Max India Limited has informed the Exchange regarding 'Intimation for forfeiture of Stock Options'.
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Max India Limited has informed the stock exchanges that 16,230 Employee Stock Options (ESOPs) granted to one employee of its subsidiary have been forfeited. The forfeiture is because the employee ceased employment with the company, effective end of business hours on April 10, 2025. The action has been taken in line with the company's Employee Stock Option Plan – 2020 (ESOP Plan). These forfeited options will be returned to the pool and become available for future grants under the same ESOP Plan. This is a routine disclosure made under SEBI listing requirements for any changes related to stock option grants.
This is a routine administrative disclosure with no material impact on shareholders. The forfeited options return to the ESOP pool, and any future dilution would only occur if and when these options are re-granted and subsequently exercised.