The committee approved the allotment of a total of 3,320 equity shares of face value ₹1 each, fully paid up. This allotment comprises two components:
- 1,660 equity shares allotted pursuant to the exercise of vested stock options at an exercise price of ₹1 per option.
- 1,660 bonus shares allotted pursuant to a bonus issuance in the ratio of 1:1, which was approved by shareholders via resolution dated 8 August 2025.
This 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 equity shares allotted will rank pari-passu with the existing equity shares of the company in all respects.
Capital Structure Impact
Consequent to this allotment, the company's paid-up share capital increased from ₹11,76,05,536 to ₹11,76,08,856.
Annexure A Details
- The scheme is compliant with SEBI (SBEB) Regulations, 2021.
- Each stock option is convertible into one fully paid-up equity share of face value ₹1.
- The exercise price is ₹1 per option.
- 1,660 options were exercised, having duly vested according to the vesting schedule under CMES ESOS.
- Money realized by exercise of options: ₹1,660.
- Total shares arising: 3,320 equity shares (1,660 from option exercise + 1,660 bonus shares).
- No variation has been made in the terms of the options, though previous corporate actions (sub-division of shares from ₹10 to ₹1 face value approved 27 June 2025, effective 2 July 2025, and bonus issuance) resulted in adjustments to option entitlements.
- Diluted earnings per share remain unaffected as the quantity of shares allotted is negligible.
- The allotted shares are not subject to lock-in.