Meeting Details

The EGM of Max Estates Limited was convened and held on Thursday, September 24, 2026 through Video Conferencing (VC). The meeting commenced at 1230 hours (IST) and concluded at 1314 hours (IST).

Summary of Proposed Resolutions and Implications

The EGM was convened to seek shareholder approval for two items of Special Business:

  • Item 1 (Ordinary Resolution): Approval of Material Related Party Transactions in connection with the Proposed Acquisition of the Securities held in the Land Owning Companies. The proposed transaction involves the acquisition by the Company of 100% ownership, on a fully diluted basis, in nine land-owning companies. These companies collectively hold approximately 84.7 acres of land situated in Sector 3, Najafgarh, Delhi.
  • Item 2 (Special Resolution): Approval for Preferential Issue of Equity Shares for Consideration Other Than Cash (Share Swap).

Voting Process and Methods Used

The voting process was conducted in two phases:

1. Remote E-Voting: The facility was provided to members from Monday, September 21, 2026 at 0900 hours (IST) to Wednesday, September 23, 2026 at 1700 hours (IST).

2. E-Voting During EGM: Members who had not cast their votes via remote e-voting and were present at the EGM through VC were provided the facility to cast their votes during the meeting.

The requirement to propose and second the resolutions was not applicable as they were already put to a vote.

Key Voting Outcomes

The document states that the results of the voting were to be announced within two working days of the conclusion of the EGM. The specific results, including total votes cast and category-wise breakdowns, are not provided in this proceeding summary and are pending announcement.

Scrutinizer's Role

This proceeding summary does not mention the appointment or findings of a Scrutinizer for the vote. The announcement of results is to be made by the company.

Compliance Confirmation

The meeting was conducted in compliance with applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI) for holding EGMs through VC without the physical presence of members.

Other Information

The Chairman of the meeting was Mr. Analjit Singh. Directors, Key Managerial Personnel, the authorized chairperson of the Nomination and Remuneration Committee, a member of the Audit Committee and the Stakeholders Relationship Committee, and representatives of the Statutory Auditors and the Secretarial Auditor were in attendance. The results, once finalized, will be displayed at the Registered and Corporate Offices of the Company, placed on the Company's website (www.maxestates.in) and the website of NSDL, and communicated to BSE Limited and The National Stock Exchange of India Limited.