Max Estates Limited has informed the Exchange about allotment of equity shares pursuant to the exercise of stock options.
MAXESTATES · price
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Max Estates Limited has allotted 57,595 equity shares of face value INR 10 each to employees who exercised their stock options under the company's ESOP Plan 2023. The allotment was approved by the Nomination and Remuneration Committee on January 2, 2026. As a result, the paid-up equity share capital has increased from INR 162.23 crore to INR 162.29 crore, taking the total number of equity shares to 16,22,89,489. This is a routine corporate disclosure under SEBI listing regulations.
This is a minor, routine ESOP allotment causing negligible dilution (~0.035%) to existing shareholders. It signals employee participation in the company's growth plan and is unlikely to materially affect the stock price.