Max estates Limited has announced the allotment of 4,869 equity shares under its Employee Stock Option Plan 2023 (ESOP Plan) on April 2, 2026. The allotment was approved by the company's Nomination and Remuneration Committee and represents the exercise of stock options by eligible option holders.

ESOP Allotment Details

The allotment comprises equity shares with specific parameters that impact the company's capital structure:

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital. The capital structure changes are detailed below:

The allotment represents the exercise of stock options by employees under the company's ESOP framework, which allows eligible employees to acquire equity shares at predetermined terms.

Regulatory Compliance

Max Estates Limited disclosed this allotment in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company formally notified both major stock exchanges about this corporate action:

• BSE Limited (Scrip Code: 544008)
• The National Stock Exchange of India Limited (Symbol: MAXESTATES)

The disclosure was signed by Abhishek Mishra, Company Secretary & Compliance Officer, ensuring proper regulatory adherence and transparency in corporate communications.

Max Estates Limited has successfully concluded its postal ballot process, with shareholders approving all four proposed resolutions through remote e-voting. The results were announced on March 23, 2026, following the completion of the voting period and scrutinization by appointed scrutinizer Kapil Dev Taneja from Sanjay Grover & Associates.

Voting Process and Participation

The postal ballot notice was issued on February 6, 2026, with the remote e-voting period commencing on February 21, 2026, at 9:00 a.m. and concluding on March 22, 2026, at 5:00 p.m. The company had 31,839 total shareholders as of the cut-off date of February 13, 2026, with a total paid-up share capital of INR 1,63,44,54,830 divided into 16,34,45,483 equity shares of INR 10 each.

Resolution Results Overview

All four resolutions received strong shareholder support, with the related party transaction approvals achieving near-unanimous backing:

Related Party Transaction Approvals

The first three resolutions, all ordinary resolutions related to material related party transactions involving Antara Senior Living Limited, received overwhelming support from shareholders. Each resolution garnered over 99.96% approval, with minimal dissent ranging from 8,036 to 8,044 votes against. These approvals enable the company to proceed with planned business transactions between its subsidiaries and Antara Senior Living Limited.

Chairman Compensation Resolution

The special resolution for approving compensation payment to Mr. Analjit Singh, Non-executive Chairman for Financial Year 2027, received 81.37% approval with 7,71,92,719 votes in favour and 1,76,73,684 votes against. This resolution required a higher threshold as a special resolution and attracted more diverse voting patterns across different shareholder categories.

Shareholder Category Participation

The voting results revealed varying participation levels across shareholder categories:

Notably, promoter and promoter group shareholders abstained from voting on the related party transaction resolutions due to their interest in these matters, while participating significantly in the chairman compensation resolution with 93.52% of their shares voted.

Compliance and Documentation

The postal ballot process was conducted in full compliance with the Companies Act, 2013, SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and various MCA circulars. The scrutinizer's report confirmed that all procedural requirements were met, including proper notice dispatch, advertisement publication in Financial Express and Jansatta newspapers on February 21, 2026, and secure e-voting platform management through NSDL.

The company has confirmed that all approved resolutions are now deemed passed as of March 22, 2026, and the relevant documents will be made available on the company's website at www.maxestates.in .