Max Estates Limited — Others, 30-12-2024: Shareholders meeting

Max Estates has announced a board meeting to seek shareholder approval through a postal ballot for several related party transactions. This includes the purchase of three floors in Max Towers from Max India Limited for INR 105.08 Crores and extending corporate guarantees of INR 800 Crores to Acreage Builders Private Limited and INR 584 Crores to Max Square Limited for their respective loan facilities. Additionally, they plan to invest approximately INR 84 Crores in Acreage Builders, improving its development potential and increasing rental income. These transactions are positioned as beneficial for enhancing the company's asset base and long-term shareholder value, leading to a positive outlook for investors.