Max Estates Limited — Others, 25-04-2025: Giving guarantees/indemnity/ becoming a surety for third party

Max Estates has announced a board meeting regarding the provision of a corporate guarantee for its subsidiary, Max Square Limited (MSL), to secure loans of INR 292 crore each from ICICI Bank and Yes Bank for a commercial project in Noida. Max Estates will provide a guarantee of INR 200 crore, facilitated by Catalyst Trusteeship Limited as the Security Trustee. This guarantee will serve as a contingent liability and is expected to have no impact on the company’s consolidated debt position. This move may bolster investor confidence through strategic support for project financing, presenting a positive outlook in terms of operational growth.