Max Estates Limited has announced exceptional pre-sales performance for FY26, achieving total pre-sales of Rs 5,305 crore. This marks the second consecutive year the company has surpassed Rs 5,000 crore in pre-sales, establishing its position as a leading end-user-centric developer in the National Capital Region.

Strong Fourth Quarter Performance

The fourth quarter emerged as a standout period, contributing Rs 3,392 crore to the company's total annual pre-sales. This substantial quarterly performance demonstrates Max Estates' ability to execute successful project launches and capitalize on market opportunities during the fiscal year.

Project-wise Performance Analysis

Estate 105, Noida

The company's Estate 105 project in Noida achieved remarkable success, recording pre-sales of Rs 1,783 crore within just 10 days of its March 20, 2026 launch. Positioned as Delhi NCR's movement-first residential community, the project has a total first-phase Gross Development Value of Rs 3,000 crore on a 10.33-acre development.

Estate 361, Gurugram

Launched in December 2025, Estate 361 generated pre-sales of Rs 1,704 crore. The project, India's first forest-anchored intergenerational residential community in Sector 36A, Gurugram, achieved an average realization of Rs 22,000 per sq. ft., representing a significant premium to the micro-market.

Max One, Noida

Max One contributed Rs 1,415 crore to FY26 pre-sales following its RERA approval on March 7, 2026. This includes Rs 1,221 crore of pre-sales recognized post-RERA receipt from the erstwhile developer, representing the revival of the long-stalled 'Delhi One' project.

Financial Position and Future Outlook

Max Estates maintains a strong balance sheet with total debt of Rs 1,859 crore, including Land Revenue Department dues of Rs 968 crore, and cash & cash equivalents of Rs 1,685 crore as of March 2026. The company achieved collections of Rs 1,578 crore during FY26.

Looking ahead, Max Estates has established a robust GDV pipeline of over Rs 16,000 crore to fuel growth from FY27 onwards. The company aspires to add 2 million sq. ft. in the residential segment and 1 million sq. ft. in the commercial segment annually. The commercial portfolio remains 100% leased with Rs 150+ crore annual rental income.

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.