MEMax Estates544008ESOP

Allotment of 632 equity shares under the ESOP Plan 2023

Max Estates has allotted 632 equity shares of face value INR 10/- each.

By ScoutQuest · Sat 31 Oct 2026, 8:48 PM IST · 1 min read

Shares Allotted

632 equity shares of face value INR 10/- each

Paid-up Equity Share Capital

INR 1,63,58,04,980/-

Total Paid-up Equity Shares

16,35,80,498 of INR 10/- each

What was approved

The Nomination and Remuneration Committee of Max Estates Ltd, on October 31, 2026, considered and approved the allotment of 632 equity shares of face value INR 10/- each. The shares were allotted to the option holder arising from the exercise of stock options under the Max Estates Employee Stock Option Plan 2023.

• The event is an allotment following an option holder exercising stock options.
• The shares carry a face value of INR 10/- each.
• The company communicated this to BSE (Scrip Code 544008) and NSE (Symbol: MAXESTATES).

What changed in the share capital

• Paid-up equity share capital before the allotment: ~INR 163.58 crore
• Paid-up equity share capital after the allotment: INR 1,63,58,04,980/-
• Total paid-up equity shares after the allotment: ~16.36 crore equity shares of INR 10/- each
• Shares allotted: 632 equity shares

The increase in paid-up capital is about 6,320 in rupee terms, which matches 632 shares at a face value of INR 10/- each.

How to read this

This is an employee stock option related allotment, where new shares are issued to an option holder. Because only 632 shares were issued, the addition to the total share count of ~16.36 crore shares is extremely small, so the change in the number of shares in circulation is negligible. ESOP allotments are a regular part of listed company operations and are reported to the exchanges as they change the paid-up share capital.

What to watch

• The new shares add to the total equity base, which is the figure to track if you follow how the company's share count moves over time.
• The update states the date and time of the event as October 31, 2026, at 14:50 Hrs. (IST).

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