Max estates Limited has issued an additional corporate guarantee of ₹50 crores to Catalyst Trusteeship Limited on February 4, 2026, as disclosed in its regulatory filing to the stock exchanges. This latest guarantee supplements an earlier corporate guarantee of ₹200 crores issued in April 2025, bringing the company's total guarantee obligation to ₹250 crores.

Corporate Guarantee Details

The guarantee has been provided to secure loan facilities for Max Square Limited, a subsidiary of Max Estates Limited. The financing arrangement involves two major lenders who have sanctioned substantial amounts for the subsidiary's commercial project.

Loan Facility Structure

Max Square Limited has received sanction from ICICI Bank Limited and Yes Bank Limited for financing its commercial project development. The loan structure demonstrates the scale of the subsidiary's development activities in the National Capital Region.

Transaction Classification and Impact

The company has classified this transaction as a related party transaction executed on an arm's length basis, given that Max Square Limited is a subsidiary of Max Estates Limited. The corporate guarantee will remain in force until the secured obligations of Max Square Limited are fully paid and discharged by the lenders.

Financial Implications

Max Estates Limited has clarified that the corporate guarantee represents a contingent liability for the company and will not impact its consolidated debt position. This disclosure ensures transparency regarding the company's financial commitments and potential obligations related to its subsidiary's operations.

The guarantee structure supports the funding requirements for the balance cost of construction and development of the commercial project located in Sector 129, Noida, demonstrating the company's commitment to supporting its subsidiary's growth initiatives in the real estate sector.

Max estates has received an upgraded ESG (Environmental, Social, and Governance) rating for FY2024-25, marking an improvement in its sustainability and governance performance metrics. The real estate developer announced this development to stock exchanges on January 12, 2026, in compliance with regulatory disclosure requirements.

ESG Rating Enhancement

SES ESG Research Private Limited, a SEBI registered ESG Rating Provider, has revised Max Estates' ESG rating upward for the current fiscal year. The rating improvement reflects the company's enhanced performance across environmental, social, and governance parameters.

Rating Methodology and Independence

The ESG rating was assigned independently by SES ESG Research Private Limited without any direct engagement from Max Estates. Key aspects of the rating process include:

• Voluntary Assessment: The rating provider voluntarily assigned the ESG rating based on publicly available information
• Independent Evaluation: Max Estates did not engage SES ESG Research for this rating assessment
• Public Data Analysis: The rating is derived from data available in the public domain
• SEBI Registration: SES ESG Research Private Limited operates as a SEBI registered ESG Rating Provider

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations by informing both major stock exchanges about this development. The disclosure was made to:

• BSE Limited: Communicated under scrip code 544008
• National Stock Exchange: Notified under symbol MAXESTATES
• Timing: January 12, 2026, at 12:22 Hours (IST)
• Regulatory Framework: Disclosed under Regulation 30 requirements

The ESG rating report is also available on stock exchanges, disseminated by SES ESG Research Private Limited in accordance with SEBI circular SEBI/HO/DDHS/DDHS-PoD-2/P/CIR/2025/59 dated April 29, 2025. This upgrade in ESG rating demonstrates Max Estates' continued focus on sustainable business practices and corporate governance standards.