Max Estates Limited announced the grant of 10,04,512 stock options under its Employee Stock Option Plan 2023. The company's Nomination and Remuneration Committee approved this significant employee benefit initiative.

Stock Option Grant Details

The comprehensive stock option grant encompasses several key parameters designed to align employee interests with company performance:

Vesting Schedule Structure

The stock options follow a structured 4-year vesting schedule designed to promote employee retention and long-term commitment:

Regulatory Compliance

The stock option grant operates in full compliance with regulatory frameworks. The scheme adheres to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, ensuring proper governance and transparency. The pricing formula follows SEBI guidelines, and the company has confirmed that requirements under SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are not applicable to this grant.

Administrative Framework

Max Estates' ESOP Plan 2023 is administered and implemented by the company's Nomination and Remuneration Committee in accordance with extant regulations. This governance structure ensures proper oversight and compliance with all applicable rules and guidelines. The committee's approval demonstrates the company's commitment to structured employee benefit programs that support talent retention and motivation.

The stock option grant represents a significant employee benefit initiative, providing eligible employees with the opportunity to participate in the company's growth through equity ownership. The 2-year exercise period following each vesting date offers flexibility for option holders to exercise their rights based on market conditions and personal financial planning.

Max Estates , a prominent real estate developer in the National Capital Region (NCR), has launched its latest residential project, Estate 361, in Sector 36A, Gurugram. This innovative development aims to set a new benchmark in forest-living residences, blending luxury with sustainability.

Project Highlights

The Hub: Community Clubhouse

Estate 361 features a state-of-the-art community clubhouse called 'The Hub', offering residents an extensive range of amenities:

• Total area: Over 2,00,000 sq.ft.
• Facilities include:
  • All-weather pool
  • Gym
  • Spa
  • All-day dining
  • Racket courts
• Additional 70,000 sq.ft. of landscaped terrace greens

Senior Living and Wellness

In partnership with Antara Senior Living Limited, Estate 361 incorporates:

• Dedicated senior living residences
• Antara Integrated Wellness Centre, offering:
  • Proactive and preventive care
  • Personalized wellness programs
  • A blend of modern medicine and traditional Indian therapies

Strategic Location

Estate 361 is positioned in one of Gurugram's rapidly developing corridors, offering:

• Seamless connectivity across Delhi NCR
• Proximity to Indira Gandhi International Airport (IGI)
• Easy access to major employment hubs like Cyber City and Golf Course Road

Developer's Vision

Sahil Vachani, Vice Chairman & Managing Director of Max Estates, emphasized the company's 'Live Well' philosophy, stating, "Estate 361 reflects our belief that wellbeing begins with nature. We didn't want to simply add a forest around the development - we began with the forest itself."

This development marks a significant step in Max Estates' commitment to creating spaces that enhance quality of life, offering a unique blend of luxury, sustainability, and wellness in the heart of Gurugram's evolving urban landscape.

As the real estate market continues to evolve, projects like Estate 361 showcase the growing trend towards eco-friendly, wellness-oriented living spaces that cater to the changing preferences of modern homebuyers.