MAX ESTATES : PROPOSED ACQUISITION AND PREFERENTIAL ISSUE APPROVED

• Board approved acquisition of entire ownership interest in nine "Land Owning Companies" holding an 84.7-acre land platform in Najafgarh, Delhi, via integrated and composite transaction. • Board approved preferential issue of up to 70,33,162 equity shares of ₹10 face value at ₹597.50 per share, aggregating up to ₹4,20,23,14,295, for consideration other than cash by way of share swap. • Transaction is subject to member approval and requisite in-principle approvals from stock exchanges. • Board also approved convening an extraordinary general meeting for member approval.

Max Estates Limited

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