 9.53 Cr from the sale of Max Towers floors. The recent rights issue successfully raised Rs. 124.23 Cr, with Rs. 117.11 Cr currently unutilized and parked in fixed deposits. Strategically, the company plans to close Max UK Limited operations. Also, their joint venture, Contend Builders, faces ongoing hurdles with Noida project approvals.