CarTrade Tech Allots 50,000 Equity Shares Under ESOP 2011
CarTrade Tech Limited has allotted 50,000 equity shares under its Employee Stock Option Plan 2011 on April 09, 2026, at an exercise price of Rs. 34.00 per share with a premium of Rs. 24.00. The allotment increases the company's paid-up share capital to Rs. 47,92,80,350 and total equity shares to 4,79,28,035. The newly issued shares will rank pari-passu with existing shares and are compliant with SEBI regulations.
*this image is generated using AI for illustrative purposes only.
CarTrade Tech Limited has announced the allotment of 50,000 equity shares under its Employee Stock Option Plan 2011 (ESOP 2011) to eligible employees. The allotment was approved by the Board of Directors through a circular resolution passed on April 09, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Share Allotment Details
The allotted shares carry a face value of Rs. 10.00 each and were issued at an exercise price of Rs. 34.00 per share. The following table provides key details of the share allotment:
| Parameter: | Details |
|---|---|
| Number of Shares Allotted: | 50,000 |
| Face Value per Share: | Rs. 10.00 |
| Exercise Price per Share: | Rs. 34.00 |
| Premium per Share: | Rs. 24.00 |
| Date of Allotment: | April 09, 2026 |
Impact on Share Capital
Following this allotment, the company's share capital structure has been updated. The paid-up share capital has increased from Rs. 47,87,80,350 to Rs. 47,92,80,350, representing an addition of Rs. 5,00,000.
| Metric: | Before Allotment | After Allotment |
|---|---|---|
| Total Equity Shares: | 4,78,78,035 | 4,79,28,035 |
| Paid-up Share Capital: | Rs. 47,87,80,350 | Rs. 47,92,80,350 |
| Distinctive Numbers: | - | 4,78,78,036 – 4,79,28,035 |
Regulatory Compliance
The allotment has been conducted in accordance with multiple regulatory frameworks:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Employee Stock Option Plan 2011 guidelines
The company has clarified that while this intimation is made under Regulation 30 of the SEBI LODR Regulations, the allotment is not considered material in nature to the company. The newly allotted equity shares will rank pari-passu with the existing equity shares of the company, ensuring identical rights and privileges.
Share Characteristics
The allotted shares are equity shares with no lock-in restrictions and will be available in demat form under the ISIN number INE290S01011. These shares are identical in all respects to the existing shares of the company and will be listed on both BSE Limited and National Stock Exchange of India Limited where the company's shares are currently traded.
Historical Stock Returns for CarTrade Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.13% | +8.32% | +4.12% | -25.79% | +32.52% | +22.36% |
How might this ESOP allotment impact employee retention and talent acquisition strategies at CarTrade Tech in the competitive automotive technology sector?
What percentage of CarTrade Tech's total workforce is now covered under ESOP schemes, and are there plans to expand employee stock participation?
Could this ESOP exercise signal management's confidence in the company's future prospects, particularly given the current market conditions in the auto-tech industry?
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