Maximus International Ltd
Announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Acquisition.
M&A
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MEDIUM RISK
📅 Filed on BSE: 19 Jun 2026, 05:02 PM IST · BSE ID: 1d98a254-6e7e-4cc0-93a3-a35ac3f1ad5c
View Original BSE Filing (PDF)
💡
In Simple Terms
Maximus International is buying a 40% share in Quebec Petroleum, a lubricant and petroleum distributor, for Rs. 18.43 Crores.
🤖 AI Summary
- Maximus International Ltd approved acquiring a 40% stake in Quebec Petroleum Resources Limited.
- The acquisition cost is Rs. 18.43 Crores for the 40% equity stake via cash consideration.
- Quebec Petroleum, incorporated in 2005, manufactures lubricants and distributes petroleum products.
- Target entity reported a turnover of Rs. 184.73 Crores for FY2024-25.
- The transaction involves a related party, Mr. Aniruddh Gandhi, holding 40% stake in Quebec Petroleum.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Cost of Acquisition
Rs. 18.43 Crores
Quebec Petroleum Turnover FY2024-25
Rs. 184.73 Crores
Quebec Petroleum Turnover FY2023-24
Rs. 246.59 Crores
Quebec Petroleum Turnover FY2022-23
Rs. 249.20 Crores
Quebec Petroleum Authorized Share Capital
Rs. 6,00,00,000/-
Quebec Petroleum Paid Up Share Capital
Rs. 5,60,47,310/-
🏢 How This Affects the Company
This acquisition integrates lubricants manufacturing and petroleum product distribution into Maximus International's operations, expanding its presence in the Indian domestic market.
The company will deploy Rs. 18.43 Crores in cash for this strategic investment. The consolidation of Quebec Petroleum's financials will affect Maximus International's future balance sheet and earnings.
Maximus International will gain exposure to Quebec Petroleum's advanced manufacturing facilities, R&D capabilities, and established distribution network in the lubricants sector.
The acquisition is a related party transaction involving Mr. Aniruddh Gandhi, a Non-Executive and Non-Independent Director. The completion is subject to fulfillment of conditions in the Share Purchase Agreement.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
Shareholders are affected by the company's strategic decision to deploy Rs. 18.43 Crores in cash for a 40% stake, which will alter the business scope and potentially future earnings.
🔍
Management Signal
Management signals an intent to expand its business portfolio into lubricants and petroleum products through strategic investments and inorganic growth.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Announcement of the Share Purchase Agreement execution details and terms.
Confirmation of the completion of the acquisition by Maximus International.
Future financial results reflecting the integration and performance of Quebec Petroleum.
MEDIUM RISK
The acquisition is a Related Party Transaction and subject to SPA conditions, introducing execution and governance risks.
💡 Investor Takeaway
Maximus International Ltd approved acquiring a 40% stake in Quebec Petroleum Resources Limited for Rs. 18.43 Crores. Quebec Petroleum had a turnover of Rs. 184.73 Crores in FY2024-25 and is engaged in lubricants manufacturing and petroleum distribution.
⚖️ Strengths & Concerns
✅ Positives
- Maximus International gains a 40% stake in a company with a 20+ year presence in lubricants and petroleum products.
- Quebec Petroleum Resources Limited reported a turnover of Rs. 184.73 Crores in FY2024-25, adding scale to the combined entity.
⚠️ Concerns
- The target entity, Quebec Petroleum, experienced a turnover decline from Rs. 249.20 Crores in FY2022-23 to Rs. 184.73 Crores in FY2024-25.
- The acquisition is a Related Party Transaction, with a Director of Maximus International holding 40% stake in the acquired entity.
❓ Frequently Asked Questions
What stake is Maximus International acquiring in Quebec Petroleum Resources Limited?
Maximus International Ltd is acquiring a Forty Percent (40%) stake in the Paid-Up Share Capital of Quebec Petroleum Resources Limited.
What is the cost of acquisition for Maximus International's stake in Quebec Petroleum?
The cost of acquisition for the 40% stake in Quebec Petroleum Resources Limited is Rs. 18.43 Crores, paid via cash consideration.
What was the turnover of Quebec Petroleum Resources Limited in FY2024-25?
Quebec Petroleum Resources Limited reported a turnover of Rs. 184.73 Crores for the Financial Year 2024-25.
Is the acquisition of Quebec Petroleum Resources Limited a related party transaction?
Yes, the acquisition falls within the ambit of a Related Party Transaction, as Mr. Aniruddh Gandhi, a Director of Maximus International, holds a 40% stake in the acquired entity.
What is the business of Quebec Petroleum Resources Limited?
Quebec Petroleum Resources Limited is engaged in Lubricants Manufacturing & Petroleum Products Distribution, operating in the Indian market for over twenty years.
Questions based on this BSE filing only. For information purposes.