Max Estates Limited
This is the real estate development arm of Max Group. Company is a leading Real Estate player in Delhi - NCR.
What Max files
- Others85
- Investor Meet40
- Updates39
- Important29
- Board Meeting18
- PPTs5
Max Estates Limited has allotted 14,931 equity shares under its employee stock option plan. This capital expansion increases the company's total paid-up equity share capital, slightly broadening its ownership base through employee participation.
Max Estates acquires an 84.71-acre Delhi land parcel via non-cash share swap, issuing 0.7 Cr shares (~INR 420.2 Cr). This expands its residential footprint into Delhi, unlocking ~INR 10,000-12,000 Cr GDV. Land cost is favorable at <5% of GDV, preserving company cash.
Max Estates acquired a ~84.71-acre Delhi land bank via a non-cash equity deal valued at ₹420.2 Cr. This strategic move adds an estimated ₹10,000-12,000 Cr GDV, significantly boosting future pipeline without any cash outflow.
Max Estates granted 50,226 employee stock options, convertible into equity shares, at an exercise price of INR 221 per option. These options will vest over four years, potentially leading to minor future equity dilution.
Max Estates reported strong Q1 FY27 pre-sales of INR 1,093 Cr, a 5x YoY jump, with collections at INR 491 Cr. The company achieved an [ICRA]A+ Stable rating and boasts an INR 16,150 Cr GDV pipeline. Net debt stands at ~INR 234 Cr.