Cartrade Tech Limited has informed the Exchange regarding 'Allotment of 41,200 equity shares under ESOP 2010, ESOP 2015 and ESOP 2021 (I) of CarTrade Tech Limited'.
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On May 7, 2025, the Board of CarTrade Tech approved the allotment of 41,200 equity shares to eligible employees upon exercise of vested stock options. The shares were issued under three ESOP schemes: 21,000 shares under ESOP 2010 at an exercise price of Rs. 11 each, 17,200 shares under ESOP 2015 at Rs. 472 each, and 3,000 shares under ESOP 2021 (I) at Rs. 644.03 each. As a result, the company's paid-up equity share capital rose from Rs. 47.44 crore (4,74,37,835 shares) to Rs. 47.48 crore (4,74,79,035 shares), an increase of about 0.087%. The company clarified that this allotment is not material in nature, and the new shares will rank equally with existing equity shares with no lock-in period.
This is a routine, non-material ESOP allotment with no significant dilution impact (less than 0.1% increase in share count). Shareholders are largely unaffected, though the exercise prices being well below the current market price reflects value being transferred to employees through stock options.