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 .

Max Estates has officially launched Estate 105, a movement-first residential community in Sector 105, Noida, marking a significant milestone in the company's residential development portfolio. The project introduces innovative movement-centric living concepts to Delhi NCR with a substantial investment backing and comprehensive amenities ecosystem.

Project Specifications and Location

Estate 105 is strategically positioned in Sector 105, Noida, along the Noida-Greater Noida Expressway with seamless connectivity to DND Flyway. The development spans approximately 10.33 acres and features a low-density residential community designed around movement and well-being principles.

Design Philosophy and Features

The project emphasizes movement-first living with 2.5 acres of car-free biophilic landscape and unique elevated infrastructure. Estate 105 features one of its kind elevated walkway in Delhi NCR, including an elevated jogging track that loops around the estate, providing dedicated pedestrian access connecting the entire campus.

Comprehensive Amenities Ecosystem

Estate 105 offers an integrated sports ecosystem designed to make active living intuitive for all ages. The sports block includes rock climbing wall, padel tennis courts, squash courts, indoor badminton court, pickleball court, and nature-led playgrounds. The development will feature 'The Hub', a community clubhouse with all-weather indoor pool, gym, spa, restaurant, sports bar, and recovery and wellness amenities.

Management Commentary

Sahil Vachani, Vice Chairman & Managing Director of Max Estates, emphasized the project's focus on movement and well-being: "In our busy lives, we often forget to pause and remember that movement is key to our wellbeing and perhaps the most meaningful luxury of all. Estate 105 is anchored in the belief of our LiveWell philosophy, where design goes beyond aesthetics to actively shape how people live."

Company Portfolio Expansion

Estate 105 represents another milestone in Max Estates' growing residential portfolio under its LiveWell philosophy. The company previously launched Estate 128 in Sector 128, Noida, also located on the Noida-Greater Noida Expressway. Established in 2016, Max Estates has developed a diversified portfolio across commercial and residential asset classes in Delhi NCR, partnering with New York Life Insurance Company.