Max India ~₹125 Crore Capital Raising Plan: Fixed April 29 as Rights Issue Record Date

On April 23, 2024, Max India Limited announced an update on the capital raising plan via rights issue, which was approved by the Board of Directors on April 15, 2025.

Max India Rights Issue Record Date

The company, in an exchange filing, announced that it has approved the terms for the proposed Rights Issue as outlined below:

• Type of Instrument: Fully paid-up equity shares with a face value of ₹10 each.

• Total Number of Shares to be Issued: 82,81,973 fully paid-up equity shares.

• Issue Price: ₹150 per share, which includes a premium of ₹140, payable at the time of application.

• Total Issue Size: ₹124,22,95,950, based on the amount payable upon application.

• Entitlement Ratio: Eligible shareholders will be entitled to 19 equity shares for every 100 equity shares held as on the record date.

• Record Date: The record date to determine shareholder eligibility for the Rights Issue is set for Tuesday, April 29, 2025.

Max India Rights Issue Schedule

Also Read: Max India Board Approves Fundraise of ₹125 Crores Via Right Issue

Max India Financial Performance

For Q3FY25, the Company reported consolidated revenue of ₹39 crore, reflecting an 18% decline compared to ₹48 crore in Q2FY25. While the AGEasy business vertical showed higher revenue and the Care at Home segment experienced strong growth quarter-over-quarter, the overall decrease is primarily due to a seasonal dip in revenue from the Residences segment. This decline was anticipated, is temporary in nature, and aligns with the Company’s expectations.

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