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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Maximus International Ltd

Maximus International converts Rs. 7.2 Cr loan to equity

DIVIDEND ▲ Positive Development LOW RISK
📅 Filed on BSE: 10 Oct 2026, 01:22 PM IST  ·  BSE ID: b8de0405-acb5-4f4d-be38-9985ea199a80
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's board agreed to swap a Rs. 7.2 Crore loan from a promoter for company shares, issuing new shares.
🤖 AI Summary
  • Board approves conversion of Rs. 7,20,00,000 loan from Optimus Finance into equity.
  • 48,00,000 equity shares of Re. 1 face value allotted at Rs. 15 per share.
  • Conversion based on loan agreement terms and member approval from 10th AGM.
  • Company to explore setting up domestic production facilities for export purposes.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Loan Conversion Amount
Rs.7,20,00,000
Number of Equity Shares to be Allotted
48,00,000
Face Value per Equity Share
Re. 1 /-
Conversion Price per Equity Share
Rs. 15 /-
🏢 How This Affects the Company
📈
Business Impact
The company is exploring setting up domestic production facilities for export, indicating a strategic shift towards manufacturing for international markets.
💰
Financial Impact
The conversion of Rs. 7,20,00,000 loan into equity will reduce the company's debt on the balance sheet and increase its share capital.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders at this time.
👤
Who Is Affected
Existing shareholders will be affected by the issuance of 48,00,000 new equity shares, diluting their existing percentage ownership.
🔍
Management Signal
The management signals a commitment to strengthening the balance sheet by converting debt to equity and exploring growth opportunities in export manufacturing.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
BSE approval for equity allotment post-conversion.
Progress on detailed project report for export production facilities.
Execution of the 'Agreement to Purchase' for production facilities.
LOW RISK The decision is a standard debt-to-equity conversion with necessary approvals.
💡 Investor Takeaway
Maximus International converted Rs. 7,20,00,000 promoter loan to 48,00,000 equity shares at Rs. 15 each and is exploring domestic export production facilities.
⚖️ Strengths & Concerns

✅ Positives

  • Conversion of Rs. 7,20,00,000 outstanding loan from promoter Optimus Finance into equity.
  • Authorization to explore setting up domestic production facilities for export.
❓ Frequently Asked Questions
What is the total value of the loan Maximus International converted to equity?
Maximus International converted an outstanding loan of Rs.7,20,00,000 from Optimus Finance Limited into equity shares.
How many new equity shares will Maximus International issue?
The company will issue 48,00,000 fully paid-up equity shares as part of the conversion.
What is the conversion price per share for Maximus International?
The conversion price is Rs. 15 per equity share of face value Re. 1 /-.
Who is the lender for the converted loan at Maximus International?
The loan was availed from Optimus Finance Limited, which is also a promoter of the company.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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