Max Estates Limited has submitted the Exchange a copy of Srutinizers report and Voting Results of Postal Ballot.
MAXESTATES · price
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Awaiting price reaction for this filing.
Max Estates Limited has submitted the voting results of a postal ballot that sought shareholder approval for material related party transactions between Antara Senior Living Limited and Max Estates Gurgaon Two Limited. The e-voting period ran from June 11, 2025 to July 10, 2025, with the cut-off date being June 6, 2025. Out of 2,19,80,293 valid votes polled, an overwhelming 2,18,12,795 shares (99.24%) voted in favour of the resolution, while only 1,67,498 shares (0.76%) dissented. The promoter and promoter group are noted as interested in the resolution, but public institutional and non-institutional shareholders also voted strongly in favour. The resolution has been deemed passed with the requisite majority as of July 10, 2025.
This is a routine regulatory compliance filing confirming shareholder approval for an inter-group related party transaction. With nearly 99% approval, the resolution sailed through comfortably, indicating strong shareholder confidence. No material impact on stock price is expected from this procedural disclosure.