Analysts/Institutional Investor Meet/Con. Call Updates

August 14, 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, and in continuation of our intimation dated August 11, 2026, for schedule of the Earnings Conference Call, please find enclosed the Investor Presentation. The same shall also be available on the website of the Company www.maxestates.in. 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 Investor Presentation An overview of Max Estates’ journey Q1 FY27 · August 2026 MAX ESTATES LIMITED · NSE | BSE · CIN L70200DL2016PLC438718 MAX ESTATES LIMITED · Q1 FY27 · AUGUST 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 · Q1 FY27 · August 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 WHERE WE OPERATE 18.4 mn sq. ft. across multiple asset classes in Delhi NCR WorkWell Commercial 4.2 mn sq. ft. Max Towers, Noida Max Square, Noida Max House, New Delhi Max District, Gurugram Max Square Two, Noida LiveWell Residential 9.1mnsq. ft. Estate 128, Noida Estate 360, Gurugram Estate 361, Gurugram Estate 59, Gurugram LiveWell + WorkWell Leisure, retail, culture —mixed 18.4 mnsq. ft. use total portfolio 5.1mnsq. ft. Max One, Noida Estate 105, Noida Focus strategy · One region, multiple asset classes · Target market: Delhi NCR Portfolio comprises operational, under-construction and to-be-launched projects. Images are artistic renditions except for operational assets. THE EQUITY STORY Built for resilient growth Residential / LiveWell Commercial / WorkWell Financial discipline Execution capability excellence leadership 701units / 247 units 25 –35% New York Life ~₹1,500+ Cr FY26 pre-sales / Q1 FY27 pre-sales Commercial rental premium to Partnership across key developments Planned construction spend in FY27 respective micro-markets ₹5,305 Cr / ₹1,093 Cr 100% ₹234 Cr netdebt FY 2028 FY26 pre-sales / Q1 FY27 pre-sales Occupancy across completed Majorly towards lease rental discounting On-track completion of Estate 128 commercial portfolio ₹16,150+ Cr ~₹700+ Cr1 ₹1,578 Cr / ₹491 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 Q2 FY27 next 5years Collections in Q1 FY27 quality & OEM procurement 2 mn sqft 1 mn sqft ₹1,727 Cr 18.4 mn sqft Aspiring to acquire each year for Aspiring to acquire each year for Gross cash including ₹1,233 Cr in RERA Existing portfolio and growing at 3 mn residential developments commercial developments sqft each year 1 – out of this 51% is owned by Max Estates and 49% by New York Life STRATEGIC PARTNERSHIP New York Life – Our strategic partner Partnered with Max Group in 2001 to form Founded in 1845, New York Life is a Financial Max New York Life (26% stake), exited to Services Company and the largest mutual life Mitsui Sumitomo in 2012. insurer in the U.S Re-invested with Max’s entry into real estate. ₹1,800 Cr 7 rounds 8x Exclusive Committed to date Of capital since 2017 Cumulative commitment growth NYL’s India real estate partner Cumulative Commitment (In Rs Crs.) 1,770 Invested amount (In Rs Crs.) 1,619 306 436 220 290 329 2025 2017 & 2019 2019 2022 2023 New York Life invests Rs. New York Life invested ~ Rs. 220 Cr New York Life invested New York Life New York Life committed for 49% 392 Cr in Max Towers and and currently owns a ~23% stake in for 49% equity stake in committed ~Rs. 196 equity stake in the Sector 65, Max House for 49% stake Max Ventures & Industries Ltd the Max Square – Crfor 49% equity stake Gurugram commercial project – and signed MOU for (Now Max Estates Limited) committed ~Rs. 86 Crc in the Max Square Two committed ~Rs. ~290 Cr MaxOne and Sector 105 Operating performance MAX ESTATES LIMITED · Q1 FY27 · August 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 – FYF2Y6 2C4A –G FRY:213C%AGR 13% 23,789 5,321 5,305 20,323 18,410 1,841 FY24 FY25 FY26 FY24 FY25 FY26 201 units 853 units 701 units¹ ₹5,305 Cr ₹23,789 / sq. ft. ₹16,150+ Cr Sold Out FY26 pre-sales FY26realisation Total GDV pipeline Terraces at Estate 361 (Ph 1) launch Versus ₹5,321 Cr in FY25 —a second Up from ₹18,410 / sq. ft. in FY24 Set to fuel growth from Q2 FY27 onwards Booked within 2 monthsof May2026 consecutive year above ₹5,000 Cr launch 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) Estate 128 Estate 360 Estate 361 Max One Estate 105 Billed till date 1160 1954 313 130 193 Collected till date 1125 1796 313 77 193 1,578 % efficiency 97% 92% 100% 59% 100% CANCELLATIONS — POST AGREEMENT 455 491 Estate 128 Estate 360 Estate 361 Max One Estate 105 Number of units Nil 15 1 Nil Nil FY24 FY25 FY26 Q1 FY27 Value (₹ Cr) Nil 92 7 Nil Nil +61% Year-on-year collections growth, Cancellations remain immaterial: 16 units and ₹99 Cr across the launched portfolio, concentrated at 20–25% of sales value (FY25 – FY26) in Estate 360 and Estate 361. ² Advance received towards booking of unit. Estate 128 collections are billed and collected in full. CONSOLIDATED RESIDENTIAL POSITION ₹13,560 Cr of the ₹17,560 Cr launched book is sold, with ₹16,150 Cr balance pipeline PRE-SALES BOOKING VALUE (₹ Cr) Launched —17,560 3,503 10,057 4,000 12,150 Collected Sold, to be collected Unsold To be launched Sold —13,560(77% of launched) Balance pipeline —16,150 OPERATING CASH FLOW OF LAUNCHED PROJECTS (₹ Cr) Particulars Residential Mixed use¹ Particulars Residential Mixed use¹ Estimated receipts from launched units 11,339 6,221 Remaining —from sold & unsold units 8,105 5,952 From sold units 10,054 3,506 Estimated total cost of launched units 8,524 4,516 From unsold units 1,285 2,715 Cost already incurred 2,584 1,148 Collection to date from sold units 3,234 269 Estimated balance cost to be incurred 5,940 3,368 Remaining to be collected from sold units 6,820 3,236 Operating cash flow from launched units 2,165 2,584 Remaining —from sold & unsold units 8,105 5,952 ¹ Max Estates owns 51%; 49% owned by New York Life. Estimates. UNDERSTANDING REAL ESTATE ACCOUNTING Reported financials capture a fraction of what is already contracted Pre-Sales / Bookings Collections Construction Progress Revenu [Showing first 8,000 characters — download PDF for full document]