ESOP Trust trustees appointed: three employee trustees and one independent trustee

The company has informed the stock exchanges about the appointment of trustees of its ESOP Trust.

Wed 7 Oct 2026

Trustees Appointed

Four persons have been appointed — three employee trustees and one independent trustee

Employee Trustees

Debopriya Sengupta (VP – Human Resource), Ankur Jolly (VP – Legal) and Shivank Aggarwal (Internal Auditor)

Independent Trustee

Manoj Khanna is the independent trustee

What the company informed the exchanges

• The company has informed BSE and NSE about the appointment of trustees of its ESOP Trust.
• The trust will have four trustees: three employee trustees and one independent trustee.
• The employee trustees are Debopriya Sengupta, Vice-President – Human Resource; Ankur Jolly, Vice-President – Legal; and Shivank Aggarwal, Internal Auditor.
• Manoj Khanna is the independent trustee.
• The independent trustee is an individual, identified in place of the corporate trustee that was proposed in the postal ballot notice dated July 16, 2026.
• Each of them is stated to be eligible to be appointed as a trustee in terms of Regulation 3(4) of the SEBI SBEB Regulations.
• The Board meeting commenced at 05:00 p.m. and concluded at 06:40 p.m.

What an ESOP Trust does

An ESOP Trust is set up to hold shares for a company's employee stock option or stock purchase scheme. The trust holds those shares and, when employees' options vest and are exercised, the shares reach the employees. The trustees are the people who administer the trust — how its shares are held, and how they are transferred to employees.

What this means for a retail investor

• This is an administration and governance update about who manages the employee-benefit trust. It is not a statement about the company's sales, profits, orders or expansion.
• Three of the four trustees are company officials holding senior roles in Human Resource, Legal and Internal Audit. The fourth is an independent trustee.
• The disclosure is about the identity of the trustees of the ESOP Trust; the persons named are the ones who will act as its trustees.

How the news may be perceived

The announcement concerns the composition of the trust that administers employee stock benefits, a matter of internal governance. For a shareholder, such disclosures are usually read as part of the regular flow of company updates on how its employee schemes are managed, rather than as an event that changes the company's operations or earnings.

Points to keep in mind

• The update names the trustees and their roles; the details of any employee scheme to be administered by the trust are not part of this announcement.
• The change from a corporate trustee to an individual independent trustee links back to the postal ballot notice dated July 16, 2026.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.