Please refer the enclosed Investor Presentation.

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 Sub.: Investor Presentation Dear Sir/ Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in continuation of our intimation dated November 2, 2026, for schedule of the Earning Conference Call, please find enclosed the Investor Presentation. The same shall also be available on the website of the Company www.maxestates.in. 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 Investor Presentation An overview of Max Estates’ journey Q2 FY27 · November 2026 MAX ESTATES LIMITED · NSE | BSE · CIN: L70200DL2016PLC438718 MAX ESTATES LIMITED · Q2 FY27 · NOVEMBER 2026 Contents 01 About Max Estates 02 Operating performance 03 Portfolio, projects and growth 04 Pillars of sustainable growth 05 Financial performance A premium NCR residential and commercial playercombining premium pricing, diversified earnings streams and disciplined 06 Experience WorkWell and LiveWell capital allocation to deliver resilient, visible growth. www.maxestates.in About Max Estates MAX ESTATES LIMITED · Q2 FY27 · November 2026 WHAT WE DO, AND WHY Our purpose is to enhance quality of life through the spaces we create Bringing real well-being to real estate A thoughtful coming together of design, nature, community and well-being, shaping spaces where people can truly LiveWell, WorkWelland PlayWell. Our values Sevabhav Excellence Credibility Pillars of Well-Being Where form Where people Where architecture Where life feels Where impact aligns meets function find belonging breathes with nature richer, for longer with intention MULTIPLE MICRO-MARKETS · DIVERSE OFFERINGS · DISTINCT BUYERS Focused on NCR. Diversified within it. 01 WHERE WE ARE 02 WHAT WE BUILD Rooted across Two ways we build Delhi NCR Present across Delhi, Gurugram WorkWell · Commercial LiveWell · Residential and Noida, with Ghaziabad Build to Lease Build to Sell signed next Offices held for long-term rental income Homes we build and sell, for every stage of life 03 FOR EVERY BUYER Premium offices Ultra-luxury Luxury Senior living, Millennial 100% and retail residences residences with Antara residences occupied Experience-led, assisted Large-format, Premium For later life, For young by Max Asset Services top-end homes homes care built in professionals OUR PHILOSOPHY PRICED FOR EVERY BUDGET Bringing real well-being ₹3.5 Cr – ₹35 Cr Residential price Delhi Gurugram to real estate range per home Noida Ghaziabad · signed Occupancy across completed commercial assets. Ghaziabad: JDA MoU signed. Map is schematic, not to scale. WHERE WE OPERATE 25.9 mn sq. ft. across multiple asset classes in Delhi NCR PORTFOLIO GROWTH WorkWell Commercial 4.2mn sq. ft. 2.2x Total portfolio since FY24 12→ 25.9mnsq. ft. 25.9 Max Towers Max Square Max House Max District Max Square Two Noida Noida Delhi Gurugram Noida 18.4 11.1 LiveWell Residential 10.6mn sq. ft. 17.1 12.0 5.1 Representative Representative Estate 128 Estate 360 Estate 361 Estate 59 Ghaziabad 10.6 7.8 7.8 9.1 Noida Gurugram Gurugram Gurugram LiveWell+ WorkWell Mixed use: leisure, retail, culture 11.1mnsq. ft. 4.2 4.2 4.2 4.2 FY24 FY25 FY26 H1 FY27 WorkWell LiveWell Mixed Use Representative Max One Estate 105 Delhi Noida Noida Portfolio comprises operational, under-construction and to-be-launched projects. Images are artistic renditions except for operational assets; Estate 59, Ghaziabad and Delhi use a representative image. 6 THE EQUITY STORY Built for resilient growth LiveWell excellence WorkWell leadership Financial discipline Execution capability 701units / 521 units 25 –35% New York Life ~₹1,500+ Cr FY26 pre-sales / H1 FY27 pre-sales Commercial rental premium to Partnership across key developments Planned construction spend in FY27 respective micro-markets ₹5,305 Cr / ₹3,184 Cr 100% ₹219 Cr netdebt FY 2028 FY26 pre-sales / H1 FY27 pre-sales Occupancy across completed Majorly towards lease rental discounting On-track completion of Estate 128 commercial portfolio ₹29,000+ Cr ~₹700+ Cr1 ₹1,578 Cr / ₹1,051 Cr In-house execution Residential & mixed-use GDV pipeline Peak annuity income potential over the Collections in FY26 (up 61% YoY) / No turnkey contracting; in-house PMC, from Q3 FY27 next 5years Collections in H1 FY27 quality & OEM procurement 2 mn sq. ft. 1 mn sq. ft. ₹1,898Cr 25.9 mn sq. ft. Aspiring to acquire each year for Aspiring to acquire each year for Gross cash balance Existing portfolio and growing at 3 mn residential developments commercial developments sq. ft. each year 1 – out of this 51% is owned by Max Estates and 49% by New York Life STRATEGIC PARTNERSHIP New York Life – A Partnership Built on 25 Years of Trust Founded in 1845; the largest mutual Max New York Life JV in 2001; re-invested life insurer in the U.S. with Max’s entry into real estate PARTNERS SINCE 2001 ~₹1,800 Cr 7 rounds 8x Exclusive committed to date of capital since 2017 growth in cumulative commitment India real estate partner Cumulative commitment (₹ Cr) Invested amount (₹ Cr) LATEST 1,770 220 306 1,619 290 329 436 2017 & 2019 2019 2022 2023 2025 Invested ~₹220 Cr for ~23% of Committed ~₹86 Cr for Committed ~₹196 Cr for Committed ~₹290 Cr Invested ₹392 Cr for 49% of Max Max Ventures (now Max Estates) 49% of Max Square 49% of Max Square Two for 49% of Max District Towers & House; MoU for Max One & Estate 105 Operating performance MAX ESTATES LIMITED · Q2 FY27 · November 2026 RESIDENTIAL · PRE-SALES AND REALISATION Consistent ₹5,000 Cr+ pre-sales, delivered at a rising realisation PRE-SALES / BOOKING VALUE (₹ Cr) FY24 – FY26 CAGR:70% PRICE REALISATION (₹ per sq. ft.) FY24 – H1 FY27 CAGR:11% 23,789 23,775 5,321 5,305 20,323 18,410 3,184 1,841 FY24 FY25 FY26 H1 FY27 FY24 FY25 FY26 H1 FY27 201 units 853 units 701 units¹ 521units ₹2,092 Cr ₹24,704 / sq. ft. ₹29,000+ Cr Strong Sustenance Q2 FY27 pre-sales Q2 FY27 price-realisation Total GDV pipeline Estate 361 pre-sales ~14x growth YoY (₹156Cr in Q2 FY26) Up from ₹18,410 / sq. ft. in FY24 Set to fuel growth from Q3 FY27 onwards ₹1,747 Cr in H1 FY27, reflecting sustained demand FY26 pre-sales include ₹1,221 Cr / 218 units recognisedpost receipt of RERA, which was done by the erstwhile developer. RESIDENTIAL · COLLECTIONS AND COLLECTION QUALITY Collections efficiency and cancellation testament to quality of sales COLLECTIONS (₹ Cr) COLLECTION EFFICIENCY (₹ Cr) ₹560 Cr Q2 FY27 collections 2x YoY Estate 128 Estate 360 Estate 361 Max One Estate 105 H1 FY27: ₹1,051 Cr Billed till date 1298 2024 513 259 403 Collected till date 1141 1884 484 188 365 1,578 % efficiency 88% 93% 94% 73% 91% 1,051 CANCELLATIONS — POST 10% Estate 128 Estate 360 Estate 361 Max One Estate 105 Number of units Nil 17 5 Nil Nil FY24 FY25 FY26 H1 FY27 Value (₹ Cr) Nil 105 34 Nil Nil +61% Year-on-year collections growth, Cancellations remain immaterial: 22units and ₹139Cr across the launched portfolio, concentrated at 20–25% of sales value (FY25 – FY26) in Estate 360 and Estate 361. CONSOLIDATED RESIDENTIAL POSITION ₹15,652 Cr of the ₹18,760 Cr launched book is sold, with ₹29,058 Cr balance pipeline PRE-SALES BOOKING VALUE (₹ Cr) Launched —18,760 4,063 11,588 3,108 25,950 Collected Sold, to be collected Unsold To be launched Sold —15,652(83% of launched) Balance pipeline —29,058 OPERATING CASH FLOW OF LAUNCHED PROJECTS (₹ Cr) Particulars Residential Mixed use¹ Particulars Residential Mixed use¹ E [Showing first 8,000 characters — download PDF for full document]