Board approves trustees, Employees Welfare Trust registration and implementation of ESOP-2023 scheme

Board meeting on 3rd October 2026 approved setting up the Adroit Infotech Employees Welfare Trust.

Sat 3 Oct 2026

Board Meeting Date

3rd October 2026

Trust Approved

Adroit Infotech Employees Welfare Trust

ESOP Scheme

AIL ESOP-2023 Scheme

Meeting Time

02:00 PM to 03:15 PM

What the board approved

• Appointment of the proposed Trustees of the Adroit Infotech Employees Welfare Trust, who consented to act as Trustees, subject to applicable laws and regulatory requirements.
• Execution, stamping and registration of the Trust Deed, Trust Rules and Bye-Laws, with the Trustees or authorised representatives authorised to complete the formalities.
• Adoption and implementation of the Trust Funding Policy, Share Acquisition Policy, Trust Administration Policy and such other policies, rules, procedures and documents as may be required in connection with the Trust and the AIL ESOP-2023 Scheme.
• Opening and operation of one or more bank account(s) in the name of the Adroit Infotech Employees Welfare Trust, with KYC, documentation and banking formalities.

Registrations and updates

The Board approved and authorised the Trustees and/or authorised representatives to obtain registrations, approvals, permissions and updates with the Registrar of Companies, Income Tax Department, Stock Exchanges, SEBI, Depositories, and to obtain PAN and other registrations.

Implementation of the scheme

The Board authorised the Trustees to take all necessary steps for the implementation and administration of the AIL ESOP-2023 Scheme through the Trust, in accordance with the applicable scheme documents, approvals of the Members and applicable provisions of the Companies Act, SEBI regulations and other applicable laws.

How an employee welfare trust works

An employee welfare trust is the vehicle through which an employee stock option scheme is usually run. The trust is set up, its policies govern how it is funded and how it acquires shares, and the shares are then used for the scheme. The steps approved here, the trustee appointment, trust deed registration, policies and bank accounts, are the setup stage of that structure.

In this update, the Board notes that implementation of the scheme is to be done in accordance with the scheme documents and the approvals of the Members. The Trust Funding Policy and Share Acquisition Policy are the documents that the Board has adopted to govern the trust's funding and its acquisition of shares.

Meeting details

The meeting started at 02:00 PM and ended at 03:15 PM.

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