CarTrade Tech Grants 50,000 Stock Options Under ESOP 2021 (I) to Eligible Employee
CarTrade Tech announced the grant of 50,000 stock options under ESOP 2021 (I) to an eligible employee who is a relative of a Director, as approved by the Nomination and Remuneration Committee on May 07, 2026. Each option is convertible into one equity share of face value Rs.10, priced at 0% discount to market price, with a 4-year vesting schedule of 25% annually and an exercise window between year 2 and year 10 from the grant date.
*this image is generated using AI for illustrative purposes only.
CarTrade Tech has announced the grant of 50,000 stock options to an eligible employee under its Employee Stock Option Plan 2021 (I). The decision was taken by the company's Nomination and Remuneration Committee during a meeting held on May 07, 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The options have been granted to a selected eligible employee who is a relative of a Director of the Company. Each ESOP option is convertible into 1 equity share with a face value of Rs.10. The total number of shares covered by these options is 50,000 equity shares. The scheme is in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2021.
The pricing of the ESOPs is set at a 0% discount to the market price of the company's equity shares. The market price is defined as the lower of the closing price on the recognized stock exchange on the last trading day preceding the date of grant, or the average of the closing prices for the 30 days preceding the date of grant.
Vesting and Exercise Schedule
The vesting of the stock options will occur annually over a four-year period from the grant date. The schedule is structured such that 25% of the options vest at the end of each year. Once vested, the options can be exercised only two years after the date of grant and must be exercised within ten years from the date of grant.
The table below summarizes the key details of the grant:
| Particulars: | Details |
|---|---|
| Total Options Granted | 50,000 |
| Shares Covered | 50,000 Equity Shares |
| Face Value | Rs.10 per share |
| Pricing Discount | 0% to market price |
| Vesting Period | 4 years (25% annually) |
| Exercise Window | From 2nd year to 10th year |
Scheme Administration and Entitlements
The administration of the ESOP 2021 (I) is handled by the Nomination and Remuneration Committee. The grant is based on specific eligibility criteria mentioned in the scheme. Upon vesting and payment of the exercise price along with applicable taxes, the option holder is entitled to acquire the corresponding number of equity shares.
Historical Stock Returns for CarTrade Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.72% | +20.42% | +10.82% | -32.48% | +16.74% | +30.24% |
How might the grant of ESOPs to a relative of a Director impact corporate governance perceptions and investor confidence in CarTrade Tech?
Could CarTrade Tech's ESOP activity signal broader talent retention challenges in the competitive online automotive marketplace sector?
How will the four-year vesting schedule align with CarTrade Tech's projected business growth milestones and stock performance targets?
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