ACME Solar Holdings Limited has established an irrevocable trust named ‘ACME Employees Welfare Trust’ to manage the ACME Employee Stock Option Plan 2024. The trust, formed on September 11, 2025, with an initial corpus of ₹10,000, aims to undertake various welfare measures for the benefit of identified employees, ensuring effective administration of the company’s stock option scheme.
Employee Welfare Trust Formation
ACME Solar Holdings Limited has announced the formation of an irrevocable trust called ‘ACME Employees Welfare Trust’. This trust has been established for the purpose of administering the ACME Employee Stock Option Plan 2024, which aims to benefit the company’s employees through welfare measures.
Key Details of the Trust
The trust was officially formed on September 11, 2025, as stated in the announcement. The initial corpus of the trust is ₹10,000 (Rupees Ten Thousand only). Catalyst Trusteeship Limited has been appointed as the trustee for this initiative.
Purpose and Administration
The primary purpose of the trust is to undertake various welfare measures for the benefit of the identified employees, including the implementation of long-term incentive plans. The trust will manage the ACME Employee Stock Option Plan 2024, ensuring that the employees benefit from the company’s scheme. This is aligned with the company’s commitment to employee welfare and long-term incentive plans.
Trust Activities and Objectives
The trust’s main objectives include implementing and managing the schemes formulated by ACME Solar, subscribing to and holding shares for the benefit of employees, and allotting/transferring shares to beneficiaries upon the exercise of options. It will also repay loans and financial assistance provided by ACME Solar, carry out beneficial acts for identified employees, and borrow funds for purchasing company equity shares.
Trustee Responsibilities
The trustee will maintain sole custody of original documents, receive and utilize income from trust property, and open and operate bank accounts. They will also manage payroll deductions, seek favorable concessions and benefits, and ensure compliance with applicable laws.
Trust Modification and Dissolution
The trust can be modified as per the conditions outlined in the trust deed, ensuring that any changes align with the objectives and interests of the beneficiaries. The trust will be valid until the earlier of the expiry of the trust period or its termination/dissolution, as per the terms stated in the announcement.
Source: BSE
