Max Estates Ltd

Max Estates Limited has achieved a Dual 5-Star Rating in the 2026 GRESB Real Estate Assessment for the second consecutive year. The company scored 100/100 in the Development category and 93.5/100 in Standing Investments. Notably, Max Estates ranked No. 1 among its GRESB-defined peer group in the Development category. This dual 5-Star rating places Max Estates in the top quintile globally, signifying its strong commitment to sustainability and ESG principles integrated into its development philosophy and operations. The company has been participating in GRESB since 2022 and has progressively improved its performance.

Max Estates Ltd has announced the closure of its trading window effective from October 1, 2026. This closure is in accordance with the company's 'Code of Conduct to Regulate, Monitor, and Report Trading by Designated Persons and their immediate relatives' and SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will remain shut until 48 hours after the declaration of the unaudited financial results for the quarter and half-year ending September 30, 2026. Designated persons and their immediate relatives are prohibited from trading in the company's securities during this period. The date for the board meeting to approve these financial results will be communicated separately.

Max Estates Limited has entered into a Binding Memorandum of Understanding (MoU) for a Joint Development Agreement (JDA) concerning a 9.76-acre land parcel in Ghaziabad. This move marks the company's entry into Ghaziabad, expanding its National Capital Region (NCR) footprint. The development is structured on a capital-light basis with revenue sharing and is expected to yield a super built-up area of approximately 1.5 million sq. ft., potentially unlocking a Gross Development Value (GDV) of INR 2,500-3,000 crore. The transaction is contingent upon satisfactory due diligence, requisite approvals, and the final execution of the JDA. The land's strategic location offers superior connectivity to Delhi and Noida.

Max Estates Ltd has announced an Extra-Ordinary General Meeting (EGM) scheduled for September 24, 2026, to be held via video conferencing. The primary agenda is to approve material related party transactions concerning the proposed acquisition of securities in nine land owning companies. The aggregate consideration for this acquisition is not to exceed ₹3,791,151,242.50, to be discharged through the issuance of Max Estates' equity shares at ₹597.50 per share. The transaction involves related parties including Max Ventures Investment Holdings Private Limited and individuals like Mr. Analjit Singh. The company is facilitating remote e-voting and e-voting during the EGM for eligible members.

Max Estates Limited announced its Board of Directors has approved the acquisition of the entire ownership interest in nine Land Owning Companies, which collectively hold an approximately 84.7-acre land platform in Sector 3, Najafgarh, Delhi. The Proposed Acquisition will be executed through a single, integrated transaction. The consideration for the acquisition will be discharged via a preferential issue of up to 70,33,162 equity shares at ₹597.50 per share, aggregating up to ₹420.23 crore. This transaction aims to make the Land Owning Companies wholly-owned subsidiaries of Max Estates. The deal is supported by valuation reports from KPMG and fairness opinion from Motilal Oswal.

Max Estates Limited announced its Board of Directors has approved the acquisition of nine land-owning companies, including Trophy Estates Private Limited and others, which collectively hold approximately 84.7 acres of land in Najafgarh, Delhi. This acquisition will be executed through a preferential issue of up to 70,33,162 equity shares at ₹597.50 per share, totaling ₹420.23 crore, via a share swap for consideration other than cash. The transaction aims to consolidate land assets, with each acquired company becoming a wholly-owned subsidiary post-completion. The deal is supported by valuation reports from KPMG and fairness opinions from Motilal Oswal Investment Advisors.

Max Estates Limited's Board of Directors has approved the acquisition of nine land-owning companies, which collectively hold approximately 84.7 acres of land in Delhi. This acquisition will be executed through a preferential issue involving a share swap, with up to 70,33,162 equity shares to be issued at ₹597.50 per share, totaling approximately ₹420.23 crore. The transaction aims to consolidate land assets, with each acquired company becoming a wholly-owned subsidiary post-completion. An Extra-Ordinary General Meeting is scheduled for September 24, 2026, to seek shareholder approval.

Max Estates Limited announced its Board of Directors has approved the acquisition of the entire ownership interest in nine land-owning companies, collectively holding an approximately 84.7-acre land platform in Sector 3, Najafgarh, Delhi. This proposed acquisition will make these companies wholly-owned subsidiaries of Max Estates. To fund this acquisition, the company will undertake a preferential issue by way of a share swap, allotting up to 70,33,162 equity shares at an issue price of ₹597.50 per share, aggregating up to ₹420.23 crore. The transaction involves execution of a Share Purchase and Share Subscription Agreement, and an EGM is scheduled for September 24, 2026, to seek shareholder approval.

Max Estates Ltd has announced the acquisition of an approximately 84.71-acre land bank in Delhi for a consideration of ₹420.2 Cr, entirely through equity (non-cash). This strategic move adds a significant residential land parcel within the National Capital Territory (NCT) of Delhi, complementing its existing presence in Noida and Gurugram. The estimated Gross Development Value (GDV) for this land bank is between ₹10,000-12,000 Cr over the next few years. The transaction is subject to shareholder and regulatory approvals. The land cost is estimated at less than 5% of the GDV, significantly lower than the industry benchmark of 20-25%. This acquisition is structured through nine wholly-owned subsidiaries and is supported by infrastructure development in the area, including the Urban Extension Road-II and Dwarka Expressway.

Max Estates Limited has announced the acquisition of approximately 84.71 acres of land in West Delhi through a non-cash share swap transaction. The deal involves issuing up to 70 lakh equity shares at ₹597.50 per share, aggregating to approximately ₹420.2 crore, with no cash outflow from the company's balance sheet. This acquisition marks Max Estates' entry into the Delhi residential market and is expected to unlock a Gross Development Value (GDV) of ₹10,000-12,000 crore over the next few years. The valuation was independently assessed by Cushman & Wakefield and iVAS Partners, with KPMG Valuation Services LLP determining the share-exchange ratio and Motilal Oswal Investment Advisors Limited providing a fairness opinion. The land cost is estimated at under 5% of the GDV, significantly lower than typical cash land purchases.