Max India Limited — Others, 05-08-2025: Monitoring Agency Report

Max India Limited's Board has reviewed and taken on record the Monitoring Agency Report for the quarter ended June 30. The report, from CARE Ratings, confirms that the company has utilized Rs 7.12 Cr from its Rs 124.23 Cr Rights Issue proceeds as per the stated objectives, with no deviations. Funds were primarily deployed for investment in its subsidiary, Antara Assisted Care Services Limited, for branding, marketing, and working capital, along with issue expenses. The significant unutilized balance of Rs 117.11 Cr is currently invested in fixed deposits, ensuring prudent interim management of funds.