CarTrade Tech Ltd Increases Paid-up Capital Following Allotment of Equity Shares via ESOPs
CarTrade Tech Limited reported a significant increase in its paid-up share capital following the allotment of equity shares to employees across three distinct Employee Stock Option Plan (ESOP) schemes. The transaction was approved by the Company's Board of Directors on June 11, 2026.The allocation of shares under ESOP 2010, ESOP 2011, and ESOP 2014 resulted in the paid-up share capital increasing from Rs. 47,92,80,350/- to Rs. 48,02,30,350/-. Correspondingly, the total number of equity shares increased from 4,79,28,035 to 4,80,23,035, with all newly issued shares having a face value of Rs. 10/- each.
The allotment involved various plans designed for employee benefit. The details of the shares allotted under these schemes are provided below:
| ESOP Plan | Number of Shares Issued | Share Face Value | Total Issued Shares After Allotment |
|---|---|---|---|
| ESOP 2010 | 7,500 | Rs. 10/- | 47,93,55,35 |
| ESOP 2011 | 11,790 | Rs. 10/- | 47,94,73,25 |
| ESOP 2014 | 75,710 | Rs. 10/- | 48,02,30,35 |
Details regarding the respective plans, including exercise prices and premiums for the shares allotted under ESOP 2010, ESOP 2011, and ESOP 2014, were provided in supporting annexures.
The allotment confirms that all equity shares issued pursuant to the exercise of stock options will rank pari-passu with the existing equity shares of CarTrade Tech Limited. The company has maintained a focus on employee share benefits through these structured schemes.
CARTRADE Stock Price Movement
Shares of Cartrade Tech Limited are shedding value as of 1:28 PM, dropping 4.42% in live trading to trade at ₹2343. The stock has seen significant intraday movement, ranging from a low of ₹2318 to a high of ₹2485.2 amid a volume of 1.73 million shares traded.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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