Max Estates (MAXESTATES) — Board Meeting

📢 Key Event
EGM to approve non-cash acquisition via preferential share issue

🔮 What's Next
Completion of share allotment by October 9, 2026, subject to regulatory approvals

💡 Investor Takeaway
Shareholders will vote on a dilutionary, non-cash acquisition funded by share issuance, with no cash raised.

Max Estates Ltd convened an EGM on September 24, 2026, to approve a non-cash acquisition of land-owning companies via a preferential issue of 7,033,162 shares at ₹597.50 each, raising ₹4,202.31 crore. The transaction, valued at ₹4,202.314295 crore, involves acquiring 100% equity and CCDs from nine related parties, including Max Ventures and Terra Planet Estates. Shareholders will vote remotely through NSDL e-Voting, with e-voting open from September 21–23. The issue price exceeds the SEBI-mandated floor price of ₹507.20, and fairness opinions from KPMG and Motilal Oswal support the valuation. Post-issue dilution is 4.08%, with promoters allotted shares under 5% stakes, avoiding Reg 166A thresholds. The board recommends approval of both the ordinary and special resolutions. The meeting will be held via video conferencing, with technical support available via NSDL helpdesks.

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About Max Estates Ltd (MAXESTATES)

Realty · Realty · Listed on BSE

Market Cap: ₹9,165.66 Cr P/E: 747.5 ROE: 0.5% ROCE: 1.7%

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"What is the post-issue shareholding percentage of each promoter after allotment?" "How does the ₹597.50 issue price compare to the company's current market price?" "What are the expected development timelines for the acquired land parcels?"

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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