Maxgrow India
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Maxgrow India appointed BNK & Associates as statutory auditor to fill the casual vacancy created by the resignation of R B Jain & Associates, subject to shareholder approval, and proposed the firm for a five-year term running to the 2031 annual meeting. The board also proposed Mr. Krishnan's regularisation as a non-executive independent director and approved Amarjit Kumar Shrivastav's redesignation as a non-executive non-independent director. It approved the FY26 secretarial audit report and directors' report and scheduled the 33rd annual general meeting for September 28 by video conference, with electronic voting from September 24 to 27. FY26 accounts carried qualifications on Ultr avolt OCD rights and internal financial controls, while the outgoing statutory auditor resigned on August 14.
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Maxgrow India appointed BNK & Associates as statutory auditor to fill the casual vacancy created by the resignation of R B Jain & Associates, subject to shareholder approval, and proposed the firm for a five-year term running to the 2031 annual meeting. The board also proposed Mr. Krishnan's regularisation as a non-executive independent director and approved Amarjit Kumar Shrivastav's redesignation as a non-executive non-independent director. It approved the FY26 secretarial audit report and directors' report and scheduled the 33rd annual general meeting for September 28 by video conference, with electronic voting from September 24 to 27. FY26 accounts carried qualifications on Ultr avolt OCD rights and internal financial controls, while the outgoing statutory auditor resigned on August 14.
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Maxgrow India appointed B N K & Associates as statutory auditor on August 27 to fill the casual vacancy created by R B Jain & Associates' resignation, subject to shareholder approval. The board also approved B N K's appointment for a five-year term through the annual general meeting in 2031. It redesignated Amarjit Kumar Shrivastav from non-executive independent director to non-executive non-independent director and scheduled the 33rd annual general meeting for September 28. R B Jain & Associates had resigned on August 14, citing preoccupation with other assignments and declining the audit from FY27 onward. Maxgrow's FY26 audit carried qualifications on the valuation of Ultravolt OCD rights and internal financial controls, while two recent consolidated-results disclosures required correction.
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Maxgrow India appointed B N K & Associates as statutory auditor on August 27 to fill the casual vacancy created by R B Jain & Associates' resignation, subject to shareholder approval. The board also approved B N K's appointment for a five-year term through the annual general meeting in 2031. It redesignated Amarjit Kumar Shrivastav from non-executive independent director to non-executive non-independent director and scheduled the 33rd annual general meeting for September 28. R B Jain & Associates had resigned on August 14, citing preoccupation with other assignments and declining the audit from FY27 onward. Maxgrow's FY26 audit carried qualifications on the valuation of Ultravolt OCD rights and internal financial controls, while two recent consolidated-results disclosures required correction.
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Metal Industrial Pte Limited and Sadhana Uday Chourasia, promoters of Maxgrow India Ltd, sold 11,25,514 equity shares, representing a 3.04% stake in the company, through an off-market transfer on 28 July 2026. Their combined holding fell from 92.82% to 89.78% of the total 3,99,45,065 outstanding shares.
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Metal Industrial Pte Limited and Sadhana Uday Chourasia, promoters of Maxgrow India Ltd, sold 11,25,514 equity shares, representing a 3.04% stake in the company, through an off-market transfer on 28 July 2026. Their combined holding fell from 92.82% to 89.78% of the total 3,99,45,065 outstanding shares.
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July 24 (Reuters) - Maxgrow India Ltd MAXR.BO:
APPOINTS SANTOSH G. DOKE AS CHIEF FINANCIAL OFFICER EFFECTIVE JULY 24, 2026
Source text: ID:nBSE9cDpl8
Further company coverage: MAXR.BO
(([email protected];;))
July 24 (Reuters) - Maxgrow India Ltd MAXR.BO:
APPOINTS SANTOSH G. DOKE AS CHIEF FINANCIAL OFFICER EFFECTIVE JULY 24, 2026
Source text: ID:nBSE9cDpl8
Further company coverage: MAXR.BO
(([email protected];;))
Sept 17 (Reuters) - Maxgrow India Ltd MAXR.BO:
EVALUATING ENTRY INTO MINING SECTOR
DISCUSSIONS ONGOING FOR GOLD MINING ASSETS IN TANZANIA
Source text: ID:nBSEcch2tz
Further company coverage: MAXR.BO
(([email protected];;))
Sept 17 (Reuters) - Maxgrow India Ltd MAXR.BO:
EVALUATING ENTRY INTO MINING SECTOR
DISCUSSIONS ONGOING FOR GOLD MINING ASSETS IN TANZANIA
Source text: ID:nBSEcch2tz
Further company coverage: MAXR.BO
(([email protected];;))
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What does Maxgrow India do?
Frontline Business Solutions Ltd provides value added solutions and services in the areas of staffing, sales and marketing of telecom, financial products, human resource management and solutions, KPO and BPO solutions, call centre, back office process, and event management. The company operates primarily in India.
Who are the competitors of Maxgrow India?
Maxgrow India major competitors are Vakrangee, Exato Technologies, IRIS RegTech Solns., CSM Technologies, Sigma Solve, Akiko Global Service, Virtual Galaxy Info.. Market Cap of Maxgrow India is ₹632 Crs. While the median market cap of its peers are ₹503 Crs.
Is Maxgrow India financially stable compared to its competitors?
Maxgrow India seems to be less financially stable compared to its competitors. Altman Z score of Maxgrow India is 0 and is ranked 8 out of its 8 competitors.
Does Maxgrow India pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Maxgrow India latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Maxgrow India allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is Maxgrow India balance sheet?
Maxgrow India balance sheet is weak and might have solvency issues
Is the profitablity of Maxgrow India improving?
The profit is oscillating. The profit of Maxgrow India is ₹29.69 Crs for Mar 2025, -₹0.12 Crs for Mar 2024 and -₹0.09 Crs for Mar 2023
Is the debt of Maxgrow India increasing or decreasing?
The net debt of Maxgrow India is decreasing. Latest net debt of Maxgrow India is -₹7.44 Crs as of Mar-26. This is less than Mar-25 when it was ₹282 Crs.
Is Maxgrow India stock expensive?
Maxgrow India is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Maxgrow India is 1.4, while 3 year average PE is 4.33. Also latest EV/EBITDA of Maxgrow India is 9.11 while 3yr average is 2.93.
Has the share price of Maxgrow India grown faster than its competition?
Maxgrow India has given better returns compared to its competitors. Maxgrow India has grown at ~1200.74% over the last 1yrs while peers have grown at a median rate of -15.5%
Is the promoter bullish about Maxgrow India?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Maxgrow India is 92.82% and last quarter promoter holding is 92.82%.
Are mutual funds buying/selling Maxgrow India?
There is Insufficient data to gauge this.