The members of the nomination and remuneration committee of Max Ventures and Industries Ltd on August 21, 2017 have approved the allotment of 2,14,553 shares of face value of Rs. 10 each of the company to certain stock option holders arising from the exercise of stock options granted by the company.
Consequent to the aforesaid allotment, the paid up equity share capital of the company stands increased from Rs. 72,43,35,520 to Rs. 72,64,81,050 comprising of 7,26,48,105 equity shares of Rs. 10 each.