Max Estates Limited — Others, 27-03-2025: Appointment

Max Estates has announced a board meeting, during which Ms. Ira Gupta was appointed as an Additional Non-Executive Independent Director for a five-year term, pending shareholder approval. The Board also approved the reclassification request from Ms. Neelu Analjit Singh, transferring her status from 'Promoter Group' to 'Public.' Additionally, binding MoUs with New York Life Insurance Company were established, proposing investments into two subsidiaries—Max Estates Noida Private Limited and Boulevard Projects Private Limited—through compulsorily convertible debentures (CCDs). This strategic move could enhance investment capacity and operational growth, positively influencing investor sentiment by positioning the company for further expansion in the real estate sector.