Aryaman Capital raises stake in Maximus International to 5.02%

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Reviewed by
Naman SScanX News Team
Key Highlights
  • Aryaman Capital acquired 2,08,550 shares of Maximus International on September 10, 2026
  • Total holding rose to 68,38,485 shares, representing a 5.02% stake
  • The acquisition was made through open market transactions
  • Aryaman Capital is not part of the promoter group
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Aryaman Capital Markets Limited acquired 2,08,550 shares of Maximus International through an open market purchase on September 10, 2026. The transaction increased the firm’s total holding in the Vadodara-based engineering and infrastructure services provider to 68,38,485 shares.

This acquisition represents a 0.15% increase in Aryaman Capital’s stake, bringing its total voting rights to 5.02% of the company’s total diluted share capital. The purchase was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Holding Structure

Prior to this transaction, Aryaman Capital held 66,29,935 shares, which accounted for 4.87% of Maximus International’s voting capital. The firm confirmed that it does not belong to the promoter or promoter group of the target company. All shares acquired and held carry voting rights, with no encumbrances such as pledges or liens reported in the disclosure.

Metric Before Acquisition Acquisition After Acquisition
Shares Held 66,29,935 2,08,550 68,38,485
Voting Rights (%) 4.87% 0.15% 5.02%

Regulatory Disclosure

Reenal Khandelwal, Company Secretary and Compliance Officer at Aryaman Capital Markets Limited, submitted the disclosure to the BSE Limited. The filing confirms that the shares were purchased via open market transactions on September 10, 2026. The total equity share capital of Maximus International remains unchanged at 68,38,485 shares post-acquisition, indicating no new issuance of capital during this period.

Historical Stock Returns for Maximus International

1 Day5 Days1 Month6 Months1 Year5 Years
-0.27%-0.68%+2.73%+60.81%+27.06%0.0%

Will Aryaman Capital's stake crossing the 5% threshold trigger additional regulatory disclosure requirements or open the door for a potential tender offer under SEBI takeover regulations?

How might this increased institutional interest impact Maximus International's stock liquidity and valuation multiples in the near term?

Does this accumulation signal confidence in Maximus International's upcoming infrastructure project pipeline or earnings guidance for the fiscal year?

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Maximus International sets Sept 30 AGM, publishes newspaper notice

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Reviewed by
Suketu GScanX News Team
Key Highlights
  • Maximus International submitted its FY26 Annual Report to BSE on September 8, 2026
  • The 11th Annual General Meeting is scheduled for September 30, 2026
  • Newspaper publication of AGM details appeared in Business Standard and Loksatta Jansatta on September 9
  • E-voting opens on September 27 and closes on September 29, 2026
  • Record date for voting eligibility is set for September 23, 2026
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Maximus International Limited submitted its Annual Report for FY26 to the Bombay Stock Exchange on September 8, 2026. The filing includes the notice for its 11th Annual General Meeting, scheduled for September 30, 2026.

The submission was made pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sonali Panchal, Company Secretary & Compliance Officer, signed the communication addressed to the Corporate Relations department at BSE Limited.

Newspaper Publication and Regulatory Compliance

Pursuant to Regulation 30 of the SEBI Listing Regulations, the company published notices regarding the 11th AGM, e-voting, and cut-off date information in Business Standard (English) and Loksatta Jansatta (Gujarati) on September 9, 2026. The dispatch of the AGM notice via email was completed on September 8, 2026.

The documents are available on the company’s website at www.maximusinternational.in , the BSE website, and the CDSL e-voting portal. Members are advised to update their KYC details with their Depository Participants if not already done.

Meeting and Voting Schedule

The record date for e-voting is set for September 23, 2026, as per Regulation 42 of the SEBI Listing Regulations. Shareholders holding shares as on this date are eligible to vote. The e-voting window opens on September 27 and closes on September 29.

Event Date Time
Record Date September 23, 2026 N/A
E-voting Starts September 27, 2026 9:00 am
E-voting Ends September 29, 2026 5:00 pm
AGM Date September 30, 2026 2:00 pm

Document Access

Shareholders with registered email addresses will receive a soft copy of the Annual Report and the AGM notice via email. Those without registered emails can access these documents on the company’s website under the Investors section or via the link provided in the exchange filing.

Historical Stock Returns for Maximus International

1 Day5 Days1 Month6 Months1 Year5 Years
-0.27%-0.68%+2.73%+60.81%+27.06%0.0%

What key financial metrics or strategic initiatives highlighted in the FY26 Annual Report are likely to influence Maximus International's stock performance in the coming quarter?

How might the agenda items for the 11th AGM, such as dividend proposals or board appointments, impact shareholder sentiment and voting outcomes?

Are there any significant regulatory changes or compliance updates mentioned in the filing that could affect Maximus International's operational costs or market positioning?

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1 Year Returns:+27.06%