Max Estates Limited — Board Meeting, 25-10-2024: Outcome of Board Meeting

Max Estates Limited's Board approved the unaudited financial results for Q2 and H1 FY2024, reporting total income of ₹10,047.48 lakhs with a net loss of ₹337.74 lakhs. The company issued fresh equity shares via a qualified institutional placement, aggregating ₹80,000 lakhs. It also entered a joint development agreement for a new residential project, "Estate 360," achieving substantial sales. Notably, New York Life Insurance Company acquired significant shares in two subsidiaries, reflecting positive market developments.