Please find attached the financial results for Q1FY27.

August 14, 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 Subject: Unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 2026 Dear Sir/Madam, Please refer to our letter dated August 11, 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 has today inter-alia, considered and approved the unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 2026 and noted the limited review report thereon issued by the Statutory Auditors. The Board meeting commenced at 17:30 hours (IST) and concluded at 19:30 hours (IST) today. Yours faithfully, 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:+911246816000 Independent Auditor’s Review Report on the Quarterly 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 Reportto The Board of Directors Max Estates Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Max Estates Limited(the“Holding Company”) andits subsidiaries(theHolding Companyand its subsidiaries together referred to as “the Group”) for the quarter ended June 30, 2026 (the “Statement”) attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,as amended(the“ListingRegulations”). 2. The Holding Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 asamended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by theHoldingCompany’s Board of Directors. Our responsibility is toexpress a conclusiononthe Statement based on our review. 3. We conducted our review of the Statement in 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 inaccordance with theMasterCircular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the followingsubsidiaries: a) Max Towers Private Limited b) Max Assets Services Limited c) Max Square Limited d) Pharmax Corporation Limited e) Max I 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 Regd. Ofce : 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016 5. Based on our review conductedand procedures performed as stated in paragraph 3aboveandbased ontheconsideration ofthereviewreports of other auditorsreferred to inparagraph6below,nothing has come to ourattention 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 (‘Ind AS’) 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 required to be disclosed in terms oftheListing 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/ financial information includes the unaudited interim reviewed financial results/financial information in respect of 12 subsidiaries, whose unaudited interim financial results/information includes total revenues of Rs. 2,636.98 lakhs, total net profit after tax of Rs. 532.94 lakhs and total comprehensive income of Rs.532.94 lakhs, for the quarter ended June 30, 2026 as considered in the Statement which have been reviewed by their respective independent auditors. The independent auditor’s reports onunauditedinterim financial statements/financial information of these entitieshave been furnished to us by the Management and ourconclusion on the Statement, in so far as it relates to theamounts and disclosuresin respect of thesesubsidiaries is based solely on the report ofsuchauditorsand procedures performed by us as stated in paragraph 3 above. Our conclusionon the Statementin respect of matters statedin Para 6is not modified with respect toour reliance on the work doneand the reports oftheother 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: London, UK Date: 2026.08.14 13:58:05 +01'00' per Nikhil Gupta Partner Membership No.: 517577 UDIN:26517577GDKQWK5173 Place:London, UK Date:August 14, 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, website: www.maxestates.in Tel: +91 120-4743222, Email: secretarial@maxestates.in STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 (All amount in Rs. Lakhs, unless otherwise stated) S.No. Particulars Quarter ended Year ended 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Unaudited Audited Unaudited Audited Refer note 8 1 Income: (a) Revenue from operations 5,191.13 4,943.34 5,147.38 19,945.28 (b) Other income 2,816.53 2,115.41 2,865.52 9,734.80 Total Income 8,007.66 7,058.75 8,012.90 29,680.08 2 Expenses (a) Cost of raw materials consumed - - 384.11 384.11 (b) Employee benefits expense 1,101.20 1,099.50 732.11 3,325.62 (c) Finance costs 1,672.81 1,619.25 1,732.12 6,541.44 (d) Depreciation and amortisation expense 817.18 793.17 841.36 3,241.24 (e) Advertiseme [Showing first 8,000 characters — download PDF for full document]