Max India Limited Allots Equity Shares Following Conversion of Warrants; Paid-Up Capital Reaches Rs 56.20 Crore
Max India Limited has completed a significant capital transaction, announcing the allotment of equity shares following the conversion of Fully Convertible Warrants. The board of directors approved this move on July 23, 2026, substantially increasing the company's paid-up share capital.The Company allotted 36,19,594 Equity Shares at an issue price of Rs 222 per equity share. This allotment was made at a premium of Rs 212 per share and generated an aggregate amount of Rs 80,35,49,868/- on a preferential basis.
The shares were allocated to various entities and individuals. The recipients included Max Ventures Investment Holdings Private Limited (a Promoter) and several Non-Promoter categories.
Details regarding the allotment are provided below:
| Name of the Allottee | Category | No. of Equity Shares Allotted |
|---|---|---|
| Max Ventures Investment Holdings Private Limited | Promoter | 9,91,162 |
| Singularity Equity Fund I | Non-Promoter | 22,53,085 |
| Paulastya Sachdev | Non-Promoter | 48,873 |
| P&Y Capital Trust | Non-Promoter | 1,79,855 |
| Reetha Shetty | Non-Promoter | 48,873 |
| ANG Corporate Services Private Limited | Non-Promoter | 48,873 |
| Kantilal Babulal Oswal | Non-Promoter | 48,873 |
Consequent to this preferential allotment, the paid up equity share capital of Max India Limited has increased to Rs 56,20,24,560/-. This expanded capital comprises a total of 5,62,02,456 Equity Shares, each having a face value of Rs 10/-.
MAXIND Stock Price Movement
On Thursday, shares of Max India Limited edged higher to settle at ₹165.65, finishing the day after rallying 2.69%. The stock traded on a volume of 182,707 shares, moving through a session that saw its price range from ₹160.00 up to a daily high of ₹175.80.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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