Max Estates Files Monitoring Agency Report for Q1 FY27

Max Estates Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as required by SEBI regulations. The report, issued by CARE Ratings Limited, covers the utilization of proceeds from a Qualified Institutional Placement and a Preferential Issue of Convertible Warrants. The company reported nil deviation from the stated objects for the utilization of the ₹150 crore preferential issue proceeds. However, a delay in the implementation of certain objects is noted. The report was reviewed by the Audit Committee and the Board of Directors.