JSWDULUX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JSW Dulux Limited (formerly Akzo Nobel India Limited) has formally constituted an irrevocable Employee Stock Option Trust called 'JSW Dulux ESOP Trust' via a Trust Deed dated 26th May 2026, registered on 27th May 2026. The Trust was set up to administer the 'JSW Dulux Limited – Employee Stock Option Scheme 2026 (ESOP 2026)', which was approved by the Board of Directors on 23rd March 2026 and by shareholders through a Postal Ballot on 26th April 2026. The initial corpus contributed by the company is Rs. 10,000. Four trustees have been appointed: Mr. Vijay Kumar Sinha, Mr. Balwant Ranka, Mr. Ashok Rajput, and Mr. Ramesh Subramanian. The Trust is authorised to acquire shares of the company through secondary acquisition on stock exchanges and transfer them to employee beneficiaries upon exercise of options. Stamp duty of Rs. 4,500 and registration fee of Rs. 1,000 were paid for the Trust Deed.
The formalisation of the ESOP scheme through a registered trust is a standard compliance filing. It signals the company's commitment to employee retention and alignment of employee interests with shareholder value. The overall dilutive impact on existing shareholders depends on the number of options granted, which is not specified in this filing.