Trust deed of Krizm Hotels Pvt. Ltd. Employees Welfare Trust amended; trustees changed, powers widened

Second addendum signed to the trust deed of Krizm Hotels Pvt. Ltd. Employees Welfare Trust.

Fri 9 Oct 2026

Trustees Appointed

Aradhana Lal, Naresh Kumar, Vibhuti Verma

Second Addendum Executed On

9 October 2026

Stamp Duty on Addendum

100 (One Hundred only)

What the update says

Lemon Tree Hotels Limited has informed NSE and BSE that the trust deed of Krizm Hotels Pvt. Ltd. Employees Welfare Trust has been modified, by way of a Second Addendum executed on 9 October 2026 at New Delhi. The original trust deed was executed on 16 March 2007 and was amended on 1 September 2017. The trust is an irrevocable trust established for administration of the Employees Stock Option Program and for holding shares for and on behalf of eligible employees.

Change in trustees

• Mr. Vikramjit Singh and Mr. Rajiv Tyagi shall cease to be trustees of the trust.
• The trust shall henceforth be administered by Ms. Aradhana Lal, Mr. Naresh Kumar and Ms. Vibhuti Verma as trustees.
• These individuals have agreed to act as trustees and to hold the trust funds and assets for the purposes contained in the trust deed and its amendments.

Additional powers of the trustees

• Sell, transfer or otherwise dispose of the shares or other assets held by the trust, in accordance with applicable law and the ESOP plans.
• Repay the loans and other forms of financial assistance availed by the trust from the company, from the funds available with the trust.
• Apply the trust fund, trust property or any part of it for the welfare of employees, in accordance with applicable laws.
• Provide housing, transportation, medical, canteen or any other facility for the benefit of employees, with or without cost basis.

How the addendum fits in

The amendment is supplemental to the original deed and forms an integral part of it, which continues to have effect. Where the original deed and the addendum differ, the terms of the addendum override and supersede the original deed to the extent of the contradiction.

Cost recorded

The addendum carries stamp duty of 100 (One Hundred only), paid by Lemon Tree Hotels Ltd.

How this can be read

This is a housekeeping-type compliance disclosure. It records who administers the company's employee-benefit trust and what powers those trustees hold. The company describes the disclosure as for information and records.

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