Conversion

Date : July 23, 2026 To To National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Department of Corporate Services - Listing Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai-400051 Dalal Street, Mumbai – 400001 SYMBOL : MAXIND Scrip Code : 543223 Subject : Disclosure in accordance with the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. Dear Sir/Ma’am, In furtherance to our earlier disclosure dated September 24, 2025, we would like to inform you that the Board of Directors of Max India Limited (“the Company”) has, inter alia, considered and approved, through Circular Resolution, on July 23 2026, allotment of 36,19,594 equity shares (“Equity Shares”) of Rs 10/- each pursuant to conversion of Fully Convertible Warrants (“Warrants”) at an issue price of Rs. 222/- per equity share (i.e. at a premium of Rs 212/- per share), for an aggregate amount of Rs. 80,35,49,868/- on a preferential basis, to the following persons/entities: S. No. Name of the allottees Category No. of Equity Shares allotted 1. Max Ventures Investment Holdings Promoter 9,91,162 Private Limited 2. Singularity Equity Fund I Non-Promoter 22,53,085 3. Paulastya Sachdev Non-Promoter 48,873 4. P&Y Capital Trust Non-Promoter 1,79,855 5. Reetha Shetty Non-Promoter 48,873 6. ANG Corporate Services Private Limited Non-Promoter 48,873 7. Kantilal Babulal Oswal Non-Promoter 48,873 Total 36,19,594 Consequent to the said allotment, the Paid-up Equity Share Capital of the Company stands increased to Rs. 56,20,24,560/- comprising of 5,62,02,456 Equity Shares of face value of Rs. 10/- each. Further, the securities allotted on a preferential basis shall be subject to such lock-in restriction as prescribed under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The date and time of occurrence of event is July 23, 2026 at 7:45 p.m This is for your information and records. Thanking You, Yours Faithfully, For Max India Limited Trapti Company Secretary & Compliance Officer MAX INDIA LIMITED CIN: L74999DL2019PLC464953 Corporate Office: Landmark House, 3rd Floor, Plot No. 65, Sector-44, Gurgaon - 122003, Haryana | www.maxindia.com +91 124 6984444 | Regd. Office: Max House, 1, Dr. Jha Marg, Okhla, New Delhi, India – 110020