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 95,276 Employee Stock Options (ESOPs) granted to one of its employees have been forfeited. The forfeiture is due to the cessation of the employee's employment with the company, effective close of business hours on August 30, 2025. The forfeiture has been carried out in accordance with the MAX INDIA LIMITED - Employee Stock Option Plan – 2020. These forfeited options will be added back to the pool and become available for future grants under the ESOP Plan.
This is a routine administrative disclosure with no material impact on shareholders — the forfeited options simply return to the company's ESOP pool for future allocation and do not result in any dilution or value change for existing shareholders.