Cartrade Tech Grants 50,000 ESOP Options Under Employee Stock Option Plan 2021 (I)
Cartrade Tech Limited announced that its Nomination and Remuneration Committee (NRC) has granted 50,000 Employee Stock Option Plan (ESOP) options. The options are part of the ESOP 2021 (I) scheme and were granted during a meeting held on May 07, 2026.The committee confirmed the grant of 50,000 ESOP options to eligible employees of the Company, governed by the ESOP 2021 (I) plan.
Details of the ESOP Grant
The comprehensive details regarding the options granted are structured as follows, outlining the terms, total shares, and vesting schedule.| Sr. No | Particulars | Details |
|---|---|---|
| 1 | Brief details of the options granted | 50,000 ESOP options granted to selected eligible employee being relative of Director of the Company covered under Employee Stock Option Plan 2021 (I) ['ESOP 2021 (I)'] . |
| 2 | Whether the scheme is in terms of Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2021 | Yes |
| 3 | Total number of shares covered by these Options | 50,000 (Fifty Thousand) Equity Shares. Each ESOP option is convertible into 1 equity share of face value Rs.10/-. |
| 4 | Pricing formula/exercise price | The ESOPs are granted at an exercise price determined at 0% discount to the market price of the equity shares of the Company, wherein the 'market price' shall mean the lower of, the closing price of the equity shares on the recognized stock exchange on the last trading day preceding the date of grant; or the average of the closing prices of the equity shares for the thirty days preceding the date of grant on the recognized stock exchange. |
| 5 | Options vesting period/vesting schedule | In terms of ESOP 2021 (I) and subject to the conditions as specified in grant letter, ESOPs shall vest as under: i. 25 % of the stock options at the end of 1 st year from the Grant date; ii. 25 % of the stock options at the end of 2 nd year from the Grant date; iii. 25 % of the stock options at the end of 3 rd year from the Grant date; and iv. 25 % of the stock options at the end of 4 th year from the Grant date. |
Key Terms and Conditions
The options are subject to specific exercise timelines and plan governance details:| Sr. No | Particulars | Details |
|---|---|---|
| 6 | Time within which option may be exercised | All Vested Options can be Exercised only 2 (two) years after the date of Grant and must be Exercised within 10 (ten) years from the date of Grant. |
| 12 | Brief details of significant terms | The ESOP 2021 (I) is administered by the Nomination and Remuneration Committee of the Company. The grant of Options is based upon the eligibility criteria as mentioned in the Scheme. The granted Options, once vested shall entitle the Option holder to acquire equal number of Equity Shares, upon payment of exercise price and applicable taxes in accordance with terms and conditions of the Scheme. |
CARTRADE Stock Price Movement
Cartrade Tech Limited shares are rallying higher, edging up 7.34% to ₹1940 as of 11:49 AM, benefiting from positive market momentum. This surge is supported by significant trading activity, with the stock pushing up by ₹132.70 and registering a volume of 1.18 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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