News

Max Estates Limited submitted a confirmation certificate to the BSE Limited and National Stock Exchange of India Limited for the quarter ended September 30, 2026, received from MAS Services Limited, its Registrar and Share Transfer Agent, confirming the handling of securities received for dematerialization between July 1, 2026, and September 30, 2026.

Max Estates Limited will close its trading window for designated persons and their immediate relatives starting Thursday, October 1, 2026, until 48 hours after the unaudited financial results for the quarter and half year ending September 30, 2026, are released to the BSE Limited and National Stock Exchange of India Limited; the date of the board meeting to approve the results will be announced separately.

Max Estates Limited convened an Extra-Ordinary General Meeting (EGM) on September 24, 2026, via video conference, where Chairman Analjit Singh informed shareholders of a proposed transaction to acquire 100% ownership, on a fully diluted basis, in nine land-owning companies holding approximately 84.7 acres of land in Sector 3, Najafgarh, Delhi. Shareholders were also asked to approve a preferential issue of equity shares for consideration other than cash (share swap) at the EGM, which ran from 12:30 hours (IST) to 13:14 hours (IST) and included time for e-voting.

Max Estates Limited plans to acquire 100% ownership of nine land-owning companies in the Delhi-NCR region to expand its real estate development platform, with a potential for approximately 4-6 million square feet of development. The acquisition, valued at Rs 4.95 crore per acre of land, will be executed through a share swap, with Max Estates issuing 70,33,162 equity shares at Rs 597.50 each, totaling roughly Rs 4,202.31 crore. The sellers, including Non-Executive Chairman & Promoter Analjit Singh, Vice-Chairman & Managing Director Sahil Vachani, and related entities, are currently shareholders in the land-owning companies. The transaction, considered to be in the ordinary course of business and at arm’s length, is expected to be completed during FY27, pending shareholder approval at an Extraordinary General Meeting on September 24, 2026, and other regulatory approvals. Independent valuation reports from KPMG, Motilal Oswal, Cushman & Wakefield, and iVAS Partners support the deal.

Max Estates is expanding its real estate portfolio through an acquisition involving multiple sellers, financed in part by a preferential allotment of up to 70,33,162 fully paid-up equity shares at Rs 597.50 per share, totaling approximately Rs 4,20,23,14,295. Investors participating in the share offering include Max Ventures Investment Holdings Private Limited, which will increase its stake from 21.89% to 24.42%, Terra Planet Estates Private Limited, and several individual investors such as Bharat Sahgal and Analjit Singh. The pre-issue shareholding data is as of August 28, 2026, and the number of shares issued may be less than the maximum offered. Shareholders with fractional share entitlements have waived their rights, and post-issue percentages are calculated on a fully diluted basis.