Maximus International Ltd

Maximus International Ltd: Trading Window closed from 1 October 2026 until 48 hours after the declaration of Un-Audited Standalone and Consolidated Financial Results for the Second Quarter and Half Year ended 30 September 2026

Meeting Details

• Date: 29 September 2026; Time not disclosed; Virtual.
• Event: Arihant Bharat Connect Conference Rising Star, organized by Arihant Capital.
• Venue: Virtual.

Participants

• Key participants: Company management; Company Secretary & Compliance Officer attending.

Purpose

• Purpose: Pre-intimation of management participation for investor interaction.

Meeting Details

• Date: 19 September 2026; virtual video-conference with a group of investors.
• Event type: investor meet; organiser: Maximus International Limited.
• Key company participant: Key Managerial Person to participate.
• Purpose: discuss/clarify public-domain information about the industry/company.
• Note: no UPSI is intended to be discussed.

Transaction details

• Target: Maximus International Ltd; listed on BSE.
• Acquirer: Aryaman Capital Markets Limited; PACs: same; not promoter group.
• Pre-acquisition holding: 66,29,935 shares, 4.87% voting rights.
• Acquired: 2,08,550 shares (0.15%).
• Post-acquisition holding: 68,38,485 shares, 5.02% voting rights.
• Mode: Open market purchase; Date: 10-09-2026.
• Equity share capital before: 66,29,935; after: 68,38,485.
• Total diluted share/voting capital after: 68,38,485.
• Acquirer PAN: AAHCA7893B.

AGM and voting dates

• 11th AGM scheduled for 30 September 2026 at 2:00 PM IST via VC/OAVM.
• Record date fixed as 23 September 2026 to determine voting entitlement.
• Entitlement to remote e-voting and AGM voting is fixed by the record date.

AGM schedule and report access

• 11th AGM scheduled for 30 September 2026 at 2:00 PM IST via VC/OAVM.
• Record date for e-voting set at 23 September 2026.
• E-voting window from 9:00 AM 27 September to 5:00 PM 29 September 2026.
• Soft copy of Annual Report including AGM notice sent to registered email addresses.
• Annual Report accessible on company website and via CDSL/stock exchange portals.
• Shareholders must update KYC details with the RTA if incomplete.
• Notice and Annual Report hosted on BSE and CDSL portals.

Financial performance

• Consolidated revenue rose to ₹18,480.71 lakh in FY2025-26 from ₹15,684.63 lakh.
• Standalone revenue was ₹528.76 lakh; Consolidated PAT ₹929.62 lakh.
• Standalone PAT ₹330.47 lakh; Consolidated EPS ₹0.68; Standalone EPS ₹0.24.
• Consolidated equity: ₹9,581.71 lakh; non-controlling interest ₹875.75 lakh; total equity ₹9,581.71 lakh.
• Cash and cash equivalents ₹124.27 lakh; bank balances ₹639.74 lakh.

Capital structure & cash

• Share capital stood at ₹1,360.36 lakh; no change during FY2025-26.
• Consolidated borrowings ₹3,939.71 lakh; current portion ₹3,389.44 lakh; long-term ₹550.27 lakh.
• Total liquidity: cash ₹124.27 lakh; bank balances ₹639.74 lakh.
• Export earnings contributed to foreign exchange earnings of ₹818.63 lakh.

Governance & leadership changes

• Rahil Thaker resigned as Independent Director w.e.f. 6 Jul 2026.
• Dipak Raval reappointed as Managing Director for 2026-31 with no remuneration.
• Divya Zalani reappointed as Independent Director for a second term (Dec 2026–Dec 2031).
• Ramesh Kheradia appointed as Independent Director from 26 Aug 2026 for 5 years.
• Aniruddh Gandhi appointed as Non-Executive Non-Independent Director (Apr 18, 2026).

Audit & compliance

• Auditors SMB resigned on 13 Aug 2026; Ambalal M. Shah & Co appointed to fill casual vacancy.
• Auditor appointment for 2026-31 to be placed for shareholder approval.
• Secretarial Auditor: Kamal A. Lalani; no qualifications reported.

Related party transactions

• Material related party transactions planned for FY2026-27 and FY2027-28.
• Maximum value: ₹40 crore in FY2026-27 and ₹10 crore in FY2027-28; 27% of last audited consolidated turnover.
• Parties include MLL, QLL EA Ltd, SKG Energy PTE Ltd, Quebec Petroleum Resources, Alpha Energy Tanzania, Nuo Energy Uganda, MIVL, OFL, SIPL, Axofin.
• Transactions in ordinary course, at arm’s length; AGM ordinary resolution required.

Business developments & expansion

• Kenya grease manufacturing facility to be commissioned in Q3 FY2026-27.
• Plan to expand into Tanzania with warehousing and distribution, plus potential local manufacturing later.
• Investments toward automation, solubilization, and high-speed filling lines; expanded bulk storage and tank farm capacity.

Subsidiaries & footprint

• Maximus Global FZE (UAE) and MX Africa Limited (Kenya) are wholly owned.
• Step-down subsidiaries: Maximus Lubricants LLC (UAE) and Quantum Lubricants (E.A.) Limited (Kenya).
• Group capacity: manufacturing capacity around 50,000 KL per annum.

AGM Details

• AGM date/time: 30 September 2026, 02:00 PM IST via VC/OAVM.
• Record date: 23 September 2026.
• Venue: VC/OAVM; deemed Registered Office for the meeting.
• Notice and Annual Report available on company website.

Ordinary resolutions

• Item 1: Adopt audited standalone and consolidated financial statements for FY ended 31 March.
• Item 2: Appoint Dipak Raval as Director liable to retire by rotation.
• Item 3: Appoint Ambalal M. Shah & Co. as Statutory Auditors for five years.
• Item 4: Appoint Auditors to fill casual vacancy; term till 11th AGM.

Special resolutions

• Item 5: Re-appoint Dipak Raval as Managing Director for five years; continuation beyond age 70; no remuneration.
• Item 6: Re-appoint Divya Zalani as Independent Director for second term.
• Item 7: Appoint Ramesh Kheradia as Independent Director for five years; continuation beyond 75.
• Item 8: Approve Material Related Party Transactions with related parties.

Auditors

• Resignation of prior Statutory Auditor; new Auditor appointed to fill casual vacancy from Aug 26, 2026.
• New Auditor to hold office for five years; remuneration to be decided; details disclosed.

Dividend

• No dividend proposed or declared.

Directors / Key management

• MD and Independent Director appointments/re-appointments: Dipak Raval, Divya Zalani, and Ramesh Kheradia.

Related party transactions

• Approval to enter material related party transactions for FY2026-27 and FY2027-28.
• Per-transaction cap: up to a specified amount; 15-month validity; arm's length and ordinary course.
• Scope includes purchases, services, loans, and investments with listed entities and subsidiaries.