Usha Martin Limited announced the execution of a supplemental trust deed for its Employee Welfare Trust on November 8, 2025. This modification involves changes to the trustees, with Mr. Ashwin Lakhani and Mr. Shahbaz Anwar Warsi appointed as new trustees. The supplemental deed integrates with the original trust deed, ensuring the continued administration of employee welfare schemes.
Trusteeship Changes
As of November 8, 2025, Usha Martin Limited has modified the Deed of Usha Martin Limited Employee Welfare Trust to reflect new trustees. This change involves the appointment of new individuals to oversee the trust’s operations.
New Trustee Appointments
Mr. Ashwin Lakhani and Mr. Shahbaz Anwar Warsi have been officially appointed as Trustees of the Usha Martin Limited Employee Welfare Trust. They will succeed Mr. Gouri Shankar Rathi and Mr. Dhanraj Parihar, who will cease to be trustees, effective from the date of the supplemental deed.
Confirmation and Acceptance
Mr. Lakhani and Mr. Warsi have formally accepted their appointments and have agreed to abide by the provisions outlined in the Trust Deed and all applicable laws. This ensures a smooth transition and continued compliance with the established guidelines for the Employee Welfare Trust.
Deed Integration
The supplemental deed, dated November 8, 2025, is an integral part of the original Trust Deed, and all provisions of the original deed remain in effect except as specifically amended within the supplement. This ensures the continued implementation and administration of the Employee Welfare Trust.
Source: BSE
