Max India Limited — Others, 05-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

Max India Limited has provided an update on the utilization of funds raised through its Rights Issue. For the quarter ended June 30, 2025, the company confirmed that the 124.23 Cr raised has been deployed precisely according to the objectives outlined in its Letter of Offer. There has been no deviation or variation in the use of these funds. This ensures shareholders that their capital is being allocated as originally communicated, offering transparency on the company's financial discipline.