Max Estates has approved the allotment of 632 equity shares under its Employee Stock Option Plan 2023. This allotment increases the company’s paid-up equity share capital. The event, which occurred on October 31, 2026, has been officially recorded and duly communicated to relevant authorities.
Employee Stock Option Allotment
Max Estates has officially announced the allotment of 632 equity shares. This issuance is a direct result of the exercise of stock options granted under the company’s ‘ESOP Plan 2023’. The decision to proceed with this allotment was made by the Nomination and Remuneration Committee on October 31, 2026.
Impact on Share Capital
The allotment of these equity shares, each with a face value of INR 10/-, has led to an increase in the company’s paid-up equity share capital. Following this transaction, the total paid-up equity share capital has risen from INR 1,63,57,98,660/- to INR 1,63,58,04,980/-. This now comprises a total of 16,35,80,498 equity shares, each valued at INR 10/-.
Event Timeline
The date and time of this significant corporate event, the allotment of equity shares, is confirmed as October 31, 2026, at precisely 14:50 Hrs. (IST).
Source: BSE
