Max India confirms no deviation in Rights Issue fund use for Q4 FY26

Max India Limited confirmed that there was no deviation or variation in the utilization of proceeds from its Rights Issue during the quarter ended March 31, 2026. This compliance is in accordance with Regulation 32(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The funds were utilized as per the objects stated in the Letter of Offer dated April 25, 2025. The Rights Issue, dated May 23, 2025, raised ₹124.23 Crores. Additionally, the company also confirmed no deviation for a Preferential Issue dated September 24, 2025, for which ₹40.17 Crores (50% consideration) out of ₹80.35 Crores was received. CARE Ratings Limited is the monitoring agency for the Rights Issue.