Max India - EGM On Mar 23, 2007

Max India Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 23, 2007, inter alia, to transact the following:. To permit Foreign Institutional Investors (FIIs) registered with Securities and Exchange Board of India (SEBI) to acquire and hold shares and / or convertible debentures / instruments convertible into shares of the Company upto, 49% of the paid up equity capital or paid-up value of each series of convertible debentures / instruments convertible into shares of the Company subject to the restriction that the total holding by each FII / SEBI approved sub-account of FII, shall not exceed 10% of the total paid-up equity capital or 10% of the paid-up value of each series of convertible debentures / instruments convertible into shares of the Company, as the case may be, or such limits as are or may be prescribed, from time to time, under applicable laws, rules and regulations, subject to necessary provisions & approvals.