Maxgrow India Ltd approves, subject to shareholder consent, conversion of loans worth up to ₹87.51 crore into equity at ₹179.50 per share
- The conversion may cover up to 48,74,944 equity shares; the Board also approved increasing authorised share capital from ₹20 crore to ₹23 crore.
- Approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026; standalone Q2 revenue was ₹170.16 lakh and net profit ₹0.39 lakh.
- Limited-review reports noted Ultravolt Power Private Limited OCDs remained carried at cost without independent valuation; auditors’ conclusions were not modified.