Max Estates strengthens its board welcoming industry leaders with global expertise as additional directors

Taking a significant stride towards becoming the foremost real estate brand and fortifying its business endeavours, Max Estates Limited announced the appointment of Mr. Anthony R. Malloy and Mr. Atul B Lall to its board as Additional Directors (Non-Executive, Non-Independent) effective from March 27, 2024.

As the Executive Vice President and Chief Investment Officer of New York Life Insurance Company (NYL), Mr. Malloy serves as the representative of New York Life on the Max Estates board. With New York Life, Max Estates' strategic partner for its real estate businesses, committing Rs. 800 crores for Max Estates and exploring further co-investment opportunities, Mr. Malloy's inclusion on the board holds particular significance.

Mr. Malloy assumes the role of a Director at the Max Estates Board. He brings a wealth of financial expertise and leadership experience, boasting a distinguished career spanning over two decades. Mr. Malloy holds an MBA in Finance from the Stern School of Business at New York University. Ms. Jillian L. Moo-Young, Senior Vice President and Head of Alternative Strategy at NYL, has also been appointed as an Alternate Director for Mr. Malloy.

Mr. Lall, appointed as a Director, brings a wealth of experience as the Managing Director and Vice Chairman of Dixon Technologies (India) Limited. With over 30 years of expertise in the Electronics Manufacturing Services (EMS) industry, Mr. Lall has played a pivotal role in Dixon Technologies' success. His strategic acumen and deep industry understanding have been instrumental in Dixon Technologies' growth within the EMS sector. Mr. Lall holds a master's degree in management studies from the Birla Institute of Technology and Science, Pilani.

Max Estates, recently listed, has already established itself as a prominent real estate company in the NCR region, and the addition of such esteemed industry leaders further strengthens its vision and purpose of enhancing the quality of life through the spaces it creates. Max Estates aims to augment the quality of life through exceptional design, sustainability, and experiences. Maintaining cutting edge standards of governance, Max Estates aspires to be the most preferred choice for all stakeholders including customers, communities, shareholders & employees.

Expressing his enthusiasm and alluding to future business endeavours, Mr. Sahil Vachani, Managing Director and Vice Chairman of Max Estates, stated, "We are delighted to welcome Mr. Malloy and Mr. Lall to our board of directors. As Max Estates looks to scale, expand, and emerge as the most preferred brand in the National Capital Region - the extensive experience, strategic insights, and leadership that both these individuals bring to the table will be invaluable assets to the brand."

Shares of Max Estates Limited was last trading in BSE at Rs. 280.50 as compared to the previous close of Rs. 274.65. The total number of shares traded during the day was 4368 in over 390 trades.

The stock hit an intraday high of Rs. 288.30 and intraday low of 276.70. The net turnover during the day was Rs. 1227827.00.

Source : Equity Bulls

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MaxEstates Residential Commercial Projects INE03EI01018 Appointment