CarTrade Tech Ltd

CarTrade Tech Limited trading window closed from October 1, 2026 until 48 hours after declaration of unaudited standalone and consolidated financial results for the quarter ending September 30, 2026

AGM details

• AGM held September 25, 2026 at 11:00 AM IST via VC/OAVM.
• Mode: VC/OAVM.
• Record date: September 18, 2026.
• Shareholders on record: 144,050.

Key resolutions

• Adopt audited standalone and consolidated financial statements for FY ended March 31, 2026.
• Re-appoint Aneesha Bhandary as director on rotation.
• Approve related party transaction among Shriram Automall India Ltd, Shriram Finance Ltd, and CarTradeExchange Solutions Pvt Ltd.

Voting outcomes

• All resolutions passed by requisite majority as per Scrutinizer's report.
• Voting conducted by remote e-voting and e-voting at AGM.

Material related party transactions

• Approval of RPT among Shriram Automall India Ltd, Shriram Finance Ltd, and CarTradeExchange Solutions Pvt Ltd.

AGM details

• AGM held on 25 September 2026 at 11:00 IST via VC/OAVM.

Resolutions

• Ordinary: adoption of standalone and consolidated financial statements for FY ended 31 March 2026.
• Ordinary: re-appointment of Aneesha Bhandary by rotation.
• Special/Ordinary: approval of related party transactions with Shriram Finance Limited and affiliates for FY2026-27.

Voting status

• Voting results not disclosed in the provided summary.

Dividends

• Dividend proposal or declaration not mentioned.

Directors and auditors

• No new director appointments; Aneesha Bhandary's re-appointment noted.
• Statutory auditors attended; no changes disclosed.

Related party transactions

• Approval of related party transactions with Shriram Finance Limited and affiliates for FY2026-27.

Other material approvals

• No other material approvals disclosed.

Meeting Details

• Analyst day on September 24, 2026 at 11:00 am IST, group meeting for investor interactions (virtual/physical).

ESOP allotment details

• Board approved allotment of 102,850 equity shares under ESOP 2021(I) on Sept 17, 2026.
• Paid-up share capital increases to Rs 48,61,48,850 from Rs 48,51,20,350.
• Total issued shares after issue: 4,86,14,885.
• Par value per share is Rs 10.
• Exercise price per share by tranche: Rs 825, Rs 573.30, Rs 644.03.
• Premium per share by tranche: Rs 815, Rs 563.30, Rs 634.03.
• Intimation notes the allotment is not material in nature to the Company.

Event

• OLX India launches Elite Buyer for Businesses to assist dealers, resellers, and businesses procuring inventory.

Momentum metrics

• Elite Buyer sign-ups: 80,000 in May 2026; 100,000 in July 2026; 5,000+ daily additions.

Product capabilities

• Includes VAYA Match making, Price Intelligence, Condition Check, and AI-led tools.
• Covers cars, bikes, real estate, electronics, mobiles and jobs.

Outlook

• Aims to make procurement smarter and more efficient for businesses.

Elite Buyer for Businesses launch

• OLX India launches Elite Buyer for Businesses for dealers and resellers.
• Elite Buyer for Businesses expands on existing Elite Buyer offering.
• Sign-ups: 80,000 in May 2026; 100,000 in July 2026.
• Currently, more than 5,000 new buyers added daily.
• AI-enabled tools include VAYA Matchmaking, Price Intelligence and Condition Check.
• Categories covered include cars, bikes, real estate, electronics, mobiles and jobs.
• OLX India is part of CarTrade Tech Limited.
• The initiative targets procurement efficiency for frequent buyers.

AGM notice and AR access

• AGM scheduled for September 25, 2026 at 11:00 AM IST via VC/OAVM.
• Notice and Annual Report for FY 2025-26 to be sent electronically to registered shareholders.
• Web-link provided to access Annual Report: https://www.cartradetech.com/for-investors.html
• Cut-off date for non-registered emails: August 28, 2026.
• Shareholders without registered emails should update with Depository Participants or the RTA.
• RTA contact for queries: MUFG Intime India Private Limited.
• Encourages Green Initiative through electronic communications.

Key highlights

• FY26 total revenue ₹870 crore; up 22% YoY.
• EBITDA ₹257 crore; margin 33%.
• PAT ₹244 crore; up 68% YoY.
• Cash reserves ₹1,244 crore; debt-free balance sheet.
• FY26 dividend not declared; Dividend policy in place.
• Avg monthly visitors across platforms ~80 million.
• OLX India chats: 2.3 billion.
• OLX India yearly users: 173 million+.
• Sobek Auto India acquired Aug 2023; Sobek remains a material subsidiary.