CarTrade Tech Files Corrigendum for 35,100 ESOP Shares Allotment Details
CarTrade Tech Limited filed a corrigendum on March 19, 2026, to correct its original March 13 intimation regarding 35,100 equity shares allotment under ESOP schemes. The correction revealed that shares were distributed across four schemes (ESOP 2010, 2011, 2015, and 2021(I)) instead of three, with ESOP 2015's 2,000 shares initially omitted from the original filing.
*this image is generated using AI for illustrative purposes only.
CarTrade Tech Limited has filed a corrigendum on March 19, 2026, to correct its original intimation dated March 13, 2026, regarding the allotment of 35,100 equity shares under Employee Stock Option Plans. The company had inadvertently omitted reference to Employee Stock Option Plan 2015 in its original filing, though the total number of shares allotted remained accurate.
Corrected ESOP Scheme Distribution
The corrigendum clarifies that shares were allocated across four distinct Employee Stock Option Plans, not three as originally reported. The corrected distribution shows accurate scheme participation and regulatory compliance.
| ESOP Scheme: | Shares Allotted | Exercise Price Range |
|---|---|---|
| ESOP 2010: | 5,000 | Rs. 140.00 |
| ESOP 2011: | 25,000 | Rs. 34.00 |
| ESOP 2015: | 2,000 | Rs. 472.00 |
| ESOP 2021(I): | 3,100 | Rs. 644.03 - Rs. 825.00 |
| Total: | 35,100 |
Share Capital Impact
The allotment resulted in an increase in the company's paid-up share capital structure, with all figures remaining unchanged from the original intimation.
| Parameter: | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Share Capital: | Rs. 47,84,29,350 | Rs. 47,87,80,350 |
| Total Equity Shares: | 4,78,42,935 | 4,78,78,035 |
| Face Value per Share: | Rs. 10 | Rs. 10 |
ESOP 2015 Correction Details
The corrigendum specifically addresses the omitted ESOP 2015 scheme, providing complete regulatory disclosures as required under SEBI regulations.
| ESOP 2015 Particulars: | Details |
|---|---|
| Shares Issued: | 2,000 |
| Exercise Price: | Rs. 472.00 |
| Premium per Share: | Rs. 462.00 |
| Distinctive Numbers: | 47872936 - 47874935 |
| Filing Date with Exchanges: | September 4, 2021 |
ESOP 2021(I) Revised Details
The corrigendum also provides corrected information for ESOP 2021(I), showing a total of 3,100 shares instead of the previously reported 5,100 shares.
| ESOP 2021(I) Breakdown: | Shares | Exercise Price | Premium |
|---|---|---|---|
| Tier 1: | 1,350 | Rs. 825.00 | Rs. 815.00 |
| Tier 2: | 1,750 | Rs. 644.03 | Rs. 634.03 |
| Total: | 3,100 | ||
| Distinctive Numbers: | 47874936 - 47878035 |
Regulatory Compliance
The company has informed both BSE Limited and National Stock Exchange of India Limited about this corrigendum in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Complete disclosures have been provided under Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. All newly allotted equity shares rank pari-passu with existing equity shares, ensuring equal rights for all shareholders. The corrected documentation is available on the company's website at cartradetech.com.
Historical Stock Returns for CarTrade Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.95% | +1.47% | -1.59% | -29.80% | -1.85% | +16.59% |
Will CarTrade Tech accelerate its ESOP allotments in 2026 to retain talent amid increasing competition in the automotive tech sector?
How might the significant variation in exercise prices across ESOP schemes (Rs. 34 to Rs. 825) impact employee retention and motivation going forward?
Could this filing error indicate potential gaps in CarTrade Tech's regulatory compliance processes that might affect future corporate actions?
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