News Corporate Actions Max India Limited Allots 60,000 Equity Shares Under Employee Stock Option Plan 2020Max India Limited Allots 60,000 Equity Shares Under Employee Stock Option Plan 2020
Max India Limited allotted 60,000 equity shares under its Employee Stock Option Plan 2020 on February 9, 2026, following approval by the Nomination and Remuneration Committee. The shares, with a face value of Rs. 10 each, were issued to eligible employees and subsidiary company employees. This allotment increased the company's paid-up capital from Rs. 52,46,28,620 to Rs. 52,52,28,620, with total equity shares rising from 5,24,62,862 to 5,25,22,862.
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Max India Limited has completed the allotment of 60,000 equity shares under its Employee Stock Option Plan 2020, as approved by the company's Nomination and Remuneration Committee on February 9, 2026. The allotment was made to eligible employees of the company and its subsidiary companies following the exercise of vested stock options.
Share Allotment Details
The allotted shares carry a face value of Rs. 10 each and have been issued as fully paid-up equity shares. The allotment process was conducted in accordance with the provisions of the Employee Stock Option Plan 2020, demonstrating the company's commitment to employee participation in its growth.
| Parameter: | Details |
|---|---|
| Shares Allotted: | 60,000 equity shares |
| Face Value: | Rs. 10 per share |
| Allotment Date: | February 9, 2026 |
| Allotment Time: | 10:30 a.m. |
| Plan: | Employee Stock Option Plan 2020 |
Impact on Share Capital
The allotment has resulted in an increase in the company's issued, subscribed and paid-up capital. The capital structure has been enhanced following the successful exercise of stock options by eligible employees.
| Capital Component: | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Capital: | Rs. 52,46,28,620 | Rs. 52,52,28,620 |
| Number of Shares: | 5,24,62,862 | 5,25,22,862 |
| Face Value per Share: | Rs. 10 | Rs. 10 |
Regulatory Compliance
The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Max India Limited has informed both BSE Limited and the National Stock Exchange of India Limited about this corporate action. The disclosure has also been made available on the company's official website at www.maxindia.com , ensuring transparency for all stakeholders.
The allotment represents the company's ongoing employee engagement strategy through equity participation, allowing eligible employees to benefit from the company's performance while aligning their interests with long-term organizational goals.
Historical Stock Returns for Max India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.97% | +5.49% | -7.67% | -18.29% | -28.98% | +186.48% |
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