EPL Limited has announced a change in the composition of the EPL ESOP Trust, following the resignation of a trustee. A Supplemental Trust Deed was executed on April 16, 2026, to formally incorporate these changes. Ms. Jaya Mohan has been appointed as the new Incoming Trustee, replacing the outgoing trustee, Mr. Sunny Kumar. This strategic adjustment ensures the continuity and effective administration of the company’s employee stock option scheme for the future.
Trustee Appointment and Governance
EPL Limited has officially modified its EPL ESOP Trust structure to maintain robust corporate governance and operational efficiency. The Board of Directors, at their meeting held on March 31, 2026, approved the appointment of Ms. Jaya Mohan as a new trustee. This change follows the resignation of Mr. Sunny Kumar, effective March 17, 2026, necessitating an update to the original trust deed.
Formalizing the Supplemental Trust Deed
To reflect this leadership update, the company executed and registered a Supplemental Trust Deed on April 16, 2026. This legal instrument integrates the new appointment into the existing framework, ensuring that the EPL ESOP Trust continues to function in accordance with the company’s internal schemes and guidelines. The document confirms that the Incoming Trustee holds the same rights, duties, and powers as the existing trustees.
Trust Composition Overview
The revised composition of the EPL ESOP Trust now includes Qapita EquityTech Limited serving as the Corporate Trustee, alongside individual trustees Ms. Sonal Jain and Ms. Jaya Mohan. These appointments are part of the company’s ongoing commitment to transparently administering its employee benefits and incentive programs.
Source: BSE
