Arvind Limited has officially submitted the duly executed Trust Deed for the ‘AL ESOP Trust’ to the stock exchanges. This filing complies with Regulation 3(3) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The Trust has been established by the Company for the purpose of administering and implementing the new ‘AL – Employee Stock Option Scheme 2021’. The submission marks a crucial administrative step in rolling out the new employee benefit plan.
Corporate Filing Compliance Achieved
Arvind Limited announced on 18th March, 2026, that it has completed a significant regulatory filing related to its employee incentive structure. The company has submitted the duly executed copy of the Trust Deed of the newly formed ‘AL ESOP Trust‘ to the BSE Limited and the National Stock Exchange of India Limited.
This action is undertaken specifically pursuant to Regulation 3(3) of the relevant SEBI regulations concerning share-based employee benefits. The purpose of the Trust is to manage and execute the recently established ‘AL – Employee Stock Option Scheme 2021‘.
Trust Deed Execution Details
The Trust Deed was formally executed on 16th March, 2026, the effective date, establishing an irrevocable trust. The key parties involved in this settlement are:
- The Settlor: Arvind Limited, represented by Mr. Binod Kumar Mandal.
- The Trustee: MUFG Intime India Private Limited (formerly Link Intime India Private Limited).
The Settlor confirmed handing over the Initial Corpus of Rs. 10,000/- to the Trustees upon execution. The Trust’s objects primarily focus on administering, managing, and funding the ESOP Scheme in compliance with the Scheme terms and Applicable Laws.
Governing Structure and Powers
The document outlines that the Settlor retains the power to amend the Scheme and the Trust Deed, provided such changes are not detrimental to the Beneficiaries’ interests. Trustees are restricted from exercising voting rights on shares held by the Trust to prevent misuse.
The Trustees possess broad powers for administration, including appointing service providers, borrowing funds, and entering into necessary agreements for the Scheme’s purpose. A key operative resolution from the Management Committee, dated 13th February, 2026, had previously authorized specific officers—including Mr. Jayesh Shah (Whole time Director & Group CFO) and Mr. Binod Kumar Mandal—to sign and execute the Trust Deed.
Source: BSE
