Max Estates Limited has informed the Exchange regarding the resignation of Mr. Rishi Raj, Chief Operating Officer (Senior Management Personnel) of the Company w.e.f. September 30, 2025.
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Mr. Rishi Raj, Chief Operating Officer of Max Estates Limited, has resigned from his position effective from the close of business hours on September 30, 2025. The resignation letter was dated July 31, 2025, and cites his decision to pursue an alternate growth opportunity that better fits his professional aspirations. The company has placed on record its appreciation for his services and contributions. The disclosure was made under SEBI Listing Regulations, with details provided in Annexure A.
The exit of the COO, a senior management personnel, may raise short-term concerns about leadership continuity in operations. However, the resignation appears planned with a two-month notice period, and the company has acknowledged his contributions, suggesting an orderly transition.