Tracxn Technologies Allots 49,320 Shares Under Employee Stock Option Plan
Tracxn Technologies Ltd has announced the allotment of 49,320 Equity Shares through its Employee Stock Option Plan 2016 (ESOP 2016). The allotment was approved by the company's Nomination and Remuneration Committee.The newly allotted shares were granted to eligible grantees based on the exercise of stock options under the ESOP 2016. The exercise price for these options was set at Re. 1 per Equity Share. Following the allotment, the shares are stipulated to rank pari passu with the company's existing equity shares.
The exercise of the options resulted in the realization of Rs. 49,320 for Tracxn Technologies Ltd.
Capital Structure Increase
The allotment of shares has increased the company's paid-up share capital. The financial impact is summarized below:| Particulars | No. of Equity Shares | Amount (in Rs.) |
|---|---|---|
| Existing paid up share capital | 10,67,36,380 | 10,67,36,380/- |
| Post Allotment paid up share capital | 10,67,85,700 | 10,67,85,700/- |
Operational Details
The total number of options covered by this allotment was 49,320 equity shares, each having a face value of Re 1/-. All options were exercised for this current allotment.The company also noted the diluted earnings per share for the quarter ended 31 March 2026 is Rs (0.08) per share.
Regarding the structure of the shares, the equity shares arising from the exercise of options will rank pari passu with all other equity shares of the company for the time being in issue, and are not subject to any lock-in restriction beyond those mandated by applicable laws.
TRACXN Stock Price Movement
On Monday, Tracxn Technologies Limited shares edged higher, closing at ₹32.7, recording a 0.09% gain for the session. The stock traded actively throughout the day, settling within a range between ₹31.99 and ₹33.12, while registering a volume of 130,488 shares.Source:
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