Max Estates Limited has informed the Exchange about the 'Allotment of 18,381 equity shares under the Max Estates Employee Stock Option Plan 2023 '.
MAXESTATES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Max Estates Limited has allotted 18,381 equity shares with a face value of INR 10 each to employees who exercised their stock options under the Max Estates Employee Stock Option Plan 2023. The allotment was approved by the Nomination and Remuneration Committee on June 17, 2025. As a result, the company's paid-up equity share capital has increased from approximately INR 161.01 crore to INR 161.03 crore. The total number of equity shares now stands at 16,10,28,235.
This is a routine ESOP allotment with minimal dilution (about 0.11% increase in share count). Existing shareholders are not significantly affected, though there is a small dilutive effect from the new shares being issued to employees.