Maximus International Converts ₹7.2 Cr Loan to Equity, Plans Vadodara Land Purchase

Maximus International Ltd announced that its Board of Directors has approved the conversion of an outstanding loan of ₹7.20 Crore (₹7,20,00,000) from promoter Optimus Finance Limited into 48,00,000 equity shares at a conversion price of ₹15 per share. This conversion is subject to statutory and regulatory approvals. Additionally, the Board has authorized the execution of an "Agreement to Purchase" for industrial land near Vadodara to set up domestic production facilities for export, with a detailed project report currently being prepared. The company will apply to BSE Limited for in-principle approval for the equity share allotment.