Max Estates Limited — Important, 29-07-2025: General Updates

Max Estates has issued 18,209 new equity shares under its Employee Stock Option Plan (ESOP) as employees exercised their stock options. This operational development modestly increases the company's paid-up equity share capital. The total paid-up capital now stands at approximately ₹1,610.46 crore, up from ₹1,610.28 crore. Consequentially, total equity shares outstanding rise to 16.10 crore. This is a standard process for companies with ESOPs, reflecting long-term employee incentives and a minor dilution in total shares.