Maximus International Limited’s board has approved a corporate guarantee and indemnity of KES 169,000,000 for its step-down subsidiary, Quantum Lubricants (E.A.) Limited. The guarantee is issued in favour of Stanbic Bank Kenya Limited to support a credit facility availed by the subsidiary. The transaction was conducted on an arm’s length basis, with no interest from the promoter or promoter group.

The Board of Directors approved the proposal during a meeting held on July 8, 2026, at the company's registered office. Quantum Lubricants (E.A.) Limited is a step-down subsidiary based in Nairobi, Kenya, and is a subsidiary of Maximus International’s wholly-owned subsidiary, MX Africa Limited. The guarantee covers the principal amount exclusive of interest and other costs, charges, and expenses.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the terms of the guarantee are standard for such agreements and will secure the repayment obligations of the borrower up to the specified limit.

Key Details of the Guarantee

Maximus International Limited has accepted the resignation of Mr. Rahil Thaker from the position of Non-Executive Independent Director, effective from the close of business hours on July 6, 2026. The resignation was submitted due to personal and unavoidable circumstances, as stated in the regulatory filing. Consequently, Thaker has ceased to be a member of the Audit Committee and Nomination & Remuneration Committee of the company.

The company confirmed that there are no material reasons for the resignation other than those provided by Thaker. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been submitted to BSE Limited and is available on the company's website.

Thaker holds a directorship in Optimus Finance Limited as a Non-Executive Independent Director. In that entity, he serves as a member of the Audit Committee and the Nomination & Remuneration Committee. The details of his resignation were enclosed in the filing submitted by the company.

The resignation letter and confirmation of no material reasons were addressed to the Board of Directors of Maximus International Limited. The company has been requested to intimate the stock exchanges and file necessary forms with the Registrar of Companies in accordance with applicable laws.

Resignation Details