Max Estates Limited — Others, 06-03-2025: Giving guarantees/indemnity/ becoming a surety for third party

Max Estates has announced a board meeting to discuss the provision of a Corporate Guarantee for its subsidiary, Acreage Builders Private Limited (ABPL), to secure loans from State Bank of India, Axis Bank, and ICICI Bank totaling ₹300 cr, ₹250 cr, and ₹250 cr respectively. The guarantee amounts to ₹150 cr and is intended to fund construction and development costs in Gurugram. While this represents a contingent liability for Max Estates, it will not alter the company’s consolidated debt position. This move may signal growth potential for investors, but they should remain aware of the associated risks.