Max Estates Limited has informed the Exchange regarding 'Allotment of 9,770 equity shares under the Max Estates Employee Stock Option Plan 2023 '.
MAXESTATES · price
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Max Estates has allotted 9,770 equity shares with a face value of INR 10 each to employees who exercised their stock options under the company's ESOP Plan 2023. The allotment was approved by the Nomination and Remuneration Committee on May 14, 2025. As a result, the company's paid-up equity share capital has increased marginally from INR 161,00,00,840 to INR 161,00,98,540, taking the total number of equity shares to 16,10,09,854. This is a routine ESOP exercise with no new fundraising involved.
This is a very small dilution (less than 0.01% of total shares) and is unlikely to have any meaningful impact on the stock price or existing shareholders. It signals that the ESOP plan is actively being utilized by employees.