Max Estates Limited submitted the voting results of its postal ballot process to the stock exchanges. The postal ballot was conducted to seek shareholder approval for two resolutions through remote e-voting only.

The resolutions put to vote were:

1. Special Resolution: Approval for payment of remuneration to Mr. Sahil Vachani (DIN: 00761695), Vice-Chairman and Managing Director of the Company, for the remaining period of his current tenure.

2. Ordinary Resolution: Appointment of Ms. Jillian Leigh Moo-Young (DIN: 10545257) as a Non-Executive, Non-Independent Director of the Company.

The company had previously submitted the Postal Ballot Notice to the stock exchanges on June 25, 2026, following its dispatch to members. The scrutinizer for the process was Neeraj Arora (FCS No. 10781 C.P. No.: 16186), Partner of M/s Sanjay Grover & Associates (Firm Registration No. P2001DE052900), who was appointed by the Board of Directors on May 22, 2026.

Voting Process Details

  • Cut-off date for determining eligible voters: June 19, 2026
  • Postal Ballot Notice was sent to all members whose email addresses were registered with the Company, Registrar and Share Transfer Agent (Mas Services Limited), or with their respective Depositories/Depository Participants
  • Advertisements were published on June 26, 2026, in "Financial Express" (all editions) and "Jansatta" (New Delhi Edition)
  • Remote e-voting period: June 26, 2026 (9:00 AM IST) to July 25, 2026 (5:00 PM IST)
  • Voting platform: National Securities Depository Limited's website (https://www.evoting.nsdl.com/)
  • Total paid-up share capital as on cut-off date: INR 1,63,48,76,260 divided into 16,34,87,626 equity shares of INR 10 each

Voting Results

Resolution 1 - Special Resolution (Remuneration to Mr. Sahil Vachani):

  • Total valid votes: 9,29,97,780 shares (92,99,77,800 INR)
  • Votes in favor: 8,06,40,747 shares (86.7126%)
  • Votes against: 1,23,57,033 shares (13.2874%)
  • 266 shareholders participated in e-voting

Resolution 2 - Ordinary Resolution (Appointment of Ms. Jillian Moo-Young):

  • Total valid votes: 9,29,97,780 shares (92,99,77,800 INR)
  • Votes in favor: 9,15,73,925 shares (98.4689%)
  • Votes against: 14,23,855 shares (1.5311%)
  • 266 shareholders participated in e-voting

Category-wise Voting Breakdown

Resolution 1 - Promoter & Promoter Group:

  • Shares held: 7,39,95,231
  • Votes polled: 7,03,45,173 shares (95.0672% of holdings)
  • 100% votes in favor

Resolution 1 - Public Institutions:

  • Shares held: 5,56,09,972
  • Votes polled: 2,07,39,203 shares (37.2940% of holdings)
  • 40.4272% in favor, 59.5728% against

Resolution 1 - Public Non-Institutions:

  • Shares held: 3,38,82,423
  • Votes polled: 19,13,404 shares (5.6472% of holdings)
  • 99.8903% in favor, 0.1097% against

Resolution 2 - Promoter & Promoter Group:

  • 100% votes in favor of appointment

Resolution 2 - Public Institutions:

  • 93.1401% in favor, 6.8599% against

Resolution 2 - Public Non-Institutions:

  • 99.9387% in favor, 0.0613% against

Both resolutions were deemed passed on July 25, 2026, being the last date of remote e-voting. The scrutinizer's report and e-voting results in prescribed format were submitted to the stock exchanges in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The documents were also made available on the company's website (www.maxestates.in).

The remote e-voting was unblocked on July 25, 2026, after 5:00 PM IST in the presence of two witnesses: Mr. Harshit Saxena and Mr. Vipin Dhameja, who are not in the employment of the company.