Change in Director / Key Managerial Personnel

Nature of change: Resignation, cessation, and new appointments

Resignation: Mr. Anthony Ramsey Malloy (DIN: 10545256), Executive Vice President and Chief Investment Officer at New York Life Insurance Company and representative of New York Life International Holdings Ltd on the Board, tendered his resignation effective from the close of business hours on May 22, 2026. The resignation was due to his retirement from New York Life Insurance Company, as per his resignation letter dated May 16, 2026.

Cessation: Consequent upon Mr. Malloy's resignation, Ms. Jillian Leigh Moo-Young (DIN: 10545257) ceased to be the Alternate Director to Mr. Malloy effective from the close of business hours on May 22, 2026.

New Appointments:

  • Ms. Jillian Leigh Moo-Young appointed as Additional Director (Non-Executive, Non-Independent) of the Company, nominated by New York Life International Holdings Ltd as its representative, effective from the close of business hours on May 22, 2026, subject to shareholder approval.
  • Mr. Benjamin Scott Greene (DIN: 10394121) appointed as Alternate Director to Ms. Jillian Leigh Moo-Young effective from the same date. His tenure shall not exceed that of the director he represents and shall vacate office when the director returns to India.

Brief Profiles:

  • Ms. Jillian Leigh Moo-Young: Managing Director and Head of Alternatives in the Office of the Chief Investment Office at New York Life Insurance Company. Oversees Alternative investments within the Company's General Account, responsible for portfolio construction, capital allocation strategy, and underwriting/integration of private market investments. 32+ years experience in investment management and financial services. Previously founded and led direct alternatives investment platform at AIG/Corebridge Financial, overseeing equity and co-investment strategies and external manager mandates. Served as Chief Operating Officer of AIG Investments supporting a $350 billion global platform. MBA from Harvard Business School, BA in Economics (summa cum laude) from Columbia University. Serves on multiple affiliated boards of New York Life and is an officer of the Company.
  • Mr. Benjamin Scott Greene: Director in the Office of the Chief Investment Office at New York Life Insurance Company. Works on Portfolio Solutions team responsible for underwriting and monitoring new third-party investment mandates, structuring and operationalizing portfolios across asset classes, and developing portfolio management tools. Previously worked at AIG's Asset Management arm on Direct Alternative Investments team underwriting private equity co-investments. Also worked at Strategic Wealth Partners, a registered independent advisory firm. Undergraduate degree from Northwestern University. CFA Charterholder.

Eligibility Confirmation: Both Ms. Moo-Young and Mr. Greene are not debarred from holding director office by virtue of any SEBI or other regulatory authority order.

Relationships: No relationship with any other Director for both appointees.

Key Financial or Operational Approvals

Internal Auditor Appointment: Board approved appointment of Deloitte Touche Tohmatsu India LLP (LLP Identification Number AAE-8458) as Internal Auditors of the Company for FY27, effective from May 22, 2026.

Deloitte Profile: Member firm of Deloitte Touche Tohmatsu Limited providing comprehensive services including audit, assurance, tax, consulting, financial advisory, risk advisory, external audits, internal controls assessments, and specialized assurance engagements. Has 13 offices across India serving leading corporates in various sectors including Real Estate, Hospitality, Consumer, Financial Services, Technology, Media & Telecommunications, Life Sciences & Healthcare, Energy, Resources & Industrial and Government & Public Service.

Any Other Material Information

Policy Amendment: Board approved amendment to the "Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and their Immediate Relatives and Code of Fair Disclosure." The amended policy is being updated on the Company's website at https://maxestates.in/investors.

Meeting Details: Board meeting held on May 22, 2026, commenced at 17:30 hrs (IST) and concluded at 21:30 hrs (IST).

Regulatory Compliance: Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated as on January 30, 2026.