Maximus International Signs Share Purchase Agreement for Quebec Petroleum Stake

Maximus International Ltd has executed a Share Purchase Agreement to acquire a 40% stake in Quebec Petroleum Resources Limited. Quebec Petroleum, based in Vadodara, is engaged in lubricants manufacturing and petroleum products distribution with over twenty years of presence in the Indian market. This agreement follows a previous intimation regarding the proposed acquisition. The transaction is being undertaken on an arm's length basis, and Mr. Aniruddh Gandhi, a Non-Executive and Non-Independent Director and Substantial Beneficial Owner of Quebec Petroleum, is identified as a related party to Maximus International.