Max Estates Ltd.

Shareholders holding 1% or more · latest filing Sep 2026

Ownership split · Sep 2026

Share of total equity by holder type, with change since Jun 2026.

Promoters 45.23% 0.03 pp
FII / FPI 26.34% 0.49 pp
DII 8.74% 0.55 pp
Retail & others 19.69% 1.02 pp
Non-public / other 0% 0
Holder typeDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters45.25%45.25%45.24%45.24%44.91%45.27%45.26%45.23%
FII / FPI27.78%27.43%27.12%26.6%25.66%25.88%25.85%26.34%
DII5.77%6.29%6.26%6.78%7.77%7.64%8.19%8.74%
Retail & others21.19%21.02%21.37%21.38%21.66%21.21%20.71%19.69%
Non-public / other0%0%0%0%0%0%0%0%

Major shareholders

72 current holders with 1% or more in the Sep 2026 filing. Click a name to see everything they hold.

Holder Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 Change (QoQ)
MAX VENTURES INVESTMENT HOLDINGS(P) LTD. Promoter 21.53%3.47 21.53%3.47 – 21.53%3.47 – – 21.9%3.58 21.89%3.58 0.01 pp
SIVA FINVEST PRIVATE LIMITED (FORMERLY KNOWN AS SIVA ENTERPRISES PRIVATE LIMITED) Promoter 21.11%3.40 – 21.11%3.40 21.11%3.40 20.95%3.40 20.8%3.40 20.79%3.40 20.78%3.40 0.01 pp
NEW YORK LIFE INTERNATIONAL HOLDINGS LTD Institution 19.43%3.13 19.43%3.13 19.43%3.13 19.42%3.13 19.28%3.13 19.14%3.13 19.13%3.13 19.12%3.13 0.01 pp
INVESCO INDIA SMALL CAP FUND Institution New – – – – – – – 2.94%0.48 –
NEELU ANALJIT SINGH Promoter 0.03%0.00 2.22%0.36 2.22%0.36 2.22%0.36 2.2%0.36 2.19%0.36 2.19%0.36 2.19%0.36 0
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA MULTI ASSET ALLOCATION FUND Institution – 1.71%0.28 1.76%0.28 1.88%0.30 1.87%0.30 1.85%0.30 1.85%0.30 1.85%0.30 0
HABROK INDIA MASTER LP Institution – – 1.01%0.16 1.03%0.17 1.07%0.17 1.37%0.22 1.37%0.22 1.83%0.30 0.46 pp
BANDHAN SMALL CAP FUND Institution – – – – – – 1.62%0.26 1.68%0.28 0.06 pp
INDIA INSIGHT VALUE FUND Institution 1.8%0.29 1.8%0.29 1.71%0.28 1.7%0.27 1.68%0.27 1.67%0.27 1.67%0.27 1.67%0.27 0
ATUL BEHARI LALL Public 1.6%0.26 1.6%0.26 1.6%0.26 1.6%0.26 1.59%0.26 1.58%0.26 1.58%0.26 1.58%0.26 0
KOTAK SMALL CAP FUND Institution 1.3%0.21 1.49%0.24 1.49%0.24 1.49%0.24 1.48%0.24 1.47%0.24 1.47%0.24 1.56%0.25 0.09 pp
NEW YORK LIFE INSURANCE COMPANY Institution 1.29%0.21 1.29%0.21 1.29%0.21 1.29%0.21 1.28%0.21 1.27%0.21 1.27%0.21 1.27%0.21 0
SUNIL VACHANI Public – – – – 1.05%0.17 1.04%0.17 1.04%0.17 1.04%0.17 0
ANALJIT SINGH Promoter 2.47%0.40 0.27%0.04 0.27%0.04 0.27%0.04 0.27%0.04 0.27%0.04 0.27%0.04 0.27%0.04 0
RAVI VACHANI Promoter 0.05%0.01 0.05%0.01 0.05%0.01 0.05%0.01 0.05%0.01 0.04%0.01 0.04%0.01 0.04%0.01 0
PIYA SINGH Promoter 0.03%0.01 0.03%0.01 0.03%0.01 0.03%0.01 0.03%0.01 0.03%0.01 0.03%0.01 0.03%0.01 0
TARA SINGH VACHANI Promoter 0.03%0.00 0.03%0.00 0.03%0.00 0.03%0.00 0.03%0.00 0.03%0.00 0.03%0.00 0.03%0.00 0
VEER SINGH Promoter 0%0 0%0 0%0 0%0 0%0 0%0 0%0 0%0 0
Sahil Vachani Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Veda Vachani Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Avya Vachani Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Tina Vachani Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Analjit Singh HUF Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
ABK Consultants Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Anchor Management Services Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Capricorn Health Services Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Capricorn Hospitality Services Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Devavani Lifestyle Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Drugyel Estates Private Limited (Bhutan) Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Gaylord Impex Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Harmonious Hospitality Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Hometrail Properties Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
iCare Health Projects and Research Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Leo Retailing and Health Services Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
LGO PTE. Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Malsi Hotels Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Max India Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Max Learning Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Max Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
New Delhi House Services Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Nurture Health Services Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
P V T Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Piveta Estates Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Rama Krishna Cold-Chem Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Riga Foods LLP Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Seven Heaven Buildmart Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Shakyasimha Foundation Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Shakyasimha Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Siva Reality Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Southend Houses Private Limited (Formerly known as SKA Diagnostic Private Limited) Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Solace Hotels and Hospitality Services Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Terra Planet Estate Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
TR Asset Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Trophy Estates Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Trophy Resorts and Guest Houses Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
TVP Investments Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Twiggy Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vana Enterprises Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vana Foundation Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vana Resorts & Hotels Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vana Retreats Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vana Therapiya Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vana Ventures Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vanaveda Lifestyle Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vitasta Estates Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Wegmans Business Park Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Sants Holding Limited, UAE Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Lakeview Enterprises Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vstar Ventures LLP Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
TSV Family Trust Promoter – – – – 0%0 0%0 0%0 0%0 0
SV Family Trust Promoter – – – – 0%0 0%0 0%0 0%0 0
Topline Electronics Private Limited Promoter New – – – – – – – 0%0 –
Topline Electonics Private Limited Promoter Exited / below 1% – – 0%0 0%0 0%0 0%0 0%0 – –
INVESCO INDIA SMALLCAP FUND Institution Exited / below 1% – – – – – – 3.11%0.51 – –
INVESCO INDIA BUSINESS CYCLE FUND Institution Exited / below 1% – 2.35%0.38 – 3%0.48 3.03%0.49 2.91%0.48 – – –
MAX VENTURES INVESTMENT HOLDINGS (P) LTD. Promoter Exited / below 1% – – 21.53%3.47 – 21.37%3.47 21.91%3.58 – – –
BANDHAN NIFTY TOTAL MARKET INDEX FUND Institution Exited / below 1% – – – – 1.15%0.19 1.27%0.21 – – –
INVESCO INDIA LARGE & MID CAP FUND Institution Exited / below 1% – – 2.38%0.38 – – – – – –
SIVA FINVEST PRIVATE LIMITED (FORMERLY KNOWN AS SIVA ENTERPRIES PRIVATE LIMITED) Promoter Exited / below 1% – 21.11%3.40 – – – – – – –
INVESCO INDIA FLEXI CAP FUND Institution Exited / below 1% 2.18%0.35 – – – – – – – –
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND Institution Exited / below 1% 1.56%0.25 – – – – – – – –

Companies only disclose holders with 1% or more, so “Exited / below 1%” can also mean the stake fell under 1%. “pp” = percentage points.

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