Max India Limited (MAXIND) — Board Meeting | 11 August 2026(3 announcements)

The Board approved the appointment of CARE Ratings Limited as the Monitoring Agency for the Rights Issue proceeds and authorized the Audit Committee to review its report, ensuring compliance with SEBI regulations and enabling oversight of fund utilization.

Max India reported Q1 FY27 revenue of Rs 68.6 crore, up 66% YoY but down 4.7% QoQ, with consolidated EBITDA loss narrowing to Rs 25 crore from Rs 23.2 crore YoY. Residences revenue rose to Rs 37.36 crore, assisted care services to Rs 30.61 crore, while the company posted a net loss of Rs 36.3 crore. The board approved continued expansion in senior living projects including Antara Dehradun and Noida Phase I, alongside product launches under AGEasy. Liquidity remains stable at Rs 21 crore cash with net worth at Rs 372 crore.

The board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, showing a net loss of [amount context mismatch] crores and EPS of ₹(0.08), with total comprehensive income at ₹(3.96) crores. The Limited Review by Ravi Rajan & Co. LLP confirmed no material misstatements, while a rights issue generated ₹40 crores and included a ₹9.53 crore property sale gain. ESOP allotment of 60,000 shares and dissolution of Max UK Limited were also ratified.