Max Estates Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
MAXESTATES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Max Estates Limited has submitted the results of a postal ballot conducted via remote e-voting from February 21 to March 22, 2026. Shareholders approved all four resolutions, including three ordinary resolutions on material related party transactions (RPTs) involving Max Estates Gurgaon Limited, Max Estates Gurgaon Two Limited, and Antara Senior Living Limited for FY26, each passing with 99.97% in favour. A special resolution to pay compensation to Mr. Analjit Singh, Non-executive Chairman, for FY27 also passed, but with notably lower support of 81.37% in favour and 18.63% against. Promoter group voted in favour of all resolutions, while public institutions voted 88.86% against the chairman's compensation resolution, indicating institutional dissent on this specific item. Total paid-up equity capital as on cut-off date stood at 16,34,45,483 shares of ₹10 each, with 31,839 shareholders on record.
All resolutions were approved, clearing the way for the related party transactions and the chairman's compensation. However, the strong institutional opposition to Mr. Analjit Singh's compensation (18.6% dissent, driven by public institutions) signals some investor discomfort with executive pay, which investors may flag in future engagements.