Intense Technologies Limited has informed the Exchange regarding 'Submission of Amendment of Trust Deed between Intense Technologies Limited( The Company ) and Intense Employee Welfare Trust( the Trust )'.
INTENTECH · price
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Intense Technologies Limited has filed an amendment to the Trust Deed of its 'Intense Employee Welfare Trust', which was originally set up on June 18, 2024 to administer the company's employee stock option and welfare schemes. The amendment was executed on April 17, 2025 to effect a change in trustee. Original trustee Mr. Prabhakar Racherla resigned on April 15, 2025 due to personal reasons, and Mrs. Velury Sree Pallavi has been appointed as the new trustee effective April 16, 2025. The other existing trustee, Mr. Nori Venkata Siva Krishna Anjani Kumar, continues in his role. The filing has been made under Regulation 3(3) of SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine administrative change in the trustee board of the company's employee welfare trust with no material impact on business operations or shareholders. The trust continues to function for its original purpose of administering ESOP and employee welfare schemes, and the change does not affect the company's financials or stock price.