Max Estates Limited has informed the Exchange regarding the dispatch of Notice of Postal Ballot dated February 6, 2026
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Awaiting price reaction for this filing.
Max Estates Limited has sent out a Postal Ballot Notice to shareholders on February 20, 2026, seeking approval through remote e-voting (from February 21 to March 22, 2026). Four items are on the ballot: (1) increasing the existing FY26 related party transaction limit between subsidiary Max Estates Gurgaon Limited (MEGL) and Antara Senior Living Limited (ASLL, a Max India subsidiary) from INR 35 Crores to INR 40 Crores due to better-than-expected project cash flows, (2) and (3) approving material related party transactions between ASLL and MEGL/MEGL2, and (4) approving INR 3 Crore annual compensation for Non-Executive Chairman Mr. Analjit Singh for FY27. The common promoter group controls both Max Estates (44.56% stake) and Max India (49.89% stake), making ASLL and MEGL related parties. ASLL reported FY25 turnover of INR 22.31 Crores with a loss of INR 16.96 Crores, and INR 8.92 Crores of the existing INR 35 Crore FY26 limit had been used as of December 31, 2025.
For retail shareholders, the vote results will determine whether the company can raise its intra-group transaction limit by INR 5 Crores for the ongoing senior living project and pay INR 3 Crore to the Chairman for FY27. These are mostly governance and routine related-party items rather than major strategic shifts, so stock price impact is likely limited unless shareholders raise objections.