Max Estates Grants 50,226 Stock Options Under ESOP Plan 2023
Max Estates Limited has granted 50,226 stock options under its ESOP Plan 2023, effective August 18, 2026. The exercise price is ₹221 per option. Vesting occurs over four years, with a 2-year exercise period post-vesting.
Granting employee stock options is a standard practice for employee compensation and retention, typically having a minimal direct impact on the company's immediate financial performance or stock price.
The grant of stock options is a routine corporate action and does not inherently indicate a positive or negative financial impact on the company.
Max Estates Limited announced the grant of 50,226 stock options under its Employee Stock Option Plan 2023 (“ESOP Plan”). The grant is effective from August 18, 2026.
Each stock option is convertible into one equity share of face value ₹10. The exercise price for these options is set at ₹221 per option. The ESOP Plan is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The vesting schedule for these options is over four years, with 25% vesting each year on August 18, 2027, August 18, 2028, August 18, 2029, and August 18, 2030. Following vesting, the exercise period for each tranche is two years.
The grant has been approved by the Nomination and Remuneration Committee of the company. The announcement was made on August 17, 2026.
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Max Estates Limited filed this with the NSE as a statutory disclosure, categorised under designated person disclosures. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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