CarTrade Tech Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the increase in remuneration for Mrs. Aneesha Bhandary, Executive Director and Chief Financial Officer. The company announced the results on March 05, 2026, following the completion of remote e-voting procedures.

Voting Process and Timeline

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and related regulations. The company had initially intimated the exchanges about this postal ballot on January 30, 2026. Key dates for the voting process were structured as follows:

Resolution Details and Voting Results

The special resolution sought approval for increasing the remuneration of Mrs. Aneesha Bhandary (DIN: 07779195), who serves as Executive Director and Chief Financial Officer of the company. The voting results demonstrated strong shareholder support across all categories.

Comprehensive Voting Statistics

The overall participation and approval metrics highlight the resolution's acceptance among shareholders. Out of the total outstanding shares, 53.79% participated in the voting process. The final tally showed 502 members voting in favor compared to 59 members voting against the resolution.

Regulatory Compliance and Documentation

The postal ballot process was overseen by Muffaddal Jawadwala of M. Jawadwala & Co., Company Secretaries, who served as the scrutinizer. The e-voting services were provided by MUFG Intime India Private Limited through their Instavote platform. The company has submitted the voting results and scrutinizer's report to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 and 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Corporate Governance Framework

The resolution was categorized as a special resolution under the Companies Act, 2013, requiring a higher threshold of approval. Notably, the promoter and promoter group were not interested in this particular agenda, ensuring independent decision-making by public shareholders. The voting results and scrutinizer's report have been made available on the company's website and the registrar's e-voting platform for transparency and stakeholder access.

CarTrade Tech has officially launched SuperDost, an artificial intelligence-powered transaction tool designed to facilitate instant connections between buyers and sellers in the automotive and used goods marketplace. The company announced the launch through a regulatory filing under Regulation 30, highlighting the tool's capability to leverage the combined scale of over 85 million unique monthly visitors across its platforms.

AI-Powered Transaction Platform

SuperDost operates as a live AI agent that implements CarTrade Tech's 'Matchmaker' strategy by utilizing proprietary data from OLX India and CarWale platforms. The tool is designed to drive real-time, high-intent transactions between buyers and sellers across automotive and used product categories.

Platform Scale and Performance

CarTrade Tech serves over 150 million annual users across each of its platforms, with approximately 95% of traffic being organic. The company has demonstrated consistent growth over the past three years with a revenue CAGR of 32%, EBITDA CAGR of 112%, PAT CAGR of 83%, and EPS CAGR of 92%.

Key Capabilities and Features

SuperDost offers comprehensive functionality including image detection capabilities, multilingual support, AI lead reasoning, direct calling features, smart follow-up mechanisms, and location-based intelligence. Users can simply upload a photo of their vehicle, and the AI tool will match them with relevant buyers or sellers instantly.

Management Perspective

Akshay Shankar, Chief Product Officer at CarTrade Tech, emphasized that SuperDost brings together the company's strengths within a unified AI-powered interface. He noted that the tool will enable smarter matchmaking, faster transactions, and improved efficiency for both buyers and sellers across the automotive and used products ecosystem.

The initial rollout targets used car dealers, providing them with an AI-powered transaction tool to instantly sell vehicles or acquire inventory. The company expects SuperDost to increase conversion rates, reduce time-to-transaction, deepen customer engagement, and unlock scalable monetization opportunities across its ecosystem.