Cartrade Tech Limited has informed the Exchange regarding 'Allotment of 50,000 equity shares under ESOP 2011 of CarTrade Tech Limited '.
CARTRADE · price
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Cartrade Tech Limited has allotted 50,000 equity shares to eligible employees under the Employee Stock Option Plan 2011 (ESOP 2011). The shares have a face value of Rs. 10 each and were issued at an exercise price of Rs. 34 per share, generating a premium of Rs. 24 per share. Following this allotment, the company's paid-up share capital has increased from Rs. 47.88 crore to Rs. 47.93 crore, with total equity shares now at 4,79,28,035. The company has clarified that this allotment is not material in nature. The new shares will rank pari-passu with existing equity shares.
This is a routine ESOP exercise with minimal dilution (0.1% increase in share count). The small quantum of shares and company's own assessment of non-materiality suggests negligible impact on stock price or shareholder value.