General Updates

August 12, 2026 BSE Limited The 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: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and the applicable provisions of the SEBI Master Circular no. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 ("SEBI Master Circular"), we wish to inform you that Max Square Limited ("MSL"), a subsidiary of the Company, has on August 11, 2026, allotted an aggregate of 8,75,09,608 fully paid-up Equity Shares of face value of INR 10 each, pursuant to conversion of the outstanding Series A and Series B Compulsorily Convertible Debentures ("CCDs") in the ratio of one Equity Share for every one CCD, as detailed below: Sr. Name of Allottee CCDs Converted No. of Equity Shares No. Allotted 1. Max Estates Limited 4,46,30,000 Series A 4,46,30,000 CCDs 2. New York Life Insurance Company 4,28,79,608 Series B 4,28,79,608 CCDs Total 8,75,09,608 8,75,09,608 Consequent to the aforesaid allotment, the Company has acquired 4,46,30,000 additional Equity Shares of MSL pursuant to conversion of the Series A CCDs held by it. Accordingly, the Company's equity shareholding in MSL has increased from 11,09,30,000 Equity Shares to 15,55,60,000 Equity Shares. However, the Company's percentage shareholding in MSL continues to remain approximately 51%, and there is no change in control of MSL, which continues to remain a subsidiary of the Company. The details as required under Regulation 30 of the Listing Regulations read with the SEBI Master Circular are enclosed herewith as Annexure A. The date and time of occurrence of the event is August 12, 2026, at 14:24 Hrs. (IST). 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 You are requested to take the aforesaid on record. Thanking you, Yours faithfully, For Max Estates Limited Abhishek Mishra Company Secretary & Compliance Officer 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 Annexure A Disclosure pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations and SEBI Master Circular dated January 30, 2026 Sr. Particulars Details 1. Name of the target entity, details Max Square Limited ("MSL"), is an existing subsidiary of in brief such as size, turnover etc. Max Estates Limited. Paid-up Equity Share Capital Prior to conversion: INR 217.51 Crore comprising 21,75,09,608 Equity Shares of INR 10 each. Post conversion: INR 305.02 Crore comprising 30,50,19,216 Equity Shares of INR 10 each. Turnover for FY 2025-26: INR 57.69 Crore. Total Assets as at March 31, 2026: INR 1,104.82 Crore. 2. Whether the acquisition would Yes, MSL is a subsidiary and a related party of the fall within related party Company. The acquisition arises pursuant to conversion transaction(s) and whether the of the Series A CCDs held by the Company in promoter/promoter group/group accordance with the pre-agreed terms of issue of such companies have any interest in CCDs. The transaction is on an arm's length basis. the entity being acquired? If yes, nature of interest and details The Promoter/Promoter Group of the Company does not thereof and whether the same is have any direct shareholding in MSL. Their interest, if done at "arm's length". any, is limited to their shareholding/interest in the Company. 3. Industry to which the entity being Real Estate. acquired belongs. 4. Objects and impact of acquisition The acquisition is pursuant to conversion of the existing (including but not limited to, 4,46,30,000 Series A CCDs held by the Company into disclosure of reasons for an equivalent number of Equity Shares of MSL, in acquisition of target entity, if its accordance with the terms of issue of the Series A CCDs. business is outside the main line of business of the listed entity). The Company's percentage shareholding in MSL continues to remain approximately 51% and there is no change in control. MSL continues to remain a subsidiary of the Company. 5. Brief details of any governmental Not Applicable. Consequential statutory, regulatory and or regulatory approvals required depository filings/actions, as applicable, will be for the acquisition. undertaken in accordance with applicable laws. 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 Sr. Particulars Details 6. Indicative time period for Completed on August 11, 2026, upon allotment of the completion of the acquisition. Equity Shares by MSL pursuant to conversion of the Series A CCDs. 7. Consideration, whether cash The Equity Shares have been allotted pursuant to consideration or share swap or conversion of the existing Series A CCDs held by the any other form and details of the Company. No fresh cash consideration is payable by the same. Company at the time of conversion. 8. Cost of acquisition and/or the INR 44.63 Crore, representing the aggregate face value price at which the shares are of 4,46,30,000 Series A CCDs of INR 10 each held by acquired. the Company and converted into an equivalent number of Equity Shares of INR 10 each, in the ratio of 1:1. No additional consideration is payable at the time of conversion. 9. Percentage of 4,46,30,000 Equity Shares of INR 10 each have been shareholding/control acquired acquired by the Company pursuant to conversion of the and/or number of shares Series A CCDs. acquired. Before conversion: 11,09,30,000 Equity Shares (including 6 shares through the nominees), representing approximately 51% of MSL's equity share capital. After conversion: 15,55,60,000 Equity Shares (including 6 shares through the nominees), representing approximately 51% of MSL's equity share capital. Accordingly, there is no change in the percentage shareholding or control of the Company in MSL, and MSL continues to remain a subsidiary of the Company. 10. Brief background about the entity Business: MSL is engaged in the development and acquired in terms of products/line operation of commercial real estate projects. of business acquired, date of incorporation, history of last three Date of Incorporation: June 24, 2019. years turnover, country in which Country of presence: India. the acquired entity has presence and any other significant Turnover: FY 2023-24: INR 10.59 Crore; FY 2024-25: information (in brief). INR 31.76 Crore; FY 2025-26: INR 57.69 Crore. MSL is an unlisted public company and an existing subsidiary of the Company. 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