BSEResult3d ago · 4 Nov 2026, 09:22 pm
Please refer the enclosed intimation w.r.t. the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026.
Max Estates Ltd · 544008
✦ AI SummaryResults
Max Estates Ltd has announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The results were approved by the Board of Directors on November 4, 2026, and a Limited Review Report was issued by the Statutory Auditors.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Max Estates Ltd - 544008 - Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026
Attachments (1)
📄pdf
Download →
261a5caf-542a-4705-9890-d2408d00fe9f.pdf
View document text
November 4, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex
Dalal Street Bandra (East)
Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 544008 SYMBOL: MAXESTATES
Subject: Unaudited standalone and consolidated financial results of the Company for the
quarter and half year ended September 30, 2026
Dear Sir / Ma’am,
Please refer to our letter dated October 31, 2026, on the above subject and pursuant to Regulation
33 and other applicable provisions of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board
of Directors of the Company today i.e. November 4, 2026, inter-alia, approved the unaudited
standalone and consolidated financial results of the Company for the quarter and half year ended
September 30, 2026 and noted the Limited Review Report thereon issued by the Statutory
Auditors.
The Board meeting commenced at 1730 hours (IST) and concluded at 1938 hours (IST) today.
Thanking You,
For Max Estates Limited
Abhishek Mishra
Company Secretary & Compliance Officer
Encl: a/a
Max Estates Limited
Corporate Office: Max Towers, L-20, C-001/A/1, Sector-16B, Noida-201301, Uttar Pradesh, India, | P: +91 120-4743222
Regd. Office: Max House 1, Dr. Jha Marg, Okhla Phase 3, Opposite Okhla Railway Station, Okhla Industrial Estate, New Delhi -110020
Email : secretarial@maxestates.in | Website : www.maxestates.in | CIN: L70200DL2016PLC438718
Tel: +91124 6816000
on the Quarterly and Year to Date Unaudited Consolidated
Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended
Review Report to
The Board of Directors
Max Estates Limited
1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results ofMax Estates
Limited (the Holding Company its subsidiaries(the Holding Company and its subsidiaries together
referred to as the Group ),for the quarter ended September 30, 2026 and year to date from April 01, 2026
to September 30, 2026 Holding Company
pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015,as amended(the Listing Regulations ).
2. Managementisresponsible for the preparation of the Statement in accordance with
the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34)
amended, read
with relevant rules issued thereunder and other accounting principles generally accepted in India and in
compliance with Regulation 33of the Listing Regulations. The Statement has been approved by the Holding
Board of Directors. Our responsibility is to express a conclusion on the Statement based on our
review.
3. We conducted our reviewof the Statementin accordance with the Standard on Review Engagements(SRE)
2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity issued
by the Institute of Chartered Accountants of India.This standard requires that we plan and perform the review
to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim
financial information consists of making inquiries, primarily of persons responsible for financial and
accounting matters, and applying analytical and other review procedures. A review is substantially less in
scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable
us to obtain assurance that we would become aware of all significant matters that might be identified in an
audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with theMaster Circular issued by the Securities and Exchange
Board of Indiaunder Regulation33(8) of the Listing Regulations,to the extent applicable.
4. The Statement includes the results of the following subsidiaries:
a) Max Towers Private Limited
b) Max Assets Services Limited
c) Max Square Limited
d) Pharmax Corporation Limited
e) MaxI Limited
f) Max Estates Gurgaon Limited
g) Max Estates Noida Private Limited (formerly known as Astiki Realty Private Limited)
h) Max Estates Gurgaon two Limited
i) Max Estates 128 Private Limited
j) Acreage Builders Private Limited
k) Max Estates Noida Two Limited
l) Boulevard Projects Private Limited (w.e.f April 23, 2025)
m) Base Buildwell Private Limited (w.e.f December 26, 2025)
n) Max Estates Developers Limited
5. Based on our review conducted and procedures performed as stated in paragraph 3 aboveand based on the
consideration of the reviewreports of other auditors referred to in paragraph 6 below, nothing has come to
our attention that causes us to believe that the accompanying Statement, prepared in accordance with
recognition and measurement principles laid down in the aforesaid Indian Accounting Standards
specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued
thereunder and other accounting principles generally accepted in India, has not disclosed the information
-700 016
required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be
disclosed, or that it contains any material misstatement.
6. The accompanying Statement of unaudited consolidated financial results includes the unaudited interim
financial results and other financial information, in respect of 12 subsidiaries, whose unaudited interim
financial resultsinclude total assetsof Rs.11,86,340.21lakhsasatSeptember 30, 2026, total revenuesof Rs.
2,850.71 lakhs and Rs. 5,487.69, total net profit after tax of Rs. 247.63 lakhs and Rs. 780.57 lakhs, total
comprehensive incomeof Rs.247.45lakhsand Rs. 780.40lakhs,for the quarter ended September 30, 2026
and the period ended on that date respectively, and net cash outflowsof Rs.5,857.09lakhsfor the period from
April 01, 2026 to September 30, 2026, as considered in the Statement which have been reviewed by their
respective independent auditors.
unaudited interim financial results/ financial information of these
entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it
relates to the amounts and disclosures in respect of these subsidiaries is based solely on the report of such
auditors and procedures performed by us as stated in paragraph 3 above.
Our conclusionon the Statement in respect of matters stated in paragraph6aboveis not modified with respect
to our reliance on the work done and the reports of the other auditors.
For S.R. BATLIBOI & Co. LLP
Chartered Accountants
ICAI Firm registration number: 301003E/E300005
Nikhil Digitally signed by Nikhil Gupta
DN: cn=Nikhil Gupta, c=IN,
o=Personal
Gupta Location: Noida
Date: 2026.11.04 19:27:33 +05'30'
per Nikhil Gupta
Partner
Membership No.: 517577
UDIN: 26517577HLOXSK3135
Place: Noida
Date: November 04, 2026
MAX ESTATES LIMITED
CIN: L70200DL2016PLC438718
Corporate Office: Max Towers, L-20, C-001/A/1, Sector-16B, Noida-201301, Uttar Pradesh, India
Registered Office: Max House 1, Dr. Jha Marg, Okhla Phase 3, Opposite Okhla Railway Station, Okhla Industrial Estate, South Delhi, New Delhi, India, 110020
website: www.maxestates.in
Tel: +91 120-4743222, Email: secretarial@maxestates.in
STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS
FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026
(All amount in Rs. Lakhs, unless otherwise stated)
S.No. Particulars Quarter ended Half year ended Year ended
30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
1 Income:
(a) Revenue from operations 5 ,276.55 5,191.13 4 ,877.31 10,467.68 10,024.69 1 9,945.28
(b) Other income 2 ,656.04 2,816.53 2 ,586.18 5,472.57 5,451.70 9 ,734.80
Total Income 7 ,932.59 8,007.66 7 ,463.49 15,940.25 15,476.39 2 9,680.08
2 Expenses
(a) Cost of raw materials consumed - - - - 384.11 3 84
[Showing first 8,000 characters — download PDF for full document]