Max Estates Limited has informed the Exchange about the allotment of Equity Shares pursuant to the exercise of Stock Options.
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Max Estates Limited's Nomination and Remuneration Committee approved the allotment of 18,209 equity shares (face value INR 10 each) to eligible employees on July 29, 2025, pursuant to the exercise of stock options under the Max Estates ESOP Plan 2023. As a result, the company's paid-up equity share capital has risen from INR 161,02,82,350 to INR 161,04,64,440. The total number of equity shares now stands at 16,10,46,444. This is a routine disclosure under SEBI Listing Regulations, 2015, made to both BSE (Scrip Code: 544008) and NSE (Symbol: MAXESTATES). The event is a minor, incremental increase in share count due to employee stock options being exercised.
This is a routine, small-scale ESOP allotment with negligible dilution (18,209 shares out of over 16 crore shares) and is unlikely to have any material impact on the stock price or shareholder value.