Summary of Key Information:

Reporting Period: Quarter ended June 30, 2026

Nature of Filing / Announcement: Quarterly financial results submission to stock exchanges

Audit Opinion:

Limited review report issued by statutory auditors - No qualifications or modifications noted. Clean review opinion.

Key Financial Highlights [All amounts in Rs. Lakhs]:

Consolidated Results:

Revenue from Operations: ₹5,191.13 (QoQ: +5.0% from ₹4,943.34 in Q4 FY26; YoY: -0.9% from ₹5,147.38 in Q1 FY26)

Other Income: ₹2,816.53 (QoQ: +33.1% from ₹2,115.41)

Total Income: ₹8,007.66 (QoQ: +13.4% from ₹7,058.75)

Expenses:

  • Employee benefits expense: ₹1,101.20 (QoQ: +0.2% from ₹1,099.50)
  • Finance costs: ₹1,672.81 (QoQ: +3.3% from ₹1,619.25)
  • Depreciation and amortisation: ₹817.18 (QoQ: +3.0% from ₹793.17)
  • Advertisement and Sales promotion: ₹1,981.30 (QoQ: -18.3% from ₹2,426.16)
  • Other expenses: ₹504.19 (QoQ: -46.5% from ₹942.62)

Total Expenses: ₹6,868.88 (QoQ: -10.5% from ₹7,675.92)

Profit/(Loss) before tax: ₹1,138.78 (vs. loss of ₹617.17 in Q4 FY26)

Tax expenses: ₹303.46

Profit for the period: ₹835.32 (vs. loss of ₹408.00 in Q4 FY26)

EPS: Basic ₹0.51, Diluted ₹0.51 (not annualized)

Paid up equity share capital: ₹16,349.24 (Face value ₹10 per share)

Standalone Results:

Revenue from Operations: ₹1,884.25 (QoQ: +32.6% from ₹1,421.17)

Other Income: ₹2,740.25 (QoQ: +0.2% from ₹2,734.68)

Total Income: ₹4,624.50 (QoQ: +11.3% from ₹4,155.85)

Expenses:

  • Employee benefits expense: ₹1,266.00 (QoQ: +17.1% from ₹1,080.92)
  • Finance costs: ₹292.08 (QoQ: +56.8% from ₹186.30)
  • Depreciation and amortisation: ₹181.58 (QoQ: -1.8% from ₹184.83)
  • Other expenses: ₹1,023.81 (QoQ: -0.9% from ₹1,033.46)

Total Expenses: ₹2,763.47 (QoQ: +11.2% from ₹2,485.51)

Profit before tax: ₹1,861.03 (QoQ: +11.4% from ₹1,670.34)

Tax expense: ₹647.69

Profit for the period: ₹1,213.34 (QoQ: +52.4% from ₹796.30)

EPS: Basic ₹0.74, Diluted ₹0.74 (not annualized)

Paid up equity share capital: ₹16,349.24 (Face value ₹10 per share)

Other Equity: ₹2,38,991.41

Segment-wise Performance:

The Group operates in a single reportable segment - real estate development. No additional segment disclosures required under Ind AS 108.

Corporate Actions:

ESOP Activity (Consolidated):

  • Options granted during quarter: 2,71,666
  • Shares issued against exercised options: 51,787

ESOP Activity (Standalone):

  • Options granted during quarter: 2,71,666
  • Shares issued against exercised options: 51,787
  • Shares forfeited: 564

Other Significant Information:

Subsidiaries included in consolidation: 14 entities including Max Towers Private Limited, Max Assets Services Limited, Max Square Limited, Pharmax Corporation Limited, and others.

QIP Proceeds Utilization (as of date):

  • Acquisition of land/development rights: ₹64,606.00 lakhs utilized of ₹65,000.00 lakhs
  • General corporate purpose: ₹12,957.55 lakhs fully utilized
  • Total utilized: ₹79,605.55 lakhs of ₹79,999.55 lakhs received

Warrant Allotment Details (October 29, 2024):

  • Max Ventures Investment Holding Private Limited (Promoter): 11,41,552 warrants at ₹657 each
  • Mr. Sunil Vachani (Public): 11,41,552 warrants at ₹657 each
  • Entire amount of ₹15,000 lakhs received and equity shares allotted