CarTrade Tech Limited has issued a postal ballot notice seeking shareholder approval for a special resolution to increase the remuneration of its Executive Director and Chief Financial Officer. The notice, dated January 28, 2026, outlines the company's proposal to enhance compensation for Mrs. Aneesha Bhandary in recognition of her contributions to the organization.

Proposed Remuneration Structure

The company has detailed a comprehensive remuneration package for Mrs. Aneesha Bhandary, Executive Director and CFO, effective for a three-year period from April 01, 2026 to March 31, 2029. The proposed compensation structure includes both fixed and variable components designed to align with the company's performance objectives.

The remuneration package also encompasses additional benefits including club facilities, medical and life insurance coverage, telecommunication facilities, and employee stock options as per company policies.

E-Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, utilizing remote electronic voting exclusively. Shareholders will participate in the decision-making process through a structured e-voting system managed by MUFG Intime India Private Limited.

Executive Profile and Qualifications

Mrs. Aneesha Bhandary brings substantial experience to her role as Executive Director and CFO. As a chartered accountant with 19 years of experience in finance, she joined the company ecosystem in December 2015 and has progressively advanced through key positions. Her appointment as CFO occurred on July 21, 2020, followed by her elevation to Executive Director on April 23, 2021.

Regulatory Compliance and Justification

The proposed remuneration increase addresses potential scenarios where the company may have inadequate profits during the specified period. Under the Companies Act, 2013, particularly Schedule V provisions, companies with insufficient profits require special resolution approval for director remuneration exceeding prescribed limits.

The company's board and Nomination and Remuneration Committee have recommended this increase based on Mrs. Bhandary's performance and contribution to organizational growth. The remuneration structure aligns with industry standards for similar positions in comparable organizations.

Shareholder Participation Guidelines

Shareholders eligible to vote include those whose names appear in the Register of Members or Register of Beneficial Owners as of the cut-off date. The company will send postal ballot notices exclusively via email to registered addresses, following Ministry of Corporate Affairs circulars regarding digital communication.

Mr. Muffaddal Jawadwala of M/s M. Jawadwala & Co., Practicing Company Secretaries, has been appointed as the Scrutinizer to ensure fair and transparent conduct of the postal ballot process. The voting results will be published on the company website and communicated to stock exchanges where CarTrade Tech shares are listed.

Tata Mutual Fund and its associated investment schemes have disclosed a substantial acquisition in CarTrade Tech Limited under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure reveals a strategic increase in the fund house's stake in the automotive technology company through secondary market purchases.

Acquisition Details

The transaction involved the purchase of 90,522 equity shares, representing 0.19% of CarTrade Tech's total share capital. The acquisition was completed on January 28, 2025, through secondary market purchases on the Bombay Stock Exchange and National Stock Exchange of India.

Fund Schemes Involved

The acquisition was made collectively by multiple Tata Mutual Fund schemes acting in concert:

• Tata Balanced Advantage Fund
• Tata Digital India Fund
• Tata India Consumer Fund
• Tata Small Cap Fund
• Tata Value Fund

None of these acquiring entities belong to the promoter or promoter group of CarTrade Tech Limited.

Regulatory Compliance

The disclosure was filed under Regulation 29(1) of SEBI regulations, which mandates disclosure when an acquirer's shareholding crosses certain thresholds. The document was signed by Mr. R. Padmanabhan on behalf of Tata Asset Management Private Limited on January 29, 2025.

The acquisition demonstrates Tata Mutual Fund's continued interest in the automotive technology sector, with CarTrade Tech being a prominent player in India's online automotive marketplace. The fund house's increased stake reflects confidence in the company's business model and growth prospects in the digital automotive space.