Jubilant FoodWorks has amended its private trust deed to facilitate the implementation of the JFL Employees Stock Option Scheme 2025 (ESOP 2025). This amendment, effective as of October 28, 2025, enables the trust to administer the ESOP 2025, along with previous schemes such as ESOP 2016, ESOP 2011, and JFGEBS, ensuring effective employee benefits management and compliance with relevant regulations.
Amended Trust Deed Overview
Jubilant FoodWorks Limited has officially amended and restated its Deed of Private Trust. The amended trust deed, dated October 28, 2025, is designed to facilitate the administration of the company’s employee stock option schemes through the JFL Employees Welfare Trust. This move ensures the trust is fully equipped to handle the new ESOP 2025.
Key Changes and Implications
The primary reason for the amendment is to incorporate the implementation of the JFL Employees Stock Option Scheme 2025 through the ESOP Trust. The updated deed now allows the trust to effectively manage and administer not only the new ESOP 2025 but also existing schemes, including ESOP 2016, ESOP 2011, and JFGEBS.
Trustee Appointments
The trust is managed by two trustees: Mr. Ashwani Malhotra (First Trustee) and Mr. Shyamsundar Bang (Second Trustee). These appointments ensure the trust operates under experienced management, handling all trust properties and activities as outlined in the amended deed.
Trust Objectives
The trust aims to hold and administer trust property in accordance with the schemes and applicable laws, promote employee welfare through various programs, and carry out welfare activities for the benefit of employees. All activities are subject to the oversight and direction of the company’s committee, ensuring alignment with the company’s overall objectives.
Source: BSE
