Ganesha Ecosphere Limited has informed the Exchange regarding 'Submission of Supplementary Trust Deed of Amendment'.
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Ganesha Ecosphere has submitted a Supplementary Trust Deed of Amendment to the original Trust Deed of its Ganesha Employees' Welfare Trust, originally executed on March 2, 2021. The main changes include replacing trustee Shri Bhagwati Prasad Sultania with Shri Nand Kishor Sharma, and updating all references from the old SEBI (SBEB) Regulations 2014 to the new SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The amendment also adds a definition for 'Secondary Acquisition' and introduces new clauses enabling cashless exercise of employee stock options, where the trust can sell some shares to cover the exercise price and taxes on behalf of grantees. Additionally, clauses governing share transfers to beneficiaries and the wind-up of the trust fund have been revised to align with current SEBI rules. The filing was made under Regulation 3(3) of the SEBI (Share Based Employee Benefits) Regulations, 2014.
This is a routine governance and compliance update to the company's employee welfare trust and does not change the trust's overall purpose or character. There is no material financial impact on shareholders, though it ensures the company's ESOP framework remains aligned with current SEBI regulations going forward.