Max India Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Max India Limited
Symbol
MAXIND
Quarter Ended
31-Mar-2026
Submission
New

General Disclosures

Advertisements As Per Regulation471
Yes
Annual Return As Provided Under Section92Of The Companies Act2013
Yes
Approval For Material Related Party Transactions
Yes
Approval Of The Board And Shareholders For Compensation Or Profit Sharing
Not Applicable
Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls
Yes
Board Composition
Yes
Code Of Conduct
Yes
Compliance Certificate
Yes
Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation
Yes
Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46
Yes
Credit Rating Or Revision In Credit Rating Obtained
Not Applicable
Date Of End Of Financial Year
31-Mar-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
27-Apr-2026
Date Of Start Of Financial Year
01-Apr-2025
Designation Of Person
Company Secretary and Compliance Officer
Designation Of Person Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Annual Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Quartely Affirmations
Company Secretary and Compliance Officer
Details Of Agreements Entered Into With The Media Companies And Or Their Associates
Not Applicable
Details Of Business
Yes
Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy
Yes
Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30
Yes
Disclosure Of Related Party Transactions On Consolidated Basis
Yes
Disclosure Web Link Of Annual Return As Provided Under Section92Of The Companies Act2013Is Placed
https://www.maxindia.com/financialreports
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://www.maxindia.com/financialreports
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.maxindia.com/investorrelations/disclosures
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://www.maxindia.com/static/uploads/corporatepolicy/pdf318522c024704445dac05d9deadbdbe4.pdf
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://www.maxindia.com/static/uploads/corporatepolicy/policy-on-determination-of-materiality-for-disclosures.pdf
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
https://www.maxindia.com/financialreports
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.maxindia.com/about
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://www.maxindia.com/static/uploads/corporatepolicy/whistle-blower-policy.pdf
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.maxindia.com/financialreports
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://www.maxindia.com/static/uploads/corporatepolicy/pdfcea6020a39f60d1567f18ee49e0e387f.pdf
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://www.maxindia.com/static/uploads/corporatepolicy/policy-on-related-party-transaction.pdf
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.maxindia.com/investorrelations/shareholder
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
https://www.maxindia.com/disclosures-under-regulation
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
https://www.maxindia.com/disclosures-under-regulation
Disclosure Web Link Of Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30Is Placed
https://www.maxindia.com/static/uploads/disclosureRegulation/kmp-details.pdf
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.maxindia.com/investorrelations/disclosures
Disclosure Web Link Of Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021Is Placed
https://www.maxindia.com/static/uploads/corporatepolicy/max-india-esop-plan_03.09.2025.pdf
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://www.maxindia.com/investorrelations/memorandum-and-articles-of-association
Disclosure Web Link Of Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet Is Placed
https://www.maxindia.com/financialreports
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.maxindia.com/investorrelations/annualSecretarialComplianceReport
Disclosure Web Link Of Statements Of Deviations Or Variations As Specified In Regulation32Is Placed
https://www.maxindia.com/investorrelations/disclosures
Disclosures Under Sub Regulation8Of Regulation30
Yes
Dividend Distribution Policy As Per Regulation43A1
Yes
Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021
Yes
Fees Or Compensation
Yes
Financial Results
Yes
Is SCORESID Available
Yes
ISIN
INE0CG601016
Market Capitalisation As Per Immediate Previous Financial Year
Top 2000 listed entities
Materiality Policy As Per Sub Regulation4Regulation30
Yes
Memorandum Of Association And Articles Of Association
Yes
Minimum Information
Yes
MSEI Symbol
NOTLISTED
Name Of Signatory
Trapti
Name Of Signatory Affirmations
Trapti
Name Of Signatory For Annual Affirmations
Trapti
Name Of Signatory For Quartely Affirmations
Trapti
Name Of The Company
MAX INDIA LIMITED
New Name And The Old Name Of The Listed Entity
Not Applicable
Other Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity
Yes
Place
Gurugram
Plans For Orderly Succession For Appointments
Yes
Policy For Determining Material Subsidiaries
Yes
Policy For Related Party Transaction
Yes
Policy On Dealing With Related Party Transactions
Yes
Reason For Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity
Not Applicbale
Recommendation Of Board
Yes
Reporting Quarter
Yearly
Review Of Compliance Reports
Yes
Risk Assessment And Management
Yes
Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet
Yes
SCORES Registration ID
Comz00774
Scrip Code
543223
Secretarial Compliance Report
Yes
Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity
Yes
Shareholding Pattern
Yes
Statements Of Deviations Or Variations As Specified In Regulation32
Yes
Symbol
MAXIND
The Listed Entity Has Approved Material Subsidiary Policy And The Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity Have Been Complied
Yes
Type Of Company
Equity
Type Of Submission
Original
Vacancies In Respect Key Managerial Personnel
Not Applicable
Vigil Mechanism
Yes
Whether As Per Sub Regulation2ba Of Regulation27Of SEBILODR There Has Been Cyber Security Incidents During The Quarter
No
Whether Part A Of Annexure I Of The SEBI Circular Dated31December2024Related To Compliance Report On Corporate Governance Is Applicable To The Entity
Yes
Whether Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Applicable To The Entity
No

Additional Disclosures

Entry D_MeetingBOD1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit4
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

The Composition Of Board Of Directors Is In Terms Of Sebi Regulations2015
Yes
Chairperson Related to MD / CEO
No
Regular Chairperson
Yes

Composition of Board of Directors

SrTitleDirectorPANDINCategory 1Category 2Date of BirthDisqualifiedStatusSpecial ResolutionSpecial Resolution DateInitial AppointmentRe-appointmentCessationTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrAnaljit Singh******00029641Non-Executive - Non Independent DirectorChairperson related to Promoter11-Jan-1954NoActiveYes23-Sep-202401-Jun-202001-Jun-20203000
2MrsTara Singh Vachani******02610311Non-Executive - Non Independent DirectorNot Applicable04-Jan-1987NoActiveNot Applicable01-Jun-202001-Jun-20201021
3MrMohit Talwar******02394694Non-Executive - Non Independent DirectorNot Applicable17-Sep-1959NoActiveNot Applicable01-Jun-202015-Jan-20211010
4MrsSharmila Tagore******00244638Non-Executive - Independent DirectorNot Applicable08-Dec-1944NoInactiveYes25-Sep-202001-Jun-202001-Jun-202515-Feb-202668.141110
5MrPradeep Pant******00677064Non-Executive - Independent DirectorNot Applicable02-Dec-1953NoActiveNot Applicable01-Jun-202001-Jun-202569.31120
6MrRajit Mehta******01604819Executive DirectorNot Applicable21-Apr-1962NoActiveNot Applicable15-Jan-202115-Jan-20262100
7MrNiten Malhan******00614624Non-Executive - Independent DirectorNot Applicable02-Aug-1971NoActiveNot Applicable01-Feb-202101-Feb-202661.33331
8MrAjit Singh******02525853Non-Executive - Independent DirectorNot Applicable30-Oct-1963NoActiveNot Applicable25-May-202225-May-202245.061110
9MrRohit Kapoor******06529360Non-Executive - Independent DirectorNot Applicable17-Oct-1974NoActiveNot Applicable25-May-202225-May-202245.061100

Committee Disclosures

Entry CompComit14
Date of Appointment
01-Sep-2023
Entry CompComit15
Date of Appointment
01-Jun-2020
Entry CompComit16
Date of Appointment
01-Jun-2020
Date Of Cessation Of Director In Committee
15-Feb-2026
Entry CompComit17
Date of Appointment
01-Jun-2020
Entry CompComit18
Date of Appointment
09-Feb-2026
Entry CompComit41
Date of Appointment
01-Jun-2020
Entry CompComit42
Date of Appointment
01-Jun-2020
Date Of Cessation Of Director In Committee
10-Feb-2026
Entry CompComit43
Date of Appointment
01-Jun-2020
Entry CompComit44
Date of Appointment
01-Jun-2020
Date Of Cessation Of Director In Committee
10-Feb-2026
Entry CompComit45
Date of Appointment
01-Sep-2023
Entry CompComit46
Date of Appointment
27-Dec-2021
Entry CompComit68
Date of Appointment
01-Jun-2020
Entry CompComit69
Date of Appointment
11-Aug-2023
Entry CompComit70
Date of Appointment
01-Jun-2020
Entry MainD
Composition And Role Of Risk Management Committee
Not Applicable
Composition Of Audit Committee
Yes
Composition Of Nomination And Remuneration Committee
Yes
Composition Of Stakeholder Relationship Committee
Yes
Composition Of Various Committees Of Board Of Directors
Yes
Disclosure Web Link Of Company At Which Composition Of Various Committees Of Board Of Directors Is Placed
https://www.maxindia.com/static/images/Details%20of%20Committee.pdf
Memberships In Committees
Yes
Prior Or Omnibus Approval Of Audit Committee For All Related Party Transactions
Yes
Risk Management Committee
No
Role Of Audit Committee And Information To Be Reviewed By The Audit Committee
Yes
Role Of Nomination And Remuneration Committee
Yes
Role Of Stakeholders Relationship Committee
Yes
The Committee Members Have Been Made Aware Of Their Powers Role And Responsibilities As Specified In Sebi Regulations2015
Yes
The Composition Of Audit Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Nomination And Remuneration Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Risk Management Committee Is In Terms Of Sebi Regulations2015
Not Applicable
The Composition Of The Stakeholders Relationship Committee Committee Is In Terms Of Sebi Regulations2015
Yes
Whether The Audit Committee Has A Regular Chairperson
Yes
Whether The Nomination And Remuneration Committee Has A Regular Chairperson
Yes
Whether The Stakeholders Relationship Committee Has A Regular Chairperson
Yes

Audit Committee

Additional Position
Chairperson
Director DIN
00614624
Member Name
Niten Malhan
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00677064
Member Name
Pradeep Pant
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00244638
Member Name
Sharmila Tagore
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
02610311
Member Name
Tara Singh Vachani
Position
Non-Executive - Non Independent Director

Audit Committee

Additional Position
Member
Director DIN
02525853
Member Name
Ajit Singh
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
00677064
Member Name
Pradeep Pant
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00029641
Member Name
Analjit Singh
Position
Non-Executive - Non Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
02610311
Member Name
Tara Singh Vachani
Position
Non-Executive - Non Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00244638
Member Name
Sharmila Tagore
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
02525853
Member Name
Ajit Singh
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00614624
Member Name
Niten Malhan
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
02610311
Member Name
Tara Singh Vachani
Position
Non-Executive - Non Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00614624
Member Name
Niten Malhan
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
02394694
Member Name
Mohit Talwar
Position
Non-Executive - Non Independent Director

Stakeholders Relationship Committee

Stakeholders Relationship Committee

Entry MainD
Gap Between The Meetings Of The Risk Management Committee
Not Applicable
Meeting Of Audit Committee
Yes
Meeting Of Board Of Directors
Yes
Meeting Of Independent Directors
Yes
Meeting Of Nomination And Remuneration Committee
Yes
Meeting Of Risk Management Committee
Not Applicable
Meeting Of Stakeholders Relationship Committee
Yes
Quorum Of Board Meeting
Yes
Quorum Of Nomination And Remuneration Committee Meeting
Yes
Quorum Of Risk Management Committeemeeting
Not Applicable
The Meetings Of The Board Of Directors And The Above Committees Have Been Conducted In The Manner As Specified In Sebi Regulations2015
Yes
Entry MeetingBOD1
Dates Of Meeting In The Previous Quarter
13-Nov-2025
Number Of Directors Present In Meeting Of Board Of Directors
9
Number Of Independent Directors Attending The Meeting
5
Total Number Of Directors As On Date Of The Meeting
9
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
10-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
88
Number Of Directors Present In Meeting Of Board Of Directors
6
Number Of Independent Directors Attending The Meeting
2
Total Number Of Directors As On Date Of The Meeting
9
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
12-Nov-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
10-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
89
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Previous Quarter
06-Feb-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit4
Dates Of Meeting Of The Committee In The Relevant Quarter
09-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
367
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MainD
Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances
Yes
Disclosure Web Link Of Company At Which Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances Is Placed
https://www.maxindia.com/static/uploads/stakeholder/shareholder-services.pdf
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.maxindia.com/static/uploads/stakeholder/shareholder-services.pdf
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
2
No Of Investor Complaints During The Period
0
No Of Investor Complaints Received During The Period
2
Whether Part B Of Annexure I Of The SEBI Circular Dated31December2024Related To Investor Grievance Redressal Report Is Applicable To The Entity
Yes
Entry MainI
No Of Investor Complaints
0
Entry PY_I
No Of Investor Complaints
0
Composition Of Board Of Directors Of Unlisted Material Subsidiary
Yes
Reason For Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Not Applicable To The Entity
Not Applicable
Whether Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Applicable To The Entity
No
Entry I_OngoingTaxLitigationsOrDisputes1
Current Status
The assessment was completed for FY 21-22 and a demand of ₹ 1,113.19 lakhs was computed. The company have filed rectifications against mistakes prima facie on records & appeal against the disallowances has also been filed with CIT(Appeals). Considering our request on rectification, CIT has adjusted accumulated losses & issued revised order dated 22.11.24 with demand of ₹ 162.45 lakhs. Stay of Demand has been granted by AO on 24/02/2025.Hearing Notice from CIT was received on 18/08/2025 against which we had submitted our ground wise response on 01.09.2025 & 10.12.25
Date of Initiation
27-Mar-2024
Opposing Party
Income Tax Department
Status (Previous Disclosure)
The assessment was completed and a demand of Rs. 1,113.19 lakhs was computed. The company have filed rectifications against mistakes prima facie on records & appeal against the disallowances has also been filed with CIT(Appeals). Considering our request on rectification, CIT has adjusted accumulated losses & issued revised order dated 22.11.24 with demand of ? 162.45 lakhs. Stay of Demand has been granted by AO on 24/02/2025.Hearing Notice from CIT was received on 18/08/2025 against which we had submitted our ground wise response on 01.09.2025.
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
The matter is pending with the High Court. Next date of hearing is May 19, 2026.
Date of Initiation
18-Jan-2019
Opposing Party
Commissioner of Income Tax ('CIT') - AY 2015-16
Status (Previous Disclosure)
The Company filed objections, AO went ahead with an enhanced demand through rectification order dated 22.11.25. The Company again filed rectification dated 12.12.25 with the objections stating that the demand is to be reduced. The matter under section 263 is pending with the High Court. Next date of hearing is February 18, 2026.
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
The matter is pending with CIT(Appeals). Next date of hearing is awaited.
Date of Initiation
22-Mar-2024
Opposing Party
Assessing Officer - AY 2022-23
Status (Previous Disclosure)
The matter is pending with CIT(Appeals). Next date of hearing is awaited.
Entry I_OngoingTaxLitigationsOrDisputes4
Current Status
The matter is pending with the Assistant/Deputy Commissioner, New Delhi for disposal.
Date of Initiation
22-Apr-2021
Opposing Party
Assistant Commissioner, New Delhi - FY 2015-16 to FY 2017-18
Status (Previous Disclosure)
The matter is pending with the Assistant/Deputy Commissioner, New Delhi for disposal.
Entry I_OngoingTaxLitigationsOrDisputes5
Current Status
The assessment was completed for FY 24-25 and a demand of ₹ 3,153.21 lakhs was computed. The company have filed rectifications against mistakes prima facie on records on 30th March 26. APSL is in process of filing appeal against all additions/disallowances made in the assessment order before the relevant appellate authority. Based on a preliminary evaluation, APSLL expects that the resultant tax liability would be NIL
Date of Initiation
24-Mar-2026
Opposing Party
Assessment Unit Income Tax Department
Status (Previous Disclosure)
Antara Purukul Senior Living Limited, the Step Down Wholly Owned Subsidiary of the Company has received an assessment order u/s 143(3) of the Income Tax Act, 1961 for the assessment year 2024-25 raising a demand of Rs. 31.53 Crore.
Entry MainD
Whether Part E Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Applicable To The Entity
Yes
Reason For Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity
Not Applicable
Whether Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Applicable To The Entity
No