EPL Limited Completes ESOP Trust Formation with Regulatory Submission
EPL Limited has successfully completed the formation of its ESOP Trust following shareholder approval and submitted the trust deed to stock exchanges for regulatory compliance. The trust structure includes corporate and individual trustees to administer the Employee Stock Option Scheme 2025 covering up to 8,00,50,370 options for employees.
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EPL Limited has successfully completed the formation of its Employee Stock Option Scheme 2025 (ESOS 2025) trust structure following shareholder approval and has now submitted the required trust deed documentation to stock exchanges for regulatory compliance.
Trust Deed Submission and Regulatory Compliance
On December 21, 2025, EPL Limited submitted its ESOP Trust Deed to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 3(3) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The trust deed was executed on December 19, 2025, and registered with the Joint Sub-Registrar, Mumbai-5 on December 20, 2025.
| Parameter | Details |
|---|---|
| Trust Name | EPL ESOP Trust |
| Trust Deed Date | December 19, 2025 |
| Registration Date | December 20, 2025 |
| Registrar Office | Joint Sub-Registrar, Mumbai-5 |
| Initial Corpus | ₹10,000 |
Trust Structure and Trustees
The EPL ESOP Trust has been constituted as an irrevocable private trust under the Indian Trusts Act, 1882, with a diverse trustee structure combining corporate and individual expertise:
| Trustee Category | Name/Entity | Designation |
|---|---|---|
| Corporate Trustee | Qapita Equity Tech Limited | Professional Trust Services |
| Individual Trustee 1 | Ms. Sonal Jain | Global Chief Human Resources Officer |
| Individual Trustee 2 | Mr. Sunny Kumar | General Manager Human Capital |
Previous Shareholder Approval Results
The trust formation follows the overwhelming shareholder support received through postal ballot concluded on December 14, 2025:
| Resolution | Votes in Favor | Votes Against | Approval Rate |
|---|---|---|---|
| ESOS 2025 Approval | 2,09,40,196 shares | 42,48,464 shares | 83.13% |
| Subsidiary Employee Options | 2,09,40,186 shares | 42,48,474 shares | 83.13% |
ESOS 2025 Scheme Features
The approved scheme maintains its comprehensive structure for employee motivation and retention:
| Parameter | Details |
|---|---|
| Total Options | Up to 8,00,50,370 stock options |
| Eligible Participants | Employees of EPL Limited and subsidiaries |
| Vesting Period | 1 to 7 years from grant date |
| Exercise Price | Market price with maximum 20% discount |
| Exercise Period | 60 months from vesting date |
Trust Operations and Governance
The trust has been established with its principal office at Top Floor, Times Tower, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai 400013. The trust structure enables the company to subscribe to fresh equity shares and transfer them to beneficiaries upon option exercise, while maintaining compliance with applicable regulations.
The completion of trust formation and regulatory submission represents a significant milestone in EPL Limited's talent retention strategy, providing a structured framework for employee stock option administration across the organization and its subsidiaries.
Historical Stock Returns for EPL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.20% | -3.33% | +3.47% | -9.75% | -22.54% | -19.20% |
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