Max India Board approves auditor, rights issue reallocation, guarantees

The Board of Directors of Max India Limited, in its meeting on May 28, 2026, approved several key items. These include the re-appointment of MGC Global Risk Advisory LLP as Internal Auditors for FY 2026-27 and an amendment to the Company's Related Party Transaction policy. The Board also approved the reallocation of unutilised proceeds from the Rights Issue, amounting to ₹124.23 Crore, which will be subject to shareholder approval. This reallocation involves adjustments to funds for performance marketing and brand marketing. Additionally, the Board sanctioned the issuance of corporate guarantees up to ₹75 Crores for loan facilities to be availed by its wholly-owned subsidiaries. The trading window for the company's securities remains closed until May 30, 2026.