Apollo Tyres Limited has informed the Exchange regarding 'Restated Trust Deed of Apollo Tyres Welfare Trust'.
APOLLOTYRE · price
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Apollo Tyres has submitted a Restated Trust Deed of the Apollo Tyres Welfare Trust to the stock exchanges, as required under SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. The trust, originally created in March 2010 with an initial corpus of Rs. 1 lakh, is being restated to align with the new Apollo Tyres Ltd Employees Stock Option Scheme 2025. The restated deed was approved by the Board on February 6, 2025 and executed on April 18, 2025, replacing the original 2010 deed and an April 16, 2025 amendment. Vistra ITCL (India) Limited will continue to act as the trustee. The trust is irrevocable and will hold, manage, and distribute shares to employees under ESOPs, RSUs, ESPS, SARs, and other equity-based benefit schemes.
This is a routine regulatory compliance filing and does not have a direct material impact on shareholders or the stock price. It primarily affects current and future employees who may receive stock-based incentives under the company's ESOP scheme, ensuring the trust structure is properly aligned with the new 2025 ESOP scheme.