Cartrade Tech Limited has informed the Exchange regarding 'Allotment of 1,11,875 equity shares under ESOP 2011, ESOP 2015 and ESOP 2021(I) of CarTrade Tech Limited ( the Company ).'.
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On August 28, 2025, the Board of CarTrade Tech allotted 1,11,875 equity shares (face value Rs. 10) to eligible employees exercising vested stock options across three ESOP plans. This includes 60,000 shares under ESOP 2011 (exercise prices Rs. 21 and Rs. 34), 20,400 shares under ESOP 2015 (Rs. 140 and Rs. 472), and 31,475 shares under ESOP 2021(I) (Rs. 644.03 and Rs. 825). As a result, the company's paid-up share capital rose from Rs. 47.49 crore (4,74,94,085 shares) to Rs. 47.60 crore (4,76,05,960 shares). The newly issued shares carry no lock-in and will rank equally with existing shares. The company itself has clarified that this allotment is not material in nature.
This is a routine, small ESOP allotment causing only about 0.02% dilution in the share count, with no material effect expected on the stock price or shareholder value. The higher exercise prices (especially under ESOP 2021(I) at Rs. 644–Rs. 825) suggest employees are being rewarded at meaningful valuations.