Trust deed for ESOP trust shared; scheme covers up to ~85.18 lakh shares
Shriram Properties has shared the Trust Deed of the SPL ESOP Trust with the exchanges.
By ScoutQuest · · 2 min read
- Shares Covered by Scheme
- up to ~85.18 lakh equity shares of Rs. 10 each
- Share of Paid-up Capital
- 5% of paid-up capital as of March 31, 2025
- Initial Trust Corpus
- Rs. 1,000/-
What was shared
The company has submitted the Trust Deed of the SPL ESOP Trust to the stock exchanges. This trust is the vehicle that will hold shares and pass them on to employees under the Shriram Properties Employee Stock Option Scheme 2025.
Who is involved
- Settler: the company itself, represented by Mr. K. Ramaswamy, Company Secretary and Compliance Officer.
- Trustee: Braintrust Collectives LLP, represented by its Designated Partner Mr. Dayanand Lingaraj Guddin.
- The trust deed was executed on 16 October 2026.
How big the scheme is
The scheme allows up to ~85.18 lakh equity shares of Rs. 10 each to be created and granted to eligible employees. That equals 5% of the paid-up capital as of March 31, 2025.
How the trust can get the shares
- Primary issuance, meaning fresh shares issued by the company.
- Secondary acquisition, meaning shares bought from the market.
- Or a mix of both, capped at ~85.18 lakh shares.
Background
Members approved the scheme through special resolutions at the 4th Annual General Meeting after the IPO, held on September 26, 2025. The trust has been settled under the Indian Trusts Act, 1882, with an initial corpus of Rs. 1,000/- handed by the company to the trustee.
Why this matters to a retail investor
Employee stock option schemes are a way to attract, retain and reward employees of the company and its subsidiaries. The shares set aside are earmarked for employees.
What to keep in mind
- The 5% figure is measured against paid-up capital as of March 31, 2025, so the effective share of the company's equity depends on how many shares exist when they are actually issued.
- Shares bought from the market through the trust do not add to the share count; fresh issuance does.
- The deed sets out the legal arrangement between the company and the trustee; actual grants to employees happen under the scheme.
This update is a disclosure step that places the trust deed on record with the exchanges.
Also from Shriram Properties
Board approves appointment of two Non-Executive Independent Directors for five years
22 Oct 2026
Shriram Properties signs definitive pacts to buy out JV partners in four realty SPVs for ~₹3,700 lakhs
30 Sep 2026
More numbers
- Maximum shares under the ESOS 2025 scheme85,17,645
- Scheme shares as % of paid-up capital as on March 31, 20255%
- Face value per equity shareRs. 10
- Initial corpus handed to the trusteeRs. 1,000/-
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