Max India Board reappoints auditor, reallocates ₹124.23 Cr Rights Issue funds

Max India Limited's Board of Directors, in its meeting on May 28, 2026, approved several key decisions. These include the re-appointment of M/s MGC Global Risk Advisory LLP as Internal Auditors for the financial year 2026-27 and an amendment to the Company’s policy on Related Party Transactions. The Board also considered and approved the reallocation of an unutilised portion of ₹124.23 Crore from the Rights Issue proceeds, which will be subject to shareholder approval. Furthermore, the Board sanctioned the issuance of corporate guarantee(s) up to ₹75 Crores for proposed loan facilities to be availed by its wholly-owned subsidiary(ies). The trading window remains closed until May 30, 2026.