Maximus International Ltd — Important, 19-06-2026: Company Update

Maximus International's board has approved acquiring a 40% stake in Quebec Petroleum Resources, a Vadodara-based company engaged in lubricants manufacturing and petroleum products distribution with over two decades in the Indian market. This strategic investment aims for long-term value creation and strengthens Maximus' presence in a similar business line. Quebec reported a turnover of 184.73 Cr for FY 2024-25. The acquisition cost for the 40% stake is 18.43 Cr. This transaction, involving a related party, is undertaken on an arm’s length basis.