Maximus International Board and Governance Update

• Managing Director Dipak Raval reappointed for 5 years (Oct 2026 - Oct 2031).
• M/s. Ambalal M. Shah & Co. appointed as new Statutory Auditor.

Reader Takeaway: Stability in leadership provided by MD reappointment, while auditor transition addresses a casual vacancy.

What just happened

Maximus International Ltd has executed a series of key governance updates following its board meeting on August 26, 2026. The board confirmed the reappointment of Managing Director Dipak Raval and Non-Executive Independent Director Divya Zalani, both for five-year terms. Additionally, Ramesh Kheradia has joined the board as an Additional Non-Executive Independent Director.

Statutory Auditor Change

The company has appointed M/s. Ambalal M. Shah & Co., Chartered Accountants, as its new Statutory Auditor. This move fills the casual vacancy left by the resignation of the previous firm, M/s. Shah Mehta and Bakshi. The new firm’s appointment is proposed for a five-year term, spanning FY 2026-27 through FY 2030-31, pending approval at the upcoming 11th Annual General Meeting.

Committee Reconstitution

To align with the new board structure, the company has updated its key oversight committees:

• Audit Committee: Now chaired by Divya Zalani, with Dipak Raval, Vinay Pandya, and Ramesh Kheradia as members.
• Nomination and Remuneration Committee: Chaired by Divya Zalani, with members Vinay Pandya and Ramesh Kheradia.

What changes now

Shareholders will now vote on these appointments at the next AGM. The company has explicitly confirmed that none of the appointed directors are debarred from holding office by SEBI or any other regulatory authority, ensuring compliance with current governance standards.