Maximus International Ltd

Maximus International Ltd announced that its Board of Directors has accepted the resignation of its Statutory Auditors, M/s. Shah Mehta and Bakshi, Chartered Accountants. The resignation is effective from August 13, 2026. The company expressed appreciation for the auditors' contributions. The reasons for resignation are detailed in the auditors' letter dated August 13, 2026, which cites a proposal to increase audit fees as a factor. The company will appoint new auditors in due course. The information is disclosed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Maximus International Limited announced its Q1 FY27 financial results, reporting a significant 51.59% year-on-year revenue growth to ₹59.91 Crore. EBITDA saw an 18.15% increase to ₹4.58 Crore, while EBIT rose by 15.9% to ₹3.94 Crore. Net profit stood at ₹2.05 Crore. The company cited strong execution and market expertise despite margin pressures from geopolitical situations affecting raw material and transportation costs. Management expressed confidence in margin improvement as external pressures ease. Expansion plans include a warehouse in Tanzania and a grease manufacturing facility in Kenya, both targeted for Q3 FY27.

Maximus International Ltd announced its un-audited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company reported standalone net profit of ₹22.11 Lakhs, a slight increase from ₹21.68 Lakhs in the same quarter last year. Standalone revenue from operations stood at ₹149.42 Lakhs. On a consolidated basis, the company posted a net profit of ₹204.65 Lakhs on total income of ₹6,000.11 Lakhs. The board meeting to approve these results was held on August 13, 2026.

Maximus International Ltd announced the outcome of its Board Meeting held on August 13, 2026. The Board approved the Un-Audited Standalone and Consolidated Financial Results for the First Quarter ended June 30, 2026, along with the Limited Review Report. The meeting commenced at 5:00 PM and concluded at 6:30 PM. The financial results are also available on the company's website.

Maximus International Ltd has announced that its Board of Directors will convene on August 13, 2026, to consider and approve the Un-Audited Standalone and Consolidated Financial Results for the First Quarter ended June 30, 2026. In line with SEBI regulations, the trading window for the company's securities has been closed from July 1, 2026, and will reopen 48 hours after the financial results are declared, expected around August 15, 2026. The company will also make this information available on its website.

Maximus International Ltd announced that its Board of Directors, in a meeting held on July 8, 2026, approved a corporate guarantee and indemnity for its step-down subsidiary, Quantum Lubricants (E.A.) Limited in Kenya. The guarantee is for a credit facility of up to KES 169,000,000 (approximately USD 1.5 million based on current exchange rates) from Stanbic Bank Kenya Limited. This facility is for the subsidiary, which is indirectly owned through MX Africa Limited. The transaction is stated to be on an arm's length basis, with no interest from the promoter/promoter group in the credit facility or the guarantee.

Maximus International Ltd's Board of Directors has approved a corporate guarantee and indemnity for its step-down subsidiary, Quantum Lubricants (E.A.) Limited, located in Nairobi, Kenya. The guarantee amounts to KES 169,000,000 (approximately USD 1.3 million based on current exchange rates) in favor of Stanbic Bank Kenya Limited. This facility is for a credit line availed by the subsidiary from the bank. The company stated that the promoter/promoter group has no interest in this transaction and that it is being conducted on an arm's length basis. The corporate guarantee will cover Quantum Lubricants' repayment obligations.

Maximus International Ltd announced the resignation of Mr. Rahil Thaker as a Non-Executive Independent Director, effective July 6, 2026. The resignation is attributed to personal and unavoidable circumstances. Mr. Thaker will also cease his membership in the Audit Committee and Nomination & Remuneration Committee. The company confirmed there are no other material reasons for his departure. Details regarding his directorships in other listed companies, including Optimus Finance Limited, were provided.

Maximus International Ltd announced the resignation of Mr. Rahil Thaker as a Non-Executive Independent Director, effective July 6, 2026, due to personal reasons. He will also step down from the Audit Committee and Nomination & Remuneration Committee. The company confirmed no other material reasons for his departure. Mr. Thaker also holds directorships and committee positions in Optimus Finance Limited.

Maximus International Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and related circulars. The trading window will be shut from Wednesday, July 1, 2026, until 48 hours after the declaration of the Un-Audited Standalone and Consolidated Financial Results for the First Quarter ended June 30, 2026. The company has also made this information available on its official website.