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