Clean Max Enviro Energy Allots 46,978 Equity Shares Under Employee Stock Option Scheme

Clean Max Enviro Energy Solutions Limited has allotted 46,978 equity shares under its Employee Stock Option Scheme 2015 (CMES ESOS), following approval from the company’s Stakeholders Relationship Committee on September 3, 2026.

The fresh allotment consists of 23,489 equity shares issued after eligible employees exercised their vested stock options and an additional 23,489 bonus equity shares. The bonus shares were issued in a 1:1 ratio in accordance with a shareholder resolution passed on August 8, 2025.

Each equity share has a face value of INR 1. The exercise price was also fixed at INR 1 per option, resulting in the company receiving INR 23,489 as capital from the exercise of the stock options.

The newly allotted shares will rank pari-passu with the company’s existing equity shares. This means the new shares will have equal rights and benefits, including voting and dividend rights, as the existing shares. The shares will also be free from any lock-in restrictions.

Following the allotment, Clean Max Enviro Energy Solutions’ total paid-up equity share capital increased from INR 11,74,84,732 to INR 11,75,31,710.

The company stated that the additional shares are not expected to have any impact on diluted earnings per share (EPS), given the relatively small number of shares issued compared with its overall equity base.

The company made the disclosure to BSE Limited and the National Stock Exchange of India Limited (NSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure was submitted by Ullash Parida, Company Secretary and Compliance Officer. Clean Max also confirmed that the allotment and underlying employee stock option scheme comply with the applicable SEBI Share Based Employee Benefits and Sweat Equity Regulations.