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.

Max estates Limited has announced additional investments in its subsidiary Max Estates Noida Private Limited (MENPL) through convertible debenture subscriptions by both the company and its strategic partner New York Life Insurance Company (NYL). The transaction, completed on January 9, 2026, represents a significant capital infusion into the subsidiary.

Investment Details

The additional subscription involves Series I 10% coupon unsecured compulsory convertible debentures of MENPL, with both investors participating in the funding round.

Strategic Partnership Background

This latest investment builds upon the existing partnership between Max Estates and NYL. The companies had previously executed a binding Memorandum of Understanding on March 27, 2025, establishing the framework for NYL's investment in MENPL. In July 2025, both parties had committed to subscribing 45,03,00,000 Series I convertible debentures for an aggregate consideration of ₹450.30 crores.

Regulatory Compliance

Max Estates has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company confirmed that information required under SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, was previously submitted to stock exchanges on March 27, 2025.

Transaction Timeline

The additional debenture subscription was completed on January 9, 2026, at 20:35 Hours IST, marking another milestone in the ongoing partnership between Max Estates and New York Life Insurance Company. This continued investment demonstrates both parties' commitment to expanding MENPL's operations and capitalizing on growth opportunities in the real estate sector.

The convertible nature of these debentures provides flexibility for future equity participation, while the 10% coupon rate offers attractive returns during the debenture period. This structure aligns the interests of both strategic and financial investors in MENPL's long-term success.