Tracxn has expanded its employee stock option plan with allotment of 99,707 to its eligible employees
Each equity share is valued at Re 1, pursuant to the exercise of stock options granted thereunder
With this allotment, the existing paid-up share capital has increased to 10,45,69,038 (10.45 Cr) from 10,44,69,331 (10.44 Cr) earlier
Market intelligence platform Tracxn
Technologies has expanded its employee stock option plan (ESOP) pool by allocating 99,707 to its eligible employees.
The company in an exchange filing today (August 5), said, “it has approved the allotment of 99,707 equity shares under TRACXN Employee Stock Option Plan 2016 (ESOP 2016) to the eligible grantees at an exercise price of Re 1/-per equity share, pursuant to the exercise of stock options granted thereunder.”
Based on the stock’s closing price of Tracxn on Monday, the newly allotted ESOPs are worth INR 91.2 Lakh.
With this allotment, the existing paid-up share capital has increased to 10,45,69,038 (10.45 Cr) from 10,44,69,331 (10.44 Cr) earlier.
Notably, the options can be exercised within five years from the date of vesting of the respective options.
The fresh ESOP allotment follows Tracxn’s allotment of 3.6 Lakh equity shares to eligible employees under its ESOP 2016 last month.
Before that, in June the startup allotted 2.06 Lakh shares under the ESOP 2016 plan, raising the total paid-up share capital to INR 10.41 Cr from 10.39 Cr. Not to mention, Tracxn offered 1.99 Lakh shares as part of the ESOP 2016 plan in May.
The development comes against the backdrop of Tracxn’s profit after tax zooming 84.6% to INR 1.27 Cr from INR 68.93 in the year-ago period. However, on a sequential basis, it reported a 10.5% decline in its PAT from INR 1.42 Cr in Q4 FY24.
Revenue from operations stood at INR 20.53 Cr in Q1 FY25, up 3.6% from INR 19.82 Cr in the corresponding quarter previous year. On a QoQ basis, operating revenue rose 1%.
