Max Estates Limited — Others, 25-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

Max Estates Limited confirmed there was no deviation in the use of funds raised through their Qualified Institutional Placement (QIP) totaling INR 800 crore on September 3, 2024. A Nil Statement of Deviation, reviewed by the Audit Committee, was filed for the quarter ended September 30, 2024, indicating compliance with the original allocation for land acquisition and general corporate purposes, with the latter not exceeding 25% of the gross proceeds.