Max India Ltd: No Deviation in Rights/Preferential Issue Fund Use

Max India Ltd has confirmed no deviation or variation in the utilization of proceeds from its Rights Issue and Preferential Issue during the quarter ended June 30, 2026. The funds were raised on May 23, 2025 (Rights Issue: ₹124.23 Crores) and September 24, 2025 (Preferential Issue: ₹40.17 crore received out of ₹80.35 crore). The company stated that the utilization aligns with the objects outlined in the Letter of Offer dated April 25, 2025. A detailed statement of deviation is enclosed as Annexure-A.