CarTrade Tech Limited — Proxy Solicitation & Information Statement 2022

Apr 15, 2022

Date: April 15, 2022

To, To, Department of Corporate Services, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange plaza, Plot No. C/1, G Block Dalal Street Bandra Kurla Complex, Bandra East, Mumbai - 400001 Mumbai – 400051 Scrip Code: 543333 Scrip Symbol: CARTRADE

ISIN: INE290S01011

Subject: Additional information with respect to the postal ballot notice dated March 28, 2022 (“PB Notice”)

With reference to the captioned matter, the Company is furnishing following additional information in relation to Item No. 1 set out in the PB Notice, for the kind attention of the members of the Company.

As disclosed in the explanatory statement to Item 1 of the PB Notice, exercise price for the options issued under CarTrade Tech Limited Employee Stock Option Plan 2021 I (“ ESOP 2021 (I) ”) is equal to either of the following as decided by the Board of Directors (“ Board ”):

• (i) the fair market value as certified by an independent valuer at the time of grant of the options (“ FMV ”), or

• (ii) at such discount to the FMV at the time of grant of options as may be decided by the Board / Nomination and Remuneration Committee of the Company.

With respect to (ii) above, please note that the discount to the FMV for the exercise price of the options to be granted to the employees of the Company under the ESOP 2021 (I) shall not be more than 20% of the FMV at the time of grant of options.

The above information is to be read in conjunction with the PB Notice. All other contents of the PB Notice shall remain unchanged.

Please disseminate the above additional information to the public and take it on record.

Thanking you. Yours Faithfully For CarTrade Tech Limited

Pal Lal Digitally signed by Pal Lal Bahadur Bahadur Deepnarayan Deepnarayan

_____________________________________ Lalbahadur Pal Company Secretary and Compliance Officer Membership No. A40812

CarTrade Tech Limited (formerly known as MXC Solutions India Private Limited) Reg. Off. & Corp. Off: 12[th] Floor Vishwaroop IT Park, Sector 30A, Vashi, Navi Mumbai 400705. W: cartradetech.com | T: +91 22 6739 8888 | CIN: L74900MH2000PLC126237

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