Max Estates Limited — Others, 14-02-2025: Shareholders meeting

Max Estates has submitted a Notice of Postal Ballot to its shareholders for several key matters. Firstly, the company seeks approval for an annual compensation of INR 3 crore (cr) for Mr. Analjit Singh, its Non-Executive Chairman, for the fiscal year 2025-26. Furthermore, it plans an equity infusion of approximately INR 70.34 cr into its subsidiary, Max Estates Noida Private Limited, as part of a consortium partnership, thus transitioning it from a wholly-owned subsidiary to a subsidiary with a 60% stake. Additionally, the company aims to raise INR 500 cr through Compulsory Convertible Debentures (CCDs) to meet project development obligations. The outcomes of these proposals are expected to bolster the company's strategic positioning and enhance growth potential, reflecting a positive outlook for investors.