CarTrade Tech has announced the grant of 75,000 stock options to eligible employees under its Employee Stock Option Plan 2021 (I) (ESOP 2021 (I)). The decision was made by the Nomination and Remuneration Committee (NRC) during their meeting held on January 28, 2026. These options are granted as per the SEBI regulations.
ESOP Grant Details
CarTrade Tech Limited has granted 75,000 ESOP options to its eligible employees as part of the company’s ESOP 2021 (I) plan. The grant was approved by the Nomination and Remuneration Committee (NRC) on January 28, 2026.
Key Highlights of the Grant
Here are the key details of the stock option grant:
Number of Options Granted: 75,000 options, each convertible into one equity share of face value ₹10.
Pricing: The ESOPs are granted at 0% discount to the market price, which is the average closing price of the company’s equity shares over the 30 days preceding the grant date.
Vesting Schedule: The options will vest as follows:
25% at the end of the 1st year from the Grant date.
25% at the end of the 2nd year from the Grant date.
25% at the end of the 3rd year from the Grant date.
25% at the end of the 4th year from the Grant date.
Exercise Period: Vested options can be exercised within 2 years after the grant date and must be exercised within 10 years from the date of grant.
The ESOP 2021 (I) is administered by the Nomination and Remuneration Committee of the Company, with eligibility based on criteria defined in the Scheme.
Source: BSE
