Max Estates Limited has informed the Exchange about the allotment of 37,274 equity shares pursuant to the exercise of stock options.
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Max Estates Limited has allotted 37,274 equity shares with face value of INR 10 each to option holders who exercised their stock options under the company's ESOP Plan 2023. The Nomination and Remuneration Committee approved this allotment on May 12, 2026. Following this allotment, the company's paid-up equity share capital increased from INR 1,63,45,03,520 to INR 1,63,48,76,260. The total number of equity shares now stands at 16,34,87,626.
This is a routine corporate action involving minor share dilution from employee stock option exercises. The impact on existing shareholders is minimal as the increase represents only 37,274 additional shares.