Restated and amended trust deed of Employees Benefit Trust shared with exchanges

Hexaware shared the restated and amended trust deed of Hexaware Employees Benefit Trust, formerly the Hexaware Employees Stock Option Trust 2024.

Sat 10 Oct 2026

Trust Deed Execution

executed at Mumbai on October 9, 2026

Trustees (Min / Max)

Minimum 2 (two) and maximum 4 (four)

Plans Administered

Hexaware Employees Stock Option Plan 2024 and Hexaware Employees Restricted Stock Unit Plan 2026

Restated and amended trust deed shared

• The company has shared the restated and amended trust deed of the Hexaware Employees Benefit Trust, executed at Mumbai on October 9, 2026.
• The trust was earlier known as the Hexaware Employees Stock Option Trust – 2024 and has been renamed Hexaware Employees Benefit Trust, with effect from the date of the deed.

What the trust administers

• The Trustees hold and apply the Trust Fund for share-based employee benefit plans of the company, including the Hexaware Employees Stock Option Plan 2024 and the Hexaware Employees Restricted Stock Unit Plan 2026.
• Each such plan, upon becoming subject matter of the Trust, is deemed an integral part of the Trust and is subject to members' approval by way of a special resolution.
• The objects of the Trust include acquiring or facilitating acquisition of shares of the settlor, holding, transferring or otherwise disposing of them, and administering and funding cashless exercise introduced or offered by the settlor.

Key terms set out in the deed

• The Trust shall be and remain irrevocable for all time till the object of the Trust is extinguished or fulfilled.
• The Trustees shall ensure that the Trust does not enter into any derivatives contract or purchase, sell or deal in any derivatives product, either directly or through any broker or agent.
• The Trust Fund may remain in cash, be deposited with a commercial scheduled bank in India, or be invested in a manner consistent with the Indian Trusts Act, 1882; shares may be acquired from the settlor and other sources as permitted.
• The Trust shall be valid until the object of the Trust is discharged, or destruction of the Trust Property, whichever is earlier.

Trustee structure

• The minimum number of Trustees is 2 (two) and the maximum is 4 (four).
• Where a corporate trustee is sought to be appointed, the minimum reads as 1 (one) such Trustee as a sole Corporate Trustee.
• Trustees may form one or more committees and frame rules and regulations for the management of the Trust.

Office of the trust

• The principal office of the Trust is at the registered office of the company — 8th floor, 13th Level, Q1, Loma Co-Developers I Private Limited, Plot no. Gen-4/1, TTC Industrial Area, Ghansoli, Navi Mumbai, Maharashtra, 400710.
• The office has changed from 152, Millenium Business Park, Sector 3R TTC Industrial Area, Mahape, Navi Mumbai – 400710.

Beneficiaries

• The settlor may add the name of any employee as a Beneficiary who, at the date of exercise of the right, is an Eligible Employee.
• In the event an Eligible Employee ceases to be in the service or employment of the settlor, such employee ipso facto ceases to be a Beneficiary, unless otherwise decided by the settlor and/or the Trustees.
• Beneficiaries have a right to information and a right to trust accounts showing income, expenses and distributions.

How this reads for a shareholder

• This is an administrative update about the trust that runs the company's employee stock-based plans, and it restates and amends the earlier trust deed.
• The deed covers how the Trust is constituted, funded, governed and brought to an end, while the plans it administers operate subject to members' approval by special resolution.
• Shares held or acquired by the Trust form part of the Trust Property.

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