CARE Ratings Allots 300 Equity Shares Under ESOP, Grants 18,000 Fresh Stock Options
CARE Ratings Limited's NRC, at its meeting on May 04, 2026, approved the allotment of 300 equity shares of face value Rs. 10/- each under CARE Employee Stock Option Scheme 2020, increasing paid-up share capital from Rs. 30,04,88,630/- to Rs. 30,04,91,630/-. The NRC also granted 18,000 fresh stock options to eligible employees at an exercise price of Rs. 1,590/-, compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Options will vest equally in three annual tranches from the date of grant, with an exercise period of 2 years from the date of vesting.
*this image is generated using AI for illustrative purposes only.
The Nomination and Remuneration Committee (NRC) of CARE Ratings Limited approved the allotment of 300 equity shares of face value Rs. 10/- each, fully paid up, to employees of the company pursuant to the exercise of their options under CARE Employee Stock Option Scheme 2020. The meeting of the NRC was held on May 04, 2026, commencing at 2:30 PM and concluding at 5:30 PM.
Impact on Paid-Up Share Capital
The allotment of 300 equity shares has resulted in an increase in the company's paid-up share capital. The following table summarises the change:
| Metric: | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Share Capital: | Rs. 30,04,88,630/- | Rs. 30,04,91,630/- |
| Number of Equity Shares: | 3,00,48,863 | 3,00,49,163 |
| Face Value per Share: | Rs. 10/- | Rs. 10/- |
Grant of Fresh Stock Options
In addition to the share allotment, the NRC also approved the grant of 18,000 stock options to eligible employees under the CARE Employee Stock Option Scheme 2020. The scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The key terms and conditions of the options granted are detailed below:
| Parameter: | Details |
|---|---|
| No. of Stock Options Granted: | 18,000 (Eighteen Thousand) |
| Equity Shares Covered: | 18,000 equity shares of face value Rs. 10/- each |
| Exercise Price: | Rs. 1,590/- |
| SEBI Regulation Compliance: | Yes — SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 |
| Exercise Period: | 2 years from the date of vesting of options |
Vesting Schedule
The 18,000 stock options will vest in equal tranches over a period of three years from the date of grant, as outlined below:
- 1/3rd of options vest on completion of one year from the date of grant
- 1/3rd of options vest on completion of the second year from the date of grant
- 1/3rd of options vest on completion of the third year from the date of grant
The information pertaining to the allotment and the grant of stock options has been made available on the company's website at www.careedge.in . The disclosure was made by Manoj Kumar CV, Company Secretary & Compliance Officer of CARE Ratings Limited.
Historical Stock Returns for CARE Ratings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.41% | +6.28% | +12.73% | +5.08% | +32.11% | +222.28% |
How might the exercise price of Rs. 1,590 per option compare to CARE Ratings' market price trajectory over the next three years, and what does this signal about management's confidence in the company's valuation?
As CARE Ratings continues to expand its ESOP program, how could the gradual dilution of equity impact earnings per share and shareholder returns over the vesting period?
Could the structured three-year vesting schedule for the 18,000 new options indicate a strategic retention push ahead of anticipated business growth or competitive pressures in the credit rating industry?
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