Max India Limited announced that its Nomination and Remuneration Committee approved the allotment of 118,222 equity shares with a face value of Rs 10 each to eligible employees and subsidiaries, following the exercise of vested stock options under the Employee Stock Option Plan, 2020. Consequently, the company's issued, subscribed, and paid-up capital increased from Rs 56,20,24,560 comprising 5,62,02,456 equity shares to Rs 56,32,06,780 comprising 5,63,20,678 equity shares, as disclosed on August 5, 2026.