Max Estates Limited has confirmed full compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations for the financial year ended March 31, 2026. The company disclosed this in a secretarial compliance report submitted to the stock exchanges on May 29, 2026. The certification, issued by M/s. Sanjay Grover & Associates, Company Secretaries, validates the company's adherence to regulatory requirements during the review period.

The audit examined the company's documents, records, and filings made to the stock exchanges, as well as its website. Kapil Dev Taneja, Partner at Sanjay Grover & Associates, certified that the listed entity complied with the provisions of the SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, and various SEBI regulations, including those related to insider trading, share-based employee benefits, and issue of capital.

Compliance Status

The report confirmed that there were no deviations from the compliance requirements specified in the regulations. Furthermore, the company had no pending observations from previous reports that required remedial action. The auditor verified that all applicable policies under SEBI Regulations were adopted by the board and updated timely.

Regulatory Actions and Disclosures

The certification explicitly stated that no actions were taken against Max Estates Limited , its promoters, directors, or subsidiaries by SEBI or the stock exchanges during the financial year. The report also confirmed that there were no instances of resignation by statutory auditors of the company or its material subsidiaries during the review period.

The company confirmed that it provided all required disclosures under Regulation 30 of the SEBI LODR Regulations within the prescribed time limits. Additionally, the report noted compliance with the requirements for disclosing employee benefit scheme documents as mandated under Regulation 46(2)(za) of the SEBI LODR Regulations.

Max Estates has announced its audited financial results for the financial year 2026, reporting robust operational performance. The company delivered pre-sales of INR 5,305 crore in FY26, marking the second consecutive year of surpassing the INR 5,000 crore mark. The fourth quarter was a significant contributor, with Q4FY26 pre-sales accounting for approximately INR 3,392 crore. Driven by strong momentum in Noida, Estate 105 alone clocked pre-sales of around INR 1,783 crore within 10 days of its launch in March 2026.

Financial Performance

Consolidated revenue for FY26 stood at INR 199 crore, a growth of 24% year-on-year. The company reported a Profit After Tax (PAT) of INR 15 crore and a Profit Before Tax (PBT) of INR 23 crore. On the operational front, collections grew by 61% year-on-year to reach INR 1,578 crore. The company’s lease rental income from its operational assets increased by 40% YoY to INR 154 crore. Debt as on March 2026 stood at INR 1,855 crore, while cash and cash equivalents were INR 1,758 crore, resulting in a net debt of INR 97 crore.

Operational Metrics

The company achieved a peak annuity income potential of over INR 700 crore across its commercial portfolio. The total Gross Development Value (GDV) pipeline stands at approximately INR 17,200 crore. During the year, the company secured development rights on a prime 7.25-acre land parcel in Sector 59, Gurugram, with a GDV of INR 3,900+ crore. Max Estates has outlined a planned construction spend of over INR 1,500 crore across active residential and commercial projects in FY27.

Commercial Leasing

Max Estates secured significant pre-leasing commitments during the period. At Max District in Gurugram, 200,000 sq. ft. was pre-leased at a 35% premium to the micro-market, locking in rentals of INR 270 crore over three years. Additionally, 86,000 sq. ft. was pre-leased at Max Square Two in Noida at a 25% premium, securing rentals of INR 95 crore over two years. The commercial portfolio remains at 100% occupancy.