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

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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.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10

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Max Estates Ltd - 544008 - Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026

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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]