JSW Dulux Limited has taken a significant step forward by adopting the Employee Stock Option Scheme 2026 (ESOP 2026), following the necessary approvals from its Board of Directors and shareholders. The scheme is designed to be administered and implemented through a dedicated trust.
The Board of Directors approved the ESOP 2026 during a meeting held on 23rd March 2026, and the shareholders gave their consent via special resolutions passed through a postal ballot on 26th April 2026. The scheme aims to provide stock options to employees, aligning their interests with the company’s growth and success.
In accordance with these approvals, JSW Dulux has executed an ESOP Trust Deed dated 26th May 2026. This deed, signed with the designated trustees, establishes an irrevocable trust under the provisions of the Indian Trusts Act, 1882. The trust is specifically formed to administer the ESOP 2026, ensuring that it operates smoothly and effectively.
A copy of the duly executed and registered ESOP Trust Deed was received by the company from the Joint Sub-Registrar in Mumbai on 27th May 2026. This document is in compliance with Regulation 3(3) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The company has ensured that all personal and confidential details of the company and the trustees have been removed from the public document to maintain privacy and confidentiality.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).