CarTrade Tech Files Corrigendum for 35,100 ESOP Shares Allotment Details

CarTrade Tech Limited has filed a corrigendum on March 19, 2026, to correct its original intimation dated March 13, 2026, regarding the allotment of 35,100 equity shares under Employee Stock Option Plans. The company had inadvertently omitted reference to Employee Stock Option Plan 2015 in its original filing, though the total number of shares allotted remained accurate.

Corrected ESOP Scheme Distribution

The corrigendum clarifies that shares were allocated across four distinct Employee Stock Option Plans, not three as originally reported. The corrected distribution shows accurate scheme participation and regulatory compliance.

ESOP Scheme: Shares Allotted Exercise Price Range ESOP 2010: 5,000 Rs. 140.00 ESOP 2011: 25,000 Rs. 34.00 ESOP 2015: 2,000 Rs. 472.00 ESOP 2021(I): 3,100 Rs. 644.03 - Rs. 825.00 Total: 35,100

Share Capital Impact

The allotment resulted in an increase in the company's paid-up share capital structure, with all figures remaining unchanged from the original intimation.

Parameter: Before Allotment After Allotment Paid-up Share Capital: Rs. 47,84,29,350 Rs. 47,87,80,350 Total Equity Shares: 4,78,42,935 4,78,78,035 Face Value per Share: Rs. 10 Rs. 10

ESOP 2015 Correction Details

The corrigendum specifically addresses the omitted ESOP 2015 scheme, providing complete regulatory disclosures as required under SEBI regulations.

ESOP 2015 Particulars: Details Shares Issued: 2,000 Exercise Price: Rs. 472.00 Premium per Share: Rs. 462.00 Distinctive Numbers: 47872936 - 47874935 Filing Date with Exchanges: September 4, 2021

ESOP 2021(I) Revised Details

The corrigendum also provides corrected information for ESOP 2021(I), showing a total of 3,100 shares instead of the previously reported 5,100 shares.

ESOP 2021(I) Breakdown: Shares Exercise Price Premium Tier 1: 1,350 Rs. 825.00 Rs. 815.00 Tier 2: 1,750 Rs. 644.03 Rs. 634.03 Total: 3,100 Distinctive Numbers: 47874936 - 47878035

Regulatory Compliance

The company has informed both BSE Limited and National Stock Exchange of India Limited about this corrigendum in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Complete disclosures have been provided under Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. All newly allotted equity shares rank pari-passu with existing equity shares, ensuring equal rights for all shareholders. The corrected documentation is available on the company's website at cartradetech.com.

CarTrade Tech Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the increase in remuneration for Mrs. Aneesha Bhandary, Executive Director and Chief Financial Officer. The company announced the results on March 05, 2026, following the completion of remote e-voting procedures.

Voting Process and Timeline

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and related regulations. The company had initially intimated the exchanges about this postal ballot on January 30, 2026. Key dates for the voting process were structured as follows:

Parameter: Details Cut-off Date: January 23, 2026 E-voting Period: February 02, 2026 (9:00 AM) to March 03, 2026 (5:00 PM) Vote Unblocking: March 04, 2026 Results Declaration: March 05, 2026

Resolution Details and Voting Results

The special resolution sought approval for increasing the remuneration of Mrs. Aneesha Bhandary (DIN: 07779195), who serves as Executive Director and Chief Financial Officer of the company. The voting results demonstrated strong shareholder support across all categories.

Voting Category: Shares Held Votes Polled Votes in Favour Votes Against Approval Rate Public Institutions: 35697346 25724425 25707592 16833 99.93% Public Non-Institutions: 12145589 11730 10807 923 92.13% Total: 47842935 25736155 25718399 17756 99.93%

Comprehensive Voting Statistics

The overall participation and approval metrics highlight the resolution's acceptance among shareholders. Out of the total outstanding shares, 53.79% participated in the voting process. The final tally showed 502 members voting in favor compared to 59 members voting against the resolution.

Metric: Count Percentage Total Valid Votes: 25736155 100.00% Votes in Favour: 25718399 99.93% Votes Against: 17756 0.07% Voter Turnout: 53.79% -

Regulatory Compliance and Documentation

The postal ballot process was overseen by Muffaddal Jawadwala of M. Jawadwala & Co., Company Secretaries, who served as the scrutinizer. The e-voting services were provided by MUFG Intime India Private Limited through their Instavote platform. The company has submitted the voting results and scrutinizer's report to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 and 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Corporate Governance Framework

The resolution was categorized as a special resolution under the Companies Act, 2013, requiring a higher threshold of approval. Notably, the promoter and promoter group were not interested in this particular agenda, ensuring independent decision-making by public shareholders. The voting results and scrutinizer's report have been made available on the company's website and the registrar's e-voting platform for transparency and stakeholder access.

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