Cartrade Tech Limited has informed the Exchange regarding 'Allotment of 35,100 equity shares under ESOP 2010, ESOP 2011 and ESOP 2021(I) of CarTrade Tech Limited ( the Company )'.
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CarTrade Tech Limited allotted 35,100 equity shares to eligible employees who exercised their vested stock options under three ESOP schemes — 5,000 shares under ESOP 2010 at Rs. 140 each, 25,000 shares under ESOP 2011 at Rs. 34 each, and 5,100 shares under ESOP 2021 (I) at prices ranging from Rs. 472 to Rs. 825 per share. The allotment was approved via circular resolution on March 13, 2026. As a result, the company's paid-up share capital rose from Rs. 47.84 crores to Rs. 47.88 crores, with total equity shares increasing from 4,78,42,935 to 4,78,78,035. The company clarified that this allotment is not material in nature. No lock-in restrictions apply and the new shares rank equally with existing shares.
This is a routine ESOP allotment with negligible dilution (less than 0.1% increase in share count) and is explicitly stated as non-material, so it is unlikely to have any meaningful effect on the stock price or shareholder value.