Slide 1: Cover letter to BSE and NSE: Presentation
August 28, 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: Presentation Dear Sir/Madam, Please find enclosed a copy of
Slide 2: Delhi Land Acquisition
Delhi Land Acquisition A ~84.71-acre Delhi land bank acquired for equity (non-cash) *subject to shareholders and regulatory approvals ~84.71 acres ~₹10,000-12,000 Cr ~₹4.95 Cr/acre Nil Land accruing to Max Estates Estimated GDV Land value Cash consideration
Slide 3: Strategic Rationale: A scarce Delhi land bank
STRATEGIC RATIONALE A scarce Delhi land bank that adds to current presence in Noida–Gurugram Business Rationale ~84.71 acres Current - residential pipeline of INR 16,150 Cr of GDV from Q2FY27 Targeting for next phase of growth in presales and pipeline, a trajectory that requires continuous replenish
Slide 4: Entry economics and pre and post shareholding pattern
ENTRY ECONOMICS At ~₹1,000 per sq ft, land is < 5 % of GDV against typical 20–25% GDV ~84.71 acres × FAR 2.0 4 - 6 mn sq ft ~ ₹1,000 / sq ft Land accruing to Max Estates › Applicable planning parameter › Developable area* › Land cost per sq ft subject to approvals and regulations PRE AND POST SHAREH
Slide 5: Land bank added without cash outflow, multi-layer independent valuation
VALUE CREATION & GOVERNANCE Land bank added without cash outflow, under a multi-layer independent valuation process Two independent land Independent valuation Share-exchange ratio Fairness opinion Audit Committee → Board valuations › › › › Cushman & Wakefield · iVAS Big Four accounting firm Big Four
Slide 6: Thank you
Thank you MAX ESTATES LIMITED L-20, Max Towers, Sector – 16B, DND Flyway, Noida, Uttar Pradesh - 201 301 Tel: +91 120 4743200 | www.maxestates.in CIN no. L70200DL2016PLC438718