Titan Company Limited has officially announced a modification to its Employee Stock Option Trust following a change in the composition of its trustees. This update, formalized through a First Deed of Variation, streamlines the governance of the trust. These administrative changes ensure that the company continues to align its employee benefit structures with its organizational objectives and performance-linked incentive frameworks.
Trustee Composition Restructuring
Titan Company Limited has formally updated the structure of its Employee Stock Option Trust. As of April 7, 2026, the board has finalized a variation to the original trust deed, which was initially established on February 9, 2023. This adjustment involves a reconstitution of the leadership responsible for managing the trust, which plays a pivotal role in the company’s employee reward and retention programs.
Updated Trustee Board
Following the execution of the First Deed of Variation, the management of the Titan Employee Stock Option Trust will be overseen by the following appointed trustees:
- Mr. Swadesh Behera
- Ms. Priya Mathilakath
- Mr. Sharad Kumar Goyal
Strategic Context
The trust was originally created to foster ownership among employees and align individual performance with the company’s Limited Performance Based Unit Scheme. By updating the trustee composition, Titan Company aims to maintain robust oversight of its equity-based incentive programs, ensuring continued motivation and alignment across its workforce in line with the company’s long-term corporate governance standards.
Source: BSE
