Tracxn Technologies has announced a significant expansion of its Employee Stock Option Plan (ESOP) pool, allocating 99,707 new equity shares to eligible employees.
This move, disclosed in an exchange filing today, involves issuing the shares under the TRACXN Employee Stock Option Plan 2016 (ESOP 2016) at a nominal exercise price of Re 1 per share.
With the closing price of INR 91.47 on August 5, the newly allotted ESOPs are valued at approximately INR 91.2 lakh.
The company’s paid-up share capital has increased to 10,45,69,038 from 10,44,69,331.
The newly allotted options can be exercised within five years from their vesting date.
This expansion follows previous allocations of 3.6 lakh shares last month, 2.06 lakh in June, and 1.99 lakh in May under the same ESOP 2016 plan.
Tracxn’s move comes amid strong financial performance.
The company reported an 84.6% increase in profit after tax (PAT) to INR 1.27 crore, up from INR 68.93 lakh year-over-year.
Despite this growth, there was a 10.5% sequential decline in PAT from INR 1.42 crore in Q4 FY24.
Revenue from operations for Q1 FY25 was INR 20.53 crore, a 3.6% increase year-over-year and a 1% rise quarter-over-quarter.
This expansion of the ESOP pool highlights Tracxn’s ongoing commitment to rewarding and retaining its employees, reflecting a broader strategy to leverage employee ownership as a key element of its growth and success.
