Max India Reports Q1 Profit of Rs 5.71 Crore, Completes Property Sale Aug 05, 2025
Max India Limited reported a standalone profit of Rs 5.71 crore for Q1 FY24, reversing a loss of Rs 3.39 crore in the previous quarter. The profit was largely driven by exceptional gains of Rs 7.88 crore from property sales. Revenue from operations declined to Rs 2.85 crore. The company sold three floors at Max Towers, Noida for Rs 105.08 crore, generating a profit of Rs 9.53 crore. Max India also completed a rights issue, raising Rs 124.23 crore. However, on a consolidated basis, the company reported a loss of Rs 25.64 crore, with challenges in the Assisted Care segment.
Max India to Discuss Potential Fund Raising in Upcoming Board Meeting Jul 31, 2025
Max India to Evaluate Fund Raising Options in Upcoming Board Meeting Jul 31, 2025
Max India's Antara Senior Care Introduces Cashless Insurance Coverage in Care Homes Jul 01, 2025
Max India Offloads Three Floors at Max Towers for ₹105 Crore May 09, 2025
More news about Max India
23Apr 25
Max India Approves ₹124.23 Crore Rights Issue at ₹150 Per Share
Max India Limited has approved a rights issue offering 82,81,973 new shares at ₹150 per share, with a rights entitlement ratio of 19:100. The issue aims to raise ₹124.23 crore and will open on May 7, 2025, closing on May 22, 2025. The record date is set for April 29, 2025, and the last date for on-market renunciation is May 16, 2025. Upon full subscription, the company's share count will increase from 4,35,89,333 to 5,18,71,306.
08Apr 25
Max India to Consider Fund Raising Through Rights Issue on April 15
Max India Limited's board of directors will meet on April 15, 2025, to discuss potential fund raising through equity shares or other securities. Options include a rights issue or other permissible modes, subject to regulatory approvals. The announcement complies with SEBI regulations for listed companies.