Cartrade Tech Limited has informed the Exchange regarding 'Intimation of Grant of Stock Options under the Employee Stock Option Plan 2021 (I) [ ESOP 2021 (I) ] of CarTrade Tech Limited '.
CARTRADE · price
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Cartrade Tech Limited has informed exchanges that its Nomination and Remuneration Committee granted 50,000 stock options to an eligible employee who is a relative of a Director of the Company. Each option is convertible into 1 equity share of face value Rs.10. The exercise price is set at market price with no discount, calculated as the lower of the closing price on the last trading day before grant or the average closing price over the preceding 30 days. Options vest over 4 years at 25% per year, and must be exercised within 2 to 10 years from the grant date.
The grant is routine compensation-linked disclosure and has no immediate dilutive impact. The related-party nature (grant to director's relative) requires transparency but does not signal governance concerns.