Please find enclosed the intimation related to the allotment of 37,274 equity shares pursuant to the exercise of stock options.
MAXESTATES · price
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Max Estates Ltd has allotted 37,274 equity shares of INR 10 each to option holders who exercised their stock options under the company's ESOP Plan 2023. The allotment was approved by the Nomination and Remuneration Committee on May 12, 2026. Following this, the company's paid-up equity share capital has increased from INR 1,63,45,03,520 to INR 1,63,48,76,260, with the total number of equity shares now at 16,34,87,626. This is a routine corporate action related to employee compensation through stock options.
Minor increase in share capital with no material impact on existing shareholders. The dilution is negligible given the large base of 16.35 crore shares.