The committee approved the allotment of a total of 53,336 equity shares of face value ₹1 each, fully paid up, comprising:
- 26,668 equity shares pursuant to exercise of vested stock options at an exercise price of ₹1 per option
- 26,668 bonus shares allotted pursuant to a bonus issuance in the ratio of 1:1 approved by shareholders via resolution dated 08 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.
Key Details from Annexure A:
- The scheme complies with SEBI (SBEB) Regulations, 2021
- Each stock option is convertible into one fully paid-up equity share of face value ₹1
- Exercise price: ₹1 per option
- Money realized by exercise of options: ₹26,668
- Options vested: 26,668
- Options exercised: 26,668
- Total shares arising from exercise: 26,668 equity shares from option exercise plus 26,668 bonus shares = 53,336 equity shares
- No variations made in terms of options, but adjustments were made for:
- Sub-division of equity shares from face value ₹10 to ₹1
- Bonus issuance approved on 08 August 2025
- The equity shares allotted are not subject to lock-in
- Diluted earnings per share remains unaffected due to negligible quantity of shares allotted
Capital Structure Impact:
The paid-up share capital of the company increased from ₹11,75,52,200 to ₹11,76,05,536 consequent to this allotment. The newly allotted shares will rank pari-passu with existing equity shares in all respects.
The disclosure references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026. The information will be made available on the company's website www.cleanmax.com.