Company Profile

Pursuant to Regulation 7 (3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Max India has certified that for the year ended March 31, 2024, that all activities in relation to share transfer facility have been maintained by the Company’s Registrar and Share Transfer Agent - Mas Services, which is a SEBI approved category-I, Registrar & Transfer Agent, registered with Securities and Exchange Board of India (SEBI Registration Number: INR000000049). 

Max India’s wholly owned subsidiary -- Antara has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Delhi (IIT Delhi) announcing a collaboration for senior specific offerings. As per Antara, in recent decades, India has witnessed a notable increase in life expectancy due to improved living conditions and advancements in healthcare. Consequently, the proportion and size of the elderly population have risen steadily. Mobility associated disabilities are almost inevitable after attaining a certain age, followed by hearing and visual impairments.

Antara, recognising these concerns, has collaborated with IIT Delhi for research and offerings for seniors. This partnership will encompass diverse projects, ranging from mobility-assisting physical products to cognitive enhancement games aimed at delaying the onset of Dementia. The collaboration includes knowledge transfer, research consultancy, EDPs, and the sharing of laboratories. It focuses on developing inclusive design solutions to enhance safety, independence, cognition, and communication issues for the geriatric population at large. One such project is designing a walking aid for the elderly.

According to Antara, extensive research, including surveys and interviews with elderly individuals, revealed that seniors prefer mobility aids that offer intermittent rest options. This insight led to the conceptualisation of a new mobility aid, which will address such issues faced by seniors through inclusive design solutions.

Max India is now the holding company of Max Group’s Senior Care business ‘Antara’, and a skilling company ‘Max Skill First’.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Max India has informed that it enclsoed a copy of the Notice of Postal Ballot (including instructions for e-voting), being sent to the shareholders of the Company, to obtain their approval for the matters as set out in Notice of Postal Ballot by way of remote e-voting. In compliance with the provisions of the General Circular Nos. 14/2020 dated April 8, 2020, 17/2020 dated April 13, 2020, and subsequent circulars issued in this regard, the latest being 09/2023 dated September 25, 2023 issued by the Ministry of Corporate Affairs, this Notice is being sent only through electronic mode to those members whose e-mail addresses are registered with the Company / Depositories / Registrar and Share Transfer Agent and whose names are recorded in the Register of Members of the Company or in the Register of Beneficial Owners maintained by the Depositories as on February 23, 2024 (‘Cut-off date’). Accordingly, physical copy of the Notice is not being sent to the Members for this Postal Ballot. The Company has engaged the services of National Securities Depository (‘NSDL’) to provide remote e-Voting facility to its members. The remote e-Voting period shall commence on Thursday, February 29, 2024, at 9.00 am (IST) and shall end on Friday, March 29, 2024, at 05.00 pm (IST). The e-Voting module shall be disabled by NSDL thereafter. It has informed that communication of assent or dissent of the members would only take place through the remote e-Voting system. The instructions for remote e-Voting form part of the ‘Notes’ section to the Notice. 

The above information is a part of company’s filings submitted to BSE.