Max Estates grants over 1 million employee stock options

Max Estates' nomination and remuneration committee approved the grant of 1,004,512 stock options on December 13, 2025, under its Employee Stock Option Plan 2023. Each stock option is convertible into one equity share with a face value of INR 10, and the exercise price is set at INR 230 per option. This grant aligns with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The options will vest over four years, with 25% vesting annually on December 13 for each year from 2026 to 2029.

The exercise period for these options is two years from the date of vesting of each tranche, providing employees with a defined window to convert their options into equity shares. This move aims to align employee incentives with the company's long-term performance.