CarTrade Tech Limited has officially announced the grant of 50,000 stock options to an eligible employee. This move, sanctioned by the Nomination and Remuneration Committee on May 7, 2026, aligns with the company’s Employee Stock Option Plan 2021. Each option carries the potential to be converted into one equity share with a face value of Rs. 10, with a structured four-year vesting schedule for the recipient.
Stock Option Grant Overview
On May 7, 2026, the Nomination and Remuneration Committee of CarTrade Tech Limited approved the grant of 50,000 ESOP options. These options have been issued to a selected eligible employee, who is a relative of a Director of the company, under the framework of the ESOP 2021 (I) scheme.
Exercise Price and Conversion
The exercise price for these options is set at a 0% discount to the market price. The market price is determined by the lower of the closing share price on the last trading day preceding the grant or the 30-day average of closing prices on the recognized stock exchange. Each option is exercisable into one equity share with a face value of Rs. 10.
Vesting Schedule and Exercise Timeline
The options follow a systematic four-year vesting schedule, with 25% of the options vesting at the end of each year from the date of the grant. Regarding the timeline for exercise, the beneficiary can only begin exercising vested options two years after the grant date, and all options must be fully exercised within ten years from the original date of the grant.
Source: BSE
