Max Estates issues ₹100 Cr additional corporate guarantee for subsidiary

Max Estates Ltd has issued an additional corporate guarantee of INR 100 Crores for its subsidiary, Max Square Limited (MSL), on April 27, 2026. This new guarantee, combined with earlier guarantees of INR 250 Crores, brings the total corporate guarantee obligation to INR 350 Crores for loans taken by MSL from ICICI Bank Limited and Yes Bank Limited. These loans are intended to fund the balance cost of construction and development of a commercial project in Sector 129, Noida. The corporate guarantee is a contingent liability for Max Estates and will not impact its consolidated debt position. The transaction is a related party transaction, executed at arm's length.