Maximus International Limited has opened the remote e-voting window for its postal ballot process to seek shareholder approval for the appointment of Mr. Aniruddh Gandhi as a Non-Executive Non-Independent Director. The resolution seeks to regularize Gandhi's position, who was appointed as an Additional Director by the Board on April 18, 2026, subject to member consent. The outcome of this vote will determine the composition of the company's board, as Gandhi holds a significant stake in the firm.

The Board of Directors appointed Mr. Kamal A. Lalani, a Practicing Company Secretary, as the Scrutinizer to oversee the fairness and transparency of the remote e-voting process. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the electronic voting mechanism. Shareholders whose names appear on the Register of Members or list of Beneficial Owners as on the cut-off date of Friday, May 29, 2026, are eligible to participate.

E-Voting Schedule and Process

The voting window opens on Friday, June 5, 2026, at 9.00 a.m. IST and closes on Saturday, July 4, 2026, at 5.00 p.m. IST. Shareholders can cast their votes remotely through the CDSL platform or via their respective depository participants. The notice has been dispatched electronically to members with registered email addresses, in compliance with Ministry of Corporate Affairs circulars.

Director Profile and Background

Mr. Aniruddh Gandhi (DIN: 07912519) brings expertise in business development and international trade, specifically regarding specialty oils and lubricants. He holds a Master of Science in Business and Entrepreneurship from Babson College, USA, and a bachelor's degree in Chemical Engineering from the University of Illinois Urbana-Champaign, USA. Prior to this role, he served as a director at Sukruti Infratech Private Limited and Anan Advisory Services Private Limited.

As per the disclosure, Gandhi holds 7,83,32,880 shares, representing 57.58% of the total paid-up share capital of the company, acting as a Significant Beneficial Owner. The company stated that he is not disqualified from being appointed as a Director under Section 164 of the Companies Act, 2013, and has confirmed he is not debarred by SEBI or any other authority.

The resolution requires approval as an Ordinary Resolution. The Scrutinizer will declare the results within two working days after the conclusion of the voting period, and the outcome will be communicated to BSE Limited and uploaded on the company’s website.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE544W01021/fd274216-379a-4b5d-aa71-9ed7fadfbb24.pdf

Maximus International Limited reported an 18% increase in revenue from operations to ₹1,848 million for the financial year ended March 31, 2026, up from ₹1,569 million in the previous year. The company recorded a consolidated net profit of ₹93 million for FY26, compared to ₹91 million in FY25. For the fourth quarter ended March 31, 2026, revenue stood at ₹560 million, while net profit reached ₹22 million. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.

Consolidated Financial Performance

The company's financial performance for FY26 was characterized by double-digit growth in revenue and profitability metrics. EBITDA expanded by 14% to ₹173 million from ₹152 million in the previous year. Profit before tax for the year increased by 7% to ₹111 million, up from ₹103 million in FY25. Net worth rose to ₹871 million as of March 31, 2026, from ₹721 million a year earlier, representing growth of 20.78%.

Quarterly Highlights

In Q4 FY26, the company demonstrated strong momentum with revenue growing 29% quarter-on-quarter to ₹560 million from ₹435 million in Q3 FY26. EBITDA for the quarter improved by 26% compared to the preceding quarter and by 42% compared to Q4 FY25. Net profit for the quarter stood at ₹22 million, an increase of 12% over Q3 FY26.

Strategic Investments

During FY26, Maximus International made substantial strategic capital investments focused on the modernization of plant and equipment and infrastructure expansion. These investments are aimed at enhancing operational efficiency, improving logistics capabilities, and supporting future business growth. The company operates in a single primary business segment: manufacturing and trading in lubricant oil and other petrochemical products.