Max Estates Limited has informed the Exchange about the allotment of 4,869 Equity Shares pursuant to the exercise of stock options.
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Max Estates Limited has allotted 4,869 equity shares to employees who exercised their stock options under the Max Estates Employee Stock Option Plan 2023. The shares have a face value of INR 10 each. Following this allotment, the company's paid-up equity share capital increased from INR 1,63,44,54,830 to INR 1,63,45,03,520. The total outstanding shares now stand at 16,34,50,352 equity shares. The allotment was approved by the Nomination and Remuneration Committee on April 2, 2026. This is a routine disclosure under SEBI listing regulations.
The dilution from this allotment is minimal at approximately 0.003% of total shares, which is negligible. This has no meaningful impact on existing shareholders and is unlikely to affect the stock price.