Max Healthcare Institute Ltd has allotted 57,461 fully paid-up equity shares of face value Rs 10 each to eligible employees under its Employee Stock Option Scheme (ESOP) 2022, the company said in a stock exchange filing on April 1. 

The allotment was approved by the company’s Nomination & Remuneration Committee at 9:06 am, following the exercise of vested stock options by employees. The shares were issued at an exercise price of Rs 350 per share, which includes a premium of Rs 340 per share. 

Following the allotment, Max Healthcare’s paid-up equity share capital increased to Rs 973,19,25,020, comprising 97,31,92,502 equity shares, up from 97,31,35,041 shares earlier. 

The newly allotted shares will rank pari passu with the existing equity shares in all respects, and the company clarified that there is no lock-in applicable on these shares as they were issued in dematerialised form. 

The filing further noted that the allotment is not material in nature under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, but has been disclosed in line with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. 

This move reflects Max Healthcare’s continued focus on employee ownership and long-term value creation through stock-linked incentives, aligning talent retention with shareholder interests.