CarTrade Tech Limited has completed the allotment of 49,175 equity shares to eligible employees under its Employee Stock Option Plans (ESOPs) on December 11, 2025. The Board of Directors approved this allotment through a circular resolution, marking a significant milestone in the company's employee benefit programs.

ESOP Allotment Details

The allotment was executed across three distinct ESOP schemes, each with specific terms and exercise prices:

Share Capital Enhancement

The allotment has resulted in a substantial increase in the company's share capital structure. The paid-up share capital has grown from ₹47,79,37,600.00 to ₹47,84,29,350.00, representing an increase of ₹4,91,750.00.

Exercise Price Structure

The ESOP 2015 scheme showed the most complex pricing structure with two different exercise prices: ₹472.00 for 22,500 equity shares and ₹140.00 for 7,000 equity shares. Similarly, ESOP 2021(I) featured three distinct exercise prices: ₹573.30 for 1,500 shares, ₹644.03 for 1,425 shares, and ₹825.00 for 2,750 shares.

Regulatory Compliance

The company has fulfilled all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. All newly allotted equity shares will rank pari-passu with existing equity shares of the company, ensuring equal rights and benefits for all shareholders.

Market Listing Details

The allotted shares carry the ISIN number INE290S01011 and will be listed on both BSE Limited (Scrip Code: 543333) and National Stock Exchange of India Limited (Scrip Symbol: CARTRADE). The company has clarified that this allotment is not material in nature, indicating minimal impact on overall market capitalization and trading dynamics.

CarTrade Tech , a prominent player in the automotive digital space, has announced that it will not be proceeding with the previously discussed merger with Girnar Software. The companies had been in talks to potentially combine their automotive classifieds businesses, specifically CarDekho and BikeWale, in India.

Merger Talks Conclusion

CarTrade Tech Limited and Girnar Software Private Limited have mutually decided to abandon their proposed consolidation of automotive classifieds businesses. This decision marks the end of discussions that could have significantly altered the landscape of the online automotive marketplace in India.

Future Focus for CarTrade Tech

Following this development, CarTrade Tech has stated that it will focus on strengthening its existing portfolio. This includes:

• CarWale
• BikeWale
• OLX India
• Shriram Automall

The company has also indicated that it will continue to evaluate strategic opportunities in the future, suggesting an openness to potential partnerships or acquisitions that align with its business goals.

Market Implications

The decision not to proceed with the merger maintains the current competitive landscape in the digital automotive sector. Both CarTrade Tech and Girnar Software will continue to operate their respective platforms independently, which may lead to:

• Continued competition in the online automotive classifieds space
• Potential for innovation as companies seek to differentiate their offerings
• Opportunities for other strategic partnerships or consolidations in the industry

Company Background

CarTrade Tech Limited operates in the automotive digital space, providing various services related to buying and selling vehicles online. The company's decision to focus on its existing portfolio while remaining open to strategic opportunities demonstrates its commitment to growth and adaptability in the dynamic automotive market.

As the digital automotive sector continues to evolve, stakeholders and market observers will be watching closely to see how CarTrade Tech and other players in the industry navigate the competitive landscape and pursue growth strategies.