BSECompany Update23 Jun 2026 · 23 Jun 2026, 12:35 pm

Execution of Share Purchase Agreement For Acquisition.

Maximus International Ltd · 540401

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Maximus International Ltd has executed a Share Purchase Agreement to acquire a 40% equity stake in Quebec Petroleum Resources Limited, a Vadodara-based company with over 20 years of presence in lubricants manufacturing and petroleum products distribution. The acquisition aims to enhance Maximus's market position and product portfolio. The transaction involves Mr. Aniruddh Gandhi, a director and substantial beneficial owner of Maximus, making it a related party transaction, though it is stated to be undertaken on an arm's length basis.

Analysis Scores

Earnings Impact7/10
Growth Catalyst8/10
Governance Concern4/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact5/10
Market Sentiment7/10

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Full Announcement

Maximus International Ltd - 540401 - Announcement under Regulation 30 (LODR)-Updates on Acquisition

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MAXIMUS INTERNATIONAL ISO 9001 CERTIFIED COMPANY Ref: MIL/BSE/2026 Date: 23.06.2026 The Corporate Relations Department BSE Limited Department of Corporate Services P J Towers, Dalal Street, Fort, Mumbai-400001. Re: Maximus International Limited Script Code: 540401 Subject: Intimation regarding Execution of Share Purchase Agreement for acquisition of stake in a Lubricants Manufacturing& Petroleum Products Distribution Company. Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and in continuation to our intimation dated 19.06.2026 relating to proposed acquisition 40% stake in M/s. Quebec Petroleum Resources Limited (Quebec), Vadodara based company engaged in Lubricants Manufacturing & Petroleum Products Distribution, having presence in Indian market for more than twenty years, we wish to inform you that the company has Executed Share Purchase Agreement on Tuesday, 23" June, 2026 with shareholder of M/s. Quebec Petroleum Resources Limited. The disclosure as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026 is enclosed herewith. (Annexure-A) The above information is also being made available on the Company's website at Kindly take the above information on your records. Thanking you, Yours faithfully, For Maximus International Limited Sonali Panchal Company Secretary & Compliance Officer MAXIMUS INTERNATIONAL LIMITED Regd. Off.: 301-304, Sears Il, East Wing, Gotri-Sevas i Road, Sevasi, Vadodara-391101, Gujarat, India. CIN: L51900GJ2015PLC085474 e Phon e: +91 2 65 2345321 © Email: info@maximusinternational.in Website: www.maximusinternational.in MAXIMUS INTERNATIONAL ISO 9001 CERTIFIED COMPANY Sr. No. Particulars Di sclosure a) Name(s) of parties with whom the | 1. Maximus International Limited agreement is entered; 2. Mr. Aniruddh Gandhi b) Purpose of entering into the | To acquire 40% Equity Shares in M/s. Quebec agreement; Petroleum Resources Limited, Vadodara. Cc) Shareholding, if any, in the entity | No t Applicable with whom the agreement is executed; d) Significant terms of the agreement | No t Applicable (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.; e) Whether the said parties are related | Ye s to promoter/promoter group/ group companies in any manner. If yes, | Mr. Aniruddh Gandhi, Non-Executive and Non- nature of relationship; Independent Director and Substantial Beneficial Owner, is a related party of the Company. f) Whether the transaction would fall | Ye s within related party transactions? If yes, whether the same is done at | The transaction is being undertaken on an arm’s “arms length” length basis. g) In case of issuance of shares to the | No t Applicable parties, details of issue price, class of shares issued; h) Any other disclosures related to | No tApplicable such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc; i) In case of termination or | No tApplicable amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): a) name of parties to the agreement; b) nature of the agreement; c) date of execution of the agreement; d) details of amendment and impact thereof or reasons of termination and impact thereof MAXIMUS INTERNATIONAL LIMITED Regd. Off.: 301-304, Sears Il, East Wing, Gotri-Sevasi Road, Sevasi, Vadodara-391101, Gujarat, India. CIN: L51900GJ2015PLC085474 ¢ Phone: +91 265 2345321 © Email: info@maximusinter national.i n Website: www.maximusinternational.in