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Maxposure Limited (MAXPOSURE)

📊 NSE: MAXPOSURE 🏢 Entertainment / Electronic Media Software 📢 Latest filing: 14 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (H2 FY26)

In its latest reported quarter, H2 FY26, Maxposure's revenue was ₹42.5 Cr (+32.1% year on year, -6.4% on the previous half-year), and net profit ₹4.4 Cr (+25.9% year on year); the operating margin was 14.9%.

H2 FY26 (₹ Cr)	Value	YoY vs H2 FY25	vs prev. half
Revenue	₹42.5	+32.1%	-6.4%
Operating profit	₹6.3	+45.0%	-5.0%
Net profit	₹4.4	+25.9%	-13.9%
EPS (₹)	1.93	+26.1%	-13.8%
Operating margin	14.9%	—	—

Full quarterly financials → Results calendar →

MAXPOSURE delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 88.89% of the MAXPOSURE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 86.2%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure.

88.89%Delivery, 16 Oct

86.2%Own 20-session average

0.7×Volume vs its average

₹33.65NSE close · -0.30%

Delivery in the last 5 sessions: 77.8% · 88.2% · 100.0% · 77.8% · 88.9%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Maxposure's AeroHub & Aeroplay Partner with Aero Nomad Airlines for Wireless IFE

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 14 Oct 2026, 01:35 PM

Maxposure's aviation technology platform, AeroHub, alongside Aeroplay Entertainment, has partnered with regional carrier Aero Nomad Airlines to roll out wireless in-flight entertainment (IFE). The deployment provides a battery-powered, Bring-Your-Own-Device (BYOD) streaming solution with curated content requiring zero aircraft modification. While contract value and revenue potential were not disclosed, this win validates the commercialization of Maxposure's AeroHub platform, which targets regional airlines with hardware-light solutions.

Aero Nomad Airlines deploys AeroHub as the wireless onboard entertainment platform provider
Aeroplay Entertainment to provide curated regional and international content catalogues
Commercial deal value and fleet contract size were not disclosed in the filing
Partnership announced on October 14, 2026 via exchange press release

💡 Track subsequent quarterly filings (starting H2 FY26) for revenue contributions from the aviation technology division and announcements regarding certification or expansion with additional airline fleets.

Maxposure Concludes 20th AGM; Tables Resolution to Migrate to NSE Main Board and List on BSE

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 30 Sep 2026, 06:39 PM

Maxposure Limited held its 20th Annual General Meeting on September 30, 2026. Key business included the re-appointment of MD Prakash Johari and Whole-time Director Sweta Johari for three-year terms from November 15, 2026, to November 14, 2029. Notably, the company tabled a special resolution to migrate its equity shares from the NSE SME Platform to the Main Board of NSE, alongside a proposed listing on BSE. Consolidated e-voting results are to be submitted within two working days.

AGM concluded on September 30, 2026, having started at 4:30 P.M. IST and closing at 4:47 P.M. IST
Special resolution proposed to migrate shares from the SME Platform of NSE to the Main Board and list on BSE
Re-appointment of Managing Director Prakash Johari proposed for 3 years (November 15, 2026, to November 14, 2029)
Re-appointment of Whole-time Director Sweta Johari proposed for 3 years (November 15, 2026, to November 14, 2029)
Scrutinizer's voting results to be disclosed within 2 working days

💡 Track the upcoming disclosure of voting results under Regulation 44 to confirm shareholder approval, followed by official NSE and BSE regulatory approvals for the Main Board migration.

Maxposure Clarifies No Undisclosed Material Events Behind Recent Share Price Movement

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Sep 2026, 12:45 PM

Maxposure Limited responded on September 18, 2026, to a surveillance query from the National Stock Exchange dated September 17, 2026, regarding significant movement in its share price. The company confirmed that it has no undisclosed material information or impending announcements that require reporting under Regulation 30 of SEBI LODR Regulations. It noted that all required disclosures, including the outcome of the Board meeting held on September 3, 2026, have been duly submitted. Maxposure attributed the recent price and volume fluctuations entirely to broader market conditions beyond its control.

NSE issued surveillance query Ref. NSE/CM/Surveillance/17563 on September 17, 2026
Company issued formal clarification on September 18, 2026, denying any undisclosed price-sensitive events
Board meeting outcome from September 3, 2026, confirmed as fully disclosed on the same day

💡 Monitor upcoming quarterly financial filings and exchange disclosures rather than speculative price volatility, as the company confirms no undisclosed operational changes.

Maxposure Clarifies on NSE Surveillance Letter: No Undisclosed Price-Sensitive Information

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Sep 2026, 10:54 AM

Maxposure Limited responded to an NSE surveillance inquiry dated September 17, 2026, regarding significant price movement in its shares. The company clarified that it has no undisclosed price-sensitive information or pending announcements under Regulation 30 of SEBI LODR. Maxposure confirmed that all required disclosures, including outcomes from its September 3, 2026 board meeting, have been submitted. The company noted that share price and volume fluctuations appear attributable to general market conditions.

NSE issued surveillance letter ref. NSE/CM/Surveillance/17563 dated September 17, 2026
Company confirmed no undisclosed material events or pending announcements as of September 18, 2026
Board meeting outcomes held on September 3, 2026, were already disclosed on the same date
Price and volume movements attributed to prevailing market conditions beyond company control

💡 Track upcoming quarterly financial disclosures to monitor core operational progress across aviation tech and CGI divisions, without relying on speculative price movements.

Maxposure Dispatches FY26 Annual Report Weblink Ahead of 20th AGM on Sept 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Sep 2026, 01:09 PM

Maxposure Limited has issued communication providing the web-link for its FY 2025-26 Annual Report and AGM Notice to shareholders who have not registered their email addresses. The 20th Annual General Meeting is scheduled to be held virtually on September 30, 2026, at 04:30 PM IST. The cut-off date for determining eligible shareholders for this dispatch was September 04, 2026. This is a routine administrative compliance under SEBI Listing Regulations.

20th Annual General Meeting scheduled for September 30, 2026, at 04:30 PM IST via VC/OAVM
Record/cut-off date for dispatch of annual report links was September 04, 2026
Letters issued under SEBI LODR Regulations 30 and 36(1)(b) to unregistered email holders

💡 Investors should review the FY26 Annual Report via the provided link for full audited figures and strategic updates on aviation tech commercialization ahead of the September 30 AGM.

Maxposure Proposes Main Board Migration to NSE & Listing on BSE; Calls AGM for September 30, 2026

🟢 POSITIVE ⭐ 5/10

ROUTINE 📅 08 Sep 2026, 10:40 PM

Maxposure Limited has issued the notice for its 20th Annual General Meeting scheduled for September 30, 2026. Key special business items include the proposed migration of the company's equity shares from the NSE Emerge SME platform to the Main Board of NSE, alongside listing on BSE. Additionally, shareholder approval is sought for the 3-year re-appointments of Managing Director Prakash Johari (holding 37.43%) and Whole-time Director Sweta Johari (holding 2.20%), effective November 15, 2026.

AGM scheduled for September 30, 2026, at 04:30 P.M. IST via VC/OAVM
Special resolution sought for migrating equity shares from NSE Emerge to the NSE Main Board and listing on BSE
Proposed 3-year re-appointment of Managing Director Prakash Johari from November 15, 2026, to November 14, 2029 (owns 37.43%)
Proposed 3-year re-appointment of Whole-time Director Sweta Johari from November 15, 2026, to November 14, 2029 (owns 2.20%)

💡 Track shareholder e-voting results post-AGM on September 30, 2026, followed by formal approval and listing timelines from NSE and BSE regarding the Main Board migration.

Maxposure Schedules 20th AGM for Sept 30, 2026; E-Voting Cut-Off Sept 25

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Sep 2026, 07:55 PM

Maxposure Limited announced that its 20th Annual General Meeting (AGM) will be held via video conferencing on September 30, 2026. The company has fixed September 25, 2026, as the cut-off date to determine shareholder eligibility for remote e-voting, which runs from September 27 to September 29, 2026. The register of members and share transfer books will remain closed from September 26 to September 30, 2026. The cut-off date for electronic distribution of the Annual Report is September 4, 2026.

20th Annual General Meeting scheduled for September 30, 2026, at 04:30 PM via VC/OAVM
Share transfer book closure set from September 26, 2026, to September 30, 2026
Remote e-voting window active from September 27, 2026 (09:00 AM) to September 29, 2026 (05:00 PM)
Cut-off date for shareholder e-voting eligibility is September 25, 2026

💡 Eligible shareholders holding shares on September 25, 2026, can cast their votes between September 27 and September 29, 2026, and track the release of the FY26 Annual Report.

Maxposure Re-Appoints Prakash Johari as MD and Sweta Johari as WTD for 3-Year Terms

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 03 Sep 2026, 07:48 PM

Maxposure Limited announced that its Board of Directors has approved the re-appointment of Mr. Prakash Johari as Managing Director and Ms. Sweta Johari as Whole-time Director. Both re-appointments are for a 3-year term from November 15, 2026, to November 14, 2029, subject to shareholder approval at the ensuing 20th Annual General Meeting. Additionally, the Board approved the re-appointment of M/s VAP & Associates as Secretarial Auditors for FY 2026-27.

Re-appointment of Mr. Prakash Johari as Managing Director for a 3-year term (Nov 15, 2026 to Nov 14, 2029)
Re-appointment of Ms. Sweta Johari as Whole-time Director for a 3-year term (Nov 15, 2026 to Nov 14, 2029)
Subject to shareholder approval at the upcoming 20th Annual General Meeting
Appointment of M/s VAP & Associates, Company Secretaries, as Secretarial Auditors for FY 2026-27

💡 Track shareholder voting resolutions at the upcoming 20th Annual General Meeting and operational progress on aviation tech commercialization (AeroHub/Inviseo).

Maxposure Approves NSE Main Board Migration, BSE Listing & Key Leadership Re-appointments

🟢 POSITIVE ⭐ 5/10

BOARD_MEETING 📅 03 Sep 2026, 07:28 PM

Maxposure Limited's Board of Directors approved a proposal to migrate the company's equity shares from the NSE SME platform to the Main Board, alongside a proposed listing on BSE Limited. The Board also approved the re-appointment of Managing Director Prakash Johari and Whole-time Director Sweta Johari for a 3-year term from November 15, 2026, to November 14, 2029. Additionally, the 20th Annual General Meeting is scheduled for September 30, 2026, with e-voting cut-off set for September 25, 2026. Approvals were also granted for related-party transactions with APX Luxury Limited and Subcontinental Media Group Private Limited.

Approved migration from NSE SME platform to the Main Board and dual listing on BSE Limited
Re-appointed MD Prakash Johari and WTD Sweta Johari for a 3-year term (Nov 15, 2026 to Nov 14, 2029)
20th AGM scheduled for September 30, 2026; remote e-voting window from September 27 to September 29, 2026
Approved related-party transactions with APX Luxury Ltd and Subcontinental Media Group Pvt Ltd

💡 Track shareholder approval at the AGM on September 30, 2026, and subsequent exchange approvals for the SME-to-Main Board migration timeline.

Maxposure Approves Main Board Migration from NSE SME & BSE Listing; Re-appoints Key Promoters

🟢 POSITIVE ⭐ 5/10

BOARD_MEETING 📅 03 Sep 2026, 07:23 PM

Maxposure Limited's board approved a proposal to migrate the company's equity shares from the NSE SME platform to the Main Board, alongside a proposed listing on BSE Limited. The board also approved the re-appointment of Managing Director Prakash Johari and Whole-time Director Sweta Johari for 3-year terms effective November 15, 2026, to November 14, 2029, subject to shareholder approval. Additionally, the 20th Annual General Meeting is scheduled for September 30, 2026, with an e-voting cut-off date of September 25, 2026.

Approved migration of equity shares from NSE SME Platform to the Main Board and listing on BSE Limited
Re-appointment of Prakash Johari as Managing Director for a 3-year term from November 15, 2026, to November 14, 2029
Re-appointment of Sweta Johari as Whole-time Director for a 3-year term ending November 14, 2029
20th Annual General Meeting scheduled for September 30, 2026; e-voting cut-off set for September 25, 2026

💡 Track shareholder approval at the AGM on September 30, 2026, and subsequent exchange approvals/timelines for the NSE Main Board migration and BSE listing.

View All MAXPOSURE Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Not disclosed in available documents, though the company secured high-impact government institutional projects and aviation CGI projects for 150 aircraft.

Geographic Revenue Split

Revenue is generated from India (Bluebird Advertising), the United Kingdom (Neutral Digital), and the Middle East (FlyDubai project).

Capital Expenditure

The company utilized INR 1.99 Cr (79.89% of modified allotment) for FAA/EASA certifications and INR 5.67 Cr (72.38% of modified allotment) for working capital and manufacturing.

Credit Rating & Borrowing

The company repaid INR 0.95 Cr (100% of modified allotment) of outstanding borrowings using IPO proceeds to reduce interest costs.

⚙️ Operational Drivers

Raw Materials

Electronic components for Wireless Streaming Servers (AeroHub) and materials for Patented Inviseo tray tables.

Capacity Expansion

Not disclosed in available documents, but INR 7.84 Cr was allotted for manufacturing working capital.

📈 Strategic Growth

Growth Strategy

Growth is driven by the commercialization of patented aviation hardware (AeroHub/Inviseo) following FAA/EASA certifications, expansion of the CGI/3D visualization business via Neutral Digital (e.g., FlyDubai project), and securing high-impact government advertising contracts through Bluebird Advertising (e.g., CFMTTI).

Products & Services

Wireless Streaming Servers (AeroHub), Patented Inviseo tray tables, photorealistic CGI aircraft visuals, and integrated advertising campaigns (print, radio, OOH, digital).

Brand Portfolio

Maxposure, Bluebird Advertising, Neutral Digital, AeroHub, Inviseo.

New Products/Services

AeroHub Wireless Streaming Server and Patented Inviseo tray table are the primary new product launches.

Market Expansion

Targeting the global aviation market through UK-based Neutral Digital and expanding PAN-India government advertising presence.

Strategic Alliances

Project-based collaboration with FlyDubai and Airbus for photorealistic CGI aircraft visuals.

🌍 External Factors

Industry Trends

Growing demand for immersive digital content and photorealistic CGI in the aviation sector, as evidenced by FlyDubai's 150-aircraft fleet expansion project.

Competitive Landscape

The company competes in niche aviation technology and specialized government institutional advertising.

Competitive Moat

Moat is sustained by patents for the Inviseo tray table and the high entry barriers created by mandatory FAA/EASA aviation safety certifications.

Macro Economic Sensitivity

Sensitivity to global aviation industry health and government advertising budgets.

Consumer Behavior

Shift toward digital and immersive in-flight entertainment experiences driving demand for streaming servers.

Geopolitical Risks

Trade barriers affecting the export/import of aviation hardware and international service agreements.

⚖️ Regulatory & Governance

Industry Regulations

Mandatory compliance with Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) standards for all aircraft-installed hardware.