Max Estates Limited has informed the Exchange regarding 'Grant of Stock Options under the Max Estates Employee Stock Option Plan 2023.
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Max Estates Limited has informed the stock exchanges that its Nomination and Remuneration Committee approved the grant of 52,966 stock options under the company's Employee Stock Option Plan 2023 on August 8, 2025. Each option is convertible into one equity share of face value INR 10, at an exercise price of INR 230 per option. The options will vest in equal tranches of 25% over four years, starting August 8, 2026 and ending August 8, 2029. Once vested, employees have a 2-year exercise window for each tranche. The scheme complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine ESOP grant that will result in a small dilution of around 0.03% of equity (based on 52,966 shares) once exercised, with no immediate effect on share price. It signals employee retention incentives but is too small to materially impact shareholders.