Arvind has submitted the trust deed for its AL ESOP Trust in compliance with Regulation 3(3) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. This trust has been established to administer and implement the ‘AL – Employee Stock Option Scheme 2021′. The submission of this trust deed is a regulatory requirement aimed at ensuring transparency and compliance with SEBI’s guidelines on employee benefit schemes. The company has provided a duly executed copy of the trust deed, which outlines the framework for the administration of the employee stock option scheme. This move is part of Arvind‘s ongoing efforts to align with regulatory standards and provide structured employee benefits. The trust deed submission is intended for the records and information of the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).