Max Estates Postal Ballot: MD Pay up to Rs 7 Crore and New Director Appointment

Board & Shareholder Meetings View source PDF

MAXESTATES · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.4%1-day move

₹443.05

prior close

₹442.00

base price

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AI summary

Max Estates has sent a Postal Ballot to shareholders. Item 1 seeks approval to pay Vice-Chairman and MD Mr. Sahil Vachani up to Rs 7 crore per year for August 2026 to July 2028 (same ceiling as earlier). He received Rs 6.87 crore in FY26 and is son-in-law of the Chairman. Item 2 seeks to appoint Ms. Jillian Leigh Moo-Young as Non-Executive Non-Independent Director, nominated by New York Life. E-voting runs June 26 to July 25, 2026.

Likely market impact

Shareholders will vote on MD pay continuity (no increase in ceiling) and on inducting a New York Life nominee as non-executive director. Voting closes July 25, 2026.