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 Limited submitted the audio recording of its earnings conference call to the stock exchanges on May 26, 2026. The call, held at 11:00 A.M. IST, discussed the company's financial performance for the quarter and financial year ended March 31, 2026. This submission was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following an earlier intimation regarding the schedule of the call.

The company had previously reported its audited standalone and consolidated financial results for the period. For the full year, consolidated net profit declined by approximately 41% to Rs 1,569.26 crore, compared to Rs 2,643.01 crore in the previous year. The board of directors approved these financial results during a meeting held on May 22, 2026.

Q4 Financial Performance

The quarterly results highlighted a significant deterioration in profitability, with the company swinging to a net loss. Revenue from operations for the quarter increased to Rs 4,943.34 lakh from Rs 3,978.35 lakh in the same quarter of the previous year. However, total expenses rose to Rs 7,675.92 lakh, leading to a loss before tax of Rs 617.17 lakh.

Full-Year Consolidated Results

For the full financial year ended March 31, 2026, Max Estates reported consolidated total income of Rs 29,680.08 crore, compared to Rs 24,967.26 crore in the previous year. Basic earnings per share on a consolidated basis decreased to Rs 0.97 from Rs 1.70 in the previous year.

Standalone Performance

On a standalone basis, Max Estates reported a profit after tax of Rs 6,359.70 crore for FY26, compared to Rs 28,090.14 crore in FY25, with standalone total income for the year at Rs 18,226.52 crore. The company's total assets as of March 31, 2026, stood at Rs 1,243,720.40 crore, up from Rs 724,605.42 crore in the previous year. The statutory auditors issued an unmodified opinion on the financial results.