Max Estates Ltd (MAXESTATES) — Board Meeting | 29 August 2026(4 announcements)

Max Estates announced on August 28, 2026 that its board approved acquiring 100% ownership of nine land-holding private companies controlling approximately 84.7 acres in Delhi's Najafgarh sector, a strategic platform aligned with the Delhi Master Plan 2047. The acquisition will be executed via a preferential share issue of up to 7,033,162 shares at ₹597.50 each, aggregating [amount not verified], to fund the transaction without cash consideration. Each target will become a wholly-owned subsidiary post-completion, subject to shareholder and stock exchange approvals, with closing targeted by October 9, 2026.

Max Estates announced on August 28, 2026 that its board approved acquiring 100% ownership of nine land-holding private companies controlling approximately 84.7 acres in Delhi's Najafgarh sector, a strategic platform aligned with Delhi's 2047 Master Plan. The acquisition will be executed via a preferential share issue of up to 7,033,162 shares at ₹597.50 per share, aggregating to [amount not verified], to fund the transaction without cash consideration. Each target will become a wholly-owned subsidiary post-completion, subject to shareholder and stock exchange approvals, with closing targeted by October 9, 2026.

Max Estates announced on August 28, 2026 that its board approved acquiring 100% ownership of nine land-holding private companies controlling approximately 84.7 acres in Delhi's Najafgarh sector, valued at ₹4.95 crore per acre. The acquisition will be funded via a preferential share issue of up to 7,033,162 new equity shares at ₹597.50 per share, aggregating ₹4,202.31 crore. The transaction, part of Delhi's 2047 Master Plan, aims to establish a core development platform. Shareholder and regulatory approvals are required, with completion targeted by October 9, 2026.

Max Estates announced on August 28, 2026 that its board approved acquiring 100% ownership of nine land-holding private companies controlling approximately 84.7 acres in Delhi's Najafgarh sector, a strategic platform aligned with Delhi's 2047 Master Plan. The acquisition will be executed via a preferential share issue of up to 7,033,162 equity shares at ₹597.50 per share, aggregating up to [amount not verified], to settle the purchase consideration without cash. Each target company will become a wholly-owned subsidiary post-acquisition. The transaction requires shareholder and stock exchange approvals, with completion targeted by October 9, 2026, contingent on regulatory clearances.