Max Financial Services Limited has informed that Nomination and Remuneration Committee of the Company had granted 100,375 Options on June 9, 2025 to Mr. Prashant Tripathy, Managing Director & CEO of Axis Max Life Insurance Company, the material subsidiary of the Company
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Max Financial Services has granted 100,375 stock options to Mr. Prashant Tripathy, the Managing Director and CEO of Axis Max Life Insurance Company, which is a material subsidiary of the company. These options are part of his variable pay linked to performance for FY 2024-25 and will vest in a graded manner over four years. Each option gives the right to buy one equity share of Rs. 2 face value at an exercise price of Rs. 1,370.24 per share. No new shares will be issued — the shares will come from the existing Max Financial Employees Welfare Trust (ESOP Trust) set up in 2022.
This is a routine ESOP grant disclosure and signals alignment of subsidiary CEO compensation with long-term shareholder interests. Minimal direct impact on share count or price, as no fresh equity is being issued.