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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 to acquire 40% stake in Quebec Petroleum

BOARD ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 19 Jun 2026, 04:52 PM IST  ·  BSE ID: 99c8cb9a-a13b-41ce-bd17-53b6e7f78fc5
View Original BSE Filing (PDF)
💡
In Simple Terms
Maximus International is buying a 40% ownership share in another company that makes and sells lubricants and petroleum products.
🤖 AI Summary
  • Maximus International board approved acquiring 40% stake in Quebec Petroleum Resources.
  • Quebec Petroleum is involved in lubricants manufacturing and petroleum product distribution.
  • The target company has a market presence in India for over twenty years.
  • A Share Purchase Agreement will be executed to finalize the transaction.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Stake Acquired
40%
Quebec Petroleum Market Presence
more than twenty years
🏢 How This Affects the Company
📈
Business Impact
The acquisition of a 40% stake in Quebec Petroleum Resources expands Maximus International's presence in the lubricants manufacturing and petroleum products distribution sector. This move diversifies its business into an established market segment.
💰
Financial Impact
The investment will impact Maximus International's balance sheet through the share purchase. The financial terms of the Share Purchase Agreement are not disclosed in this filing.
⚙️
Operational Impact
Integration with Quebec Petroleum's operations, which include lubricants manufacturing and petroleum product distribution, will require operational alignment. Quebec Petroleum has operated in the Indian market for over twenty years.
⚠️
Risk Impact
Acquiring a stake introduces risks related to integration, performance of the acquired entity, and market conditions in the petroleum and lubricants sector. Completion is subject to SPA conditions.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders. Shareholders should monitor future announcements regarding the Share Purchase Agreement and transaction completion.
👤
Who Is Affected
All shareholders will be affected by the potential strategic diversification and financial impact of the acquisition. Specific shareholding percentages are not detailed in this disclosure.
🔍
Management Signal
This decision signals management's intent to pursue strategic growth through acquisitions to expand business verticals and market reach.

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

👁 Watch List — track these upcoming events
Execution of Share Purchase Agreement for Quebec Petroleum stake.
Announcement on completion of the 40% stake acquisition.
Financial results detailing impact of Quebec Petroleum acquisition.
MEDIUM RISK Acquisition completion is subject to conditions, and integration risks exist in the lubricants and petroleum sector.
💡 Investor Takeaway
Maximus International board approved acquiring 40% in Quebec Petroleum, a Vadodara-based lubricants and petroleum products distributor with over 20 years of Indian market presence. Transaction completion is subject to SPA conditions.
⚖️ Strengths & Concerns

✅ Positives

  • Acquires 40% stake in Quebec Petroleum, a Vadodara-based lubricants manufacturer.
  • Quebec Petroleum has over twenty years of presence in the Indian market.
❓ Frequently Asked Questions
What did Maximus International's board approve on June 19, 2026?
The board approved acquiring a 40% stake in Quebec Petroleum Resources Limited, a company in lubricants manufacturing and petroleum products distribution.
What is the name of the company Maximus International is acquiring a stake in?
Maximus International is acquiring a stake in M/s. Quebec Petroleum Resources Limited.
What is Quebec Petroleum Resources Limited's business?
Quebec Petroleum Resources Limited is engaged in Lubricants Manufacturing & Petroleum Products Distribution.
How long has Quebec Petroleum Resources Limited been in the Indian market?
Quebec Petroleum Resources Limited has a presence in the Indian market for more than twenty years.
Is the acquisition of Quebec Petroleum Resources Limited complete?
No, the acquisition is subject to the fulfilment of conditions in the Share Purchase Agreement and other transaction documents.

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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