Max Estates Limited has initiated the remote e-voting process for its postal ballot to seek shareholder approval for the remuneration of its Vice-Chairman and Managing Director, Mr. Sahil Vachani, and the appointment of a new director. The voting facility, provided by National Securities Depository Limited (NSDL), opened on June 26, 2026, at 9:00 a.m. IST and will close on July 25, 2026, at 5:00 p.m. IST. The cut-off date for determining voting rights is June 19, 2026.

The company proposes an annual gross compensation not exceeding ₹7 crore for Mr. Vachani for the remaining period of his current tenure, spanning from August 1, 2026, to July 31, 2028. The resolution also seeks approval for remuneration that may exceed ₹5 crore or 2.5 per cent of the net profits, whichever is higher, and ensures he receives minimum remuneration even in years of inadequate profits. The remuneration structure includes fixed pay, variable pay ranging from 0-65% of annual fixed pay, and long-term incentives determined by the Nomination and Remuneration Committee.

In a separate resolution, the company seeks approval to appoint Ms. Jillian Leigh Moo-Young as a Non-Executive, Non-Independent Director. She was nominated by New York Life International Holdings Ltd. (NYLIH) to replace Mr. Anthony Ramsey Malloy, who resigned effective May 22, 2026. Ms. Moo-Young, who has over 33 years of experience in investment management, was appointed as an Additional Director on May 22, 2026, subject to shareholder approval.

Voting Schedule and Process

The remote e-voting module will be disabled by NSDL after the closing time. Physical copies of the notice have not been dispatched in compliance with Ministry of Corporate Affairs circulars. Shareholders whose email IDs are not registered with the depositories must register them to procure a user ID and password for e-voting. The result of the postal ballot will be declared by the Chairman or an authorized person on or before July 28, 2026.

Financial Performance

Max Estates emerged among the top 10 listed real estate developers in India by pre-sales in FY25 and FY26, with residential pre-sales exceeding ₹5,300 crore in each year.

Max Estates Limited has scheduled a non-deal roadshow (NDR) to engage with analysts and institutional investors on June 18, 2026. The meeting aims to discuss the company's performance and outlook based on publicly available information, ensuring no unpublished price-sensitive information is shared during the session.

The event is organized by Motilal Oswal Financial Services Ltd. and will feature one-on-one meetings with company officials. The roadshow is part of the company's routine investor relations activities under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.

The details of the meeting are as follows:

Max Estates noted that changes to the schedule may occur due to exigencies on the part of the participants or the company. The disclosure was submitted to BSE Limited and The National Stock Exchange of India Limited for compliance purposes.