Max India Approves Grant of 8.74 Lakh ESOPs, Allots 60,000 Shares

Max India Ltd announced that its Nomination and Remuneration Committee approved the grant of 8,74,227 Employee Stock Options (ESOPs) under the MIL Employee Stock Option Plan 2020. The company also approved the allotment of 60,000 equity shares arising from the exercise of vested stock options. This allotment increases the company's issued, subscribed, and paid-up capital from ₹52,52,28,620 to ₹52,58,28,620. The ESOP grant price is set at ₹80.02 per option, representing 50% of the average market price as of June 5, 2026. Vesting is scheduled over four years, with exercise possible within five years from vesting dates.