Digitide Solutions Limited has informed the Exchange about Submission of Digitide ESOP Trust Deed under Regulation 3(3) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
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Digitide Solutions Limited has established an irrevocable trust called 'Digitide ESOP Trust' to administer its Employee Stock Option Scheme 2026. The trust was formed on April 18, 2026, with Qapita Equity Tech Limited acting as the trustee. The company provided an initial corpus of Rs. 10,000 to the trust. The primary purpose is to attract, retain, and incentivize employees through equity-based compensation. The trust will acquire company shares through secondary acquisition or subscription and transfer them to beneficiaries upon exercise of stock options. The filing complies with SEBI's SBEB Regulations, 2021, which requires such trusts to be set up for administering employee stock benefit schemes.
For shareholders, this indicates potential future dilution as employee stock options are exercised. The ESOP can help the company attract and retain talent, which may support business growth. The trust structure ensures proper administration of the employee benefit scheme.