Max Estates Limited — Important, 13-03-2025: Updates

The Nomination and Remuneration Committee has approved the allotment of 5,684 equity shares under the Max Estates Employee Stock Option Plan 2023 (ESOP Plan). This equity issuance increases the company's paid-up share capital from INR 160.99 crore to INR 161.00 crore, resulting in a total of 16,10,00,084 equity shares. This move supports employee retention and incentivization, potentially fostering a more committed workforce. The allocation reflects the company’s strategy to motivate key personnel, which could enhance operational performance and drive long-term growth. Investors should watch closely for the impact on overall equity incentives and employee engagement moving forward.