CarTrade Tech has announced the allotment of 50,000 equity shares under its Employee Stock Option Plan 2011 (ESOP 2011). The Board of Directors approved this allotment via a circular resolution on 9 April 2026. Each share has a face value of ₹10, issued to eligible employees who exercised their vested options.
Following this allotment, CarTrade Tech's paid-up share capital has increased from ₹47,87,80,350, consisting of 4,78,78,035 equity shares, to ₹47,92,80,350, consisting of 4,79,28,035 equity shares. The shares were issued at an exercise price of ₹34 per share, with a premium of ₹24 per share.
The shares, bearing the ISIN INE290S01011, will rank pari passu with the existing equity shares of the company, meaning they will have the same rights and privileges. There are no lock-in conditions applicable to these shares.
CarTrade Tech's equity shares are listed on both BSE Limited and the National Stock Exchange of India Limited. The allotment details are also available on the company's official website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).