Cartrade Tech Limited — Important, 20-12-2024: Updates

The Board of CarTrade Tech Limited has approved the allotment of 65,750 equity shares under its Employee Stock Option Plans (ESOP 2015 and ESOP 2021(I)). This issuance increases the paid-up share capital from ₹47.30 crore to ₹47.37 crore, translating to a total of 4,73,67,085 equity shares. Specifically, 50,500 shares were allocated under ESOP 2015 at exercise prices ranging from ₹140 to ₹472, and 15,250 shares under ESOP 2021(I), priced between ₹644.03 and ₹825. This allotment is not considered material for the company. Investors should take note of the slight dilution in existing share capital but recognize the potential for employee engagement and retention through these options. Positive outlook remains as the company continues to enhance its workforce incentives.