CleanMax Allots 8,740 Equity Shares Under ESOS Following Exercise of Vested Stock Options

CleanMax Enviro Energy Solutions Limited has allotted 8,740 equity shares under its Employee Stock Option Scheme 2015 (CMES ESOS) following the approval of its Stakeholders Relationship Committee on July 13, 2026. The allotment includes 4,370 equity shares issued upon the exercise of vested stock options and 4,370 bonus shares allotted in a 1:1 ratio to eligible employees.

The company said the vested stock options were exercised at an exercise price of ₹1 per option, with the newly allotted shares ranking pari passu with the existing equity shares in all respects. Following the allotment, CleanMax’s paid-up share capital increased from ₹11,72,17,410 to ₹11,72,26,150.

According to the disclosure, the current allotment relates to 4,370 vested stock options exercised under the CMES ESOS. Eligible employees also received an equal number of bonus shares pursuant to the 1:1 bonus issue approved by shareholders in August 2025, taking the total allotment to 8,740 equity shares.

The company stated that the equity shares allotted under the employee stock option scheme are not subject to any lock-in period, while the exercise price remains at the face value of ₹1 per share. It added that the terms of the stock options remain unchanged, except for adjustments made following the sub-division of equity shares and the bonus issue, in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

CleanMax further noted that the allotment is expected to have no material impact on the company’s earnings per share, as the number of shares issued is negligible.