Tracxn Technologies Limited, a leading global provider of market intelligence, has announced the allotment of 2,42,855 equity shares under its Employee Stock Option Plan (ESOP) 2016.
The allotment was approved by the company’s Nomination and Remuneration Committee via a circular resolution dated October 5, 2024.
The newly allotted shares are priced at a nominal value of Re. 1 per share.
The shares have been allotted to eligible grantees who exercised their stock options as per the terms of the ESOP 2016.
Following this allotment, Tracxn’s paid-up share capital has increased from 10,47,51,930 equity shares to 10,49,94,785 equity shares, each having a face value of Re. 1.
The issued shares will rank pari passu with the existing shares of the company, ensuring equal rights to all shareholders.
The total amount realized from this allotment is Rs. 2,42,855.
The company confirmed that there are no restrictions on the shares apart from those required by applicable laws.
With this allotment, Tracxn continues to expand its capital base while fostering employee participation in the company’s growth.
About Tracxn Technologies:
Founded in 2012, Tracxn Technologies is a Bengaluru-based market intelligence platform offering comprehensive data on startups, private companies, and emerging markets.
The platform is trusted by investors, corporates, and government entities for data-driven decision-making.
