Tracxn Technologies Allots 18,620 Shares Under Employee Stock Option Plan

Tracxn Technologies has allotted 18,620 equity shares to eligible employees after they exercised options granted under the company’s Employee Stock Option Plan 2016. 

The allotment was approved by Tracxn’s Nomination and Remuneration Committee through a circular resolution on October 7 and disclosed to the stock exchanges on October 8. 

Employees exercised the options at ₹1 per share, which is also the face value of each equity share. 

Company Receives ₹18,620 From ESOP Exercise 

In the current round, there have been exercises of 18,620 stock options, leading to the issue of an equivalent number of equity shares. 

With a rate of ₹1 per share, Tracxn has got ₹18,620 from the exercise. 

The issued equity shares will have the same rights as that of the already held equity shares by the company. 

As per the conditions of the ESOP scheme, stock options can be exercised within five years from their vesting date. 

Paid-Up Capital in Equity Shares Increased 

As Tracxn has issued equity shares on exercise of options, the company’s paid-up capital in equity shares has been increased on account of the issue of new shares. 

Prior to this transaction, the number of equity shares was 10,69,55,079 with paid-up capital being ₹10,69,55,079. 

Post this issue, the equity shares have increased to 10,69,73,699 with paid-up capital rising to ₹10,69,73,699. 

The increase in paid-up capital pertains only to the issue of 18,620 equity shares under ESOP scheme. 

Part of Tracxn’s 2016 ESOP Plan 

The latest allotment is part of Tracxn’s Employee Stock Option Plan 2016, under which eligible employees receive options that can later be converted into shares after meeting the applicable vesting conditions. 

The company has made similar allotments during the year. In September, Tracxn disclosed the allotment of another 30,048 shares under the same ESOP programme. 

Earlier, 6,442 shares were allotted under the plan in August. 

The latest filing does not disclose how many individual employees participated in the October exercise. 

No Lock-In Beyond Applicable Requirements 

Tracxn said the shares arising from the exercised options will not carry any separate lock-in restriction, apart from restrictions that may apply under existing laws. 

The company also disclosed that its diluted loss per share for the quarter ended June 30, 2026 stood at ₹0.28. 

The October 8 announcement is limited to the ESOP allotment and does not contain a separate update on Tracxn’s business performance or outlook. 

For shareholders, the immediate change is straightforward: 18,620 new shares have been issued following the exercise of employee options, resulting in a corresponding increase in Tracxn Technologies’ outstanding equity base.