Max Estates Ltd Issues Additional Corporate Guarantee of INR 50 Crores for Subsidiary Company

Max Estates Ltd, a company listed on the stock exchange, has issued an additional Corporate Guarantee of INR 50 Crores to Catalyst Trusteeship Limited for its subsidiary company, Max Square Limited. This guarantee is for a total loan obligation of INR 250 crores. The guarantee is given at an arm's length basis and will not impact the consolidated debt position of the Company. This decision was made to secure financing facilities for the balance cost of construction and development of a commercial project located in Sector 129, Noida.