The committee approved the allotment of a total of 1,24,732 equity shares of face value ₹1 each, fully paid up. This allotment comprises two components:

  • 62,366 equity shares pursuant to the exercise of vested stock options at an exercise price of ₹1 per option
  • 62,366 bonus shares allotted pursuant to a bonus issuance in the ratio of 1:1

The bonus issuance was approved by shareholders through a resolution dated 8 August 2025. The allotment was made under the Clean Max Enviro Energy Solutions Limited Employee Stock Option Scheme 2015 (CMES ESOS), as amended from time to time, to eligible employees.

The newly allotted equity shares will rank pari-passu with the existing equity shares of the company in all respects.

Capital Structure Impact

Consequent to this allotment, the paid-up share capital of the company increased from ₹11,76,08,856 to ₹11,77,33,588.

Annexure A Details

  • The scheme complies with SEBI (SBEB) Regulations, 2021
  • Total options exercised: 62,366 equity shares of face value ₹1 each
  • Bonus shares allotted: 62,366 (1:1 ratio)
  • Total allotment: 1,24,732 equity shares of face value ₹1 each
  • Exercise price: ₹1 per option
  • Money realized by exercise of options: ₹62,366
  • 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
  • Options vested: 62,366 options had duly vested according to the vesting schedule under CMES ESOS prior to exercise
  • No variation has been made in the terms of the options
  • The entitlement was adjusted due to: (i) sub-division of equity shares from face value ₹10 to ₹1 in 1:10 ratio approved on 27 June 2025 (effective 2 July 2025), and (ii) the 1:1 bonus issuance approved on 8 August 2025
  • Diluted earnings per share remain unaffected as the quantity of shares allotted is negligible

Additional Information

The disclosure will be made available on the company's website www.cleanmax.com. The communication was signed by Ullash Parida, Company Secretary and Compliance Officer (Membership No.: FCS 8689) on 6 November 2026 from Mumbai.