Max Estates Limited — Important, 27-03-2025: Memorandum of Understanding/Agreements

Max Estates Limited has announced a board meeting where it approved the appointment of Ms. Ira Gupta as an Additional Non-Executive Independent Director for five years, pending shareholder approval. Additionally, the board reviewed a request from Ms. Neelu Analjit Singh to change her status from 'Promoter' to 'Public,' linked to recent changes in her relationship with Mr. Analjit Singh. The company entered binding Memoranda of Understanding with New York Life Insurance Company for proposed investments in two subsidiaries, ensuring capital for development projects. This strategic move could foster growth, instilling a positive outlook among investors.