Maximus International schedules 11th AGM for Sept 30, shares FY26 report link

Maximus International approved the appointment of Ramesh Kheradia as an additional non-executive independent director and M/s. Ambalal M. Shah & Co. as its statutory auditor during a board meeting held on August 26, 2026. The Board also sanctioned the re-appointment of Dipak Raval as Managing Director and Divya Zalani as an independent director. All appointments are subject to shareholder approval at the ensuing Annual General Meeting. Director Appointments The Board appointed Mr. Ramesh Kheradia (DIN: 11804859) as an Additional Non-Executive Independent Director effective August 26, 2026. He is not liable to retire by rotation. The company confirmed he is not debarred by SEBI or disqualified under Section 164 of the Companies Act, 2013. Mr. Dipak Raval (DIN: 01292764) was re-appointed as Managing Director for a five-year term from October 7, 2026, to October 6, 2031. He will continue in office beyond the age of 70 without remuneration from the company. He also serves as Whole Time Director of Optimus Finance Limited, the holding company. Ms. Divya Zalani (DIN: 09429881) was re-appointed as an Independent Director for a second five-year term from December 31, 2026, to December 30, 2031. She is not subject to retirement by rotation. Auditor Appointment The Board appointed M/s. Ambalal M. Shah & Co. (FRN: 0100304W) as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s. Shah Mehta and Bakshi. The appointment is effective August 26, 2026, until the conclusion of the 11th AGM. The company proposes to appoint them for a five-year term commencing after the 11th AGM through the 16th AGM (FY27 to FY31). This proposal requires shareholder approval. Committee Reconstitution Consequent to the board changes, the Audit Committee and Nomination and Remuneration Committee were reconstituted effective August 26, 2026. Committee Chairperson Members Audit Ms. Divya Zalani Mr. Dipak Raval, Mr. Vinay Pandya, Mr. Ramesh Kheradia Nomination & Remuneration Ms. Divya Zalani Mr. Vinay Pandya, Mr. Ramesh Kheradia Ms. Divya Zalani chairs both committees. Mr. Vinay Pandya and Mr. Ramesh Kheradia serve as members of both bodies.