Intimation for allotment of 23,500 equity shares under Employee Stock OptionPlan, 2020 ( ESOP Plan ).
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Max India Limited has allotted 23,500 equity shares with a face value of Rs. 10 each to eligible employees of the company and its subsidiaries under its ESOP Plan, 2020. The allotment was approved by the Nomination and Remuneration Committee on July 16, 2025, following the exercise of vested stock options. As a result, the company's paid-up equity share capital has increased from Rs. 52,17,17,780 (5,21,71,778 shares) to Rs. 52,19,52,780 (5,21,95,278 shares). This is a routine disclosure made under SEBI Listing Regulations.
This is a minor ESOP-driven share issuance causing negligible dilution of less than 0.05% and is unlikely to have any meaningful impact on share price or shareholder value.