This is to inform you that Nomination & Remuneration Committee of the Company has today i.e. October 06, 2022, approved allotment of 9,896 Equity Shares of face value of Rs. 10/- each of the Company to the option holders arising from the exercise of Stock Options granted to employees under 'Max Ventures and Industries Employee Stock Plan - 2016' of the Company. Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased from Rs. 1,47,09,37,300/- to Rs. 147,10,36,260/- comprising of 14,71,03,626 Equity Shares of Rs. 10/- each.