Please find attached the intimation for ESOP grants.
MAXESTATES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Max Estates Limited's Nomination and Remuneration Committee, in its meeting on May 22, 2026, approved the grant of 2,71,666 stock options to eligible employees under the company's ESOP Plan 2023. Each option is convertible into one equity share of face value INR 10, at an exercise price of INR 203 per option. The options vest over 4 years in equal 25% annual tranches starting May 22, 2027 through May 22, 2030. Employees have 2 years from the date of vesting of each tranche to exercise their options. The scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The ESOP grant aligns employee interests with long-term shareholder value and helps retain talent, but results in minor equity dilution of approximately 0.4%. The INR 203 exercise price signals management confidence in the company's current valuation.