Max India Limited — Important, 10-04-2025: Updates

16,230 ESOPs granted to an employee of Max India Limited's subsidiary have been forfeited following the employee's exit effective April 10, 2025. This forfeiture aligns with the company’s Employee Stock Option Plan, allowing these options to be available for future grants under the same plan. This development may provide opportunities for the company to reallocate these stock options to new or existing employees, promoting continued talent retention and engagement. Investors should observe how this may influence employee motivation and company culture moving forward.