Max Estates Limited — Important, 24-04-2025: General Updates

Max Estates Limited has completed the acquisition of 100% equity of Boulevard Projects Private Limited (BPPL) through the allotment of 34,000 fresh equity shares. This strategic move aligns with the company’s aim to expand its real estate portfolio, particularly to develop the “Delhi One” mixed land use project in Noida. BPPL, which previously had no active business operations, will now serve as a wholly-owned subsidiary. The acquisition involves a total capital commitment of approximately ₹1,400 Crores, including settling outstanding liabilities, and is expected to unlock substantial development potential of around 2.5 million square feet. The project is anticipated to generate total sales of approximately ₹2,000 Crores and an annuity rental income potential of ₹120 Crores, positioning the company for significant growth.