Key Quantitative Figures
- Total equity shares allotted: 200,000 of face value ₹1 each
- Shares allotted from exercised stock options: 100,000 at exercise price of ₹1 per option
- Bonus shares allotted: 100,000 in 1:1 ratio
- Money realized from exercise of options: ₹100,000
- Previous paid-up share capital: ₹11,72,71,170
- New paid-up share capital: ₹11,74,71,170
- Increase in share capital: ₹200,000
Dates of Action
- Committee approval date: 11 August 2026
- Shareholder approval for bonus issuance: 8 August 2025
- Share subdivision effective date: 2 July 2025
- Document signing date: 11 August 2026
Parties Involved
- Clean Max Enviro Energy Solutions Limited (issuer)
- Stakeholders Relationship Committee of the Board of Directors
- Eligible employees (allottees)
- Ullash Chandra Parida, Company Secretary and Compliance Officer
Purpose and Rationale
Allotment of shares to eligible employees under the Clean Max Enviro Energy Solutions Limited Employee Stock Option Scheme 2015 as amended from time to time (CMES ESOS), including both exercised options and bonus shares.
Capital Structure Impact
The equity shares allotted rank pari-passu with existing equity shares. The paid-up share capital increased by ₹200,000 from ₹11,72,71,170 to ₹11,74,71,170. The dilution is described as "negligible" in the disclosure.
Additional Details
- Each stock option is convertible into one fully paid-up equity share of face value ₹1
- The allotted shares are not subject to lock-in
- No variation has been made in the terms of the options
- The entitlement was adjusted due to: (i) sub-division of equity shares from ₹10 to ₹1 in 1:10 ratio approved on 27 June 2025, and (ii) bonus issuance in 1:1 ratio approved on 8 August 2025
- Earnings per share remain unaffected due to the negligible quantity of shares allotted