Max Financial Services Limited — Others, 26-05-2025: ESOP/ESOS/ESPS

Max Financial Services has announced a board meeting to grant 3,18,292 stock options under its ESOP Plan-2022 to selected employees of Axis Max Life Insurance, its key subsidiary. These options, exercisable at Rs. 1263.17 each, will vest over four years as a retention strategy. No fresh shares will be issued; options will be fulfilled through existing shares held by the ESOP Trust. This move aims to enhance employee retention at the subsidiary, supporting sustained growth and aligning employee interests with shareholders.