Further to our intimation dated August 14, 2025, we wish to inform you that the Company has formed an irrevocable Trust under the name and style of Lex Nimble Solutions Employee Welfare ....
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Lex Nimble Solutions Ltd has formed an irrevocable trust called 'Lex Nimble Solutions Employee Welfare Trust' to administer its Employee Stock Option Scheme 2025 (ESOS 2025). The trust deed was executed on October 10, 2025, and has been registered with the Sub-Registrar in Ranga Reddy, Telangana. The trust was set up with an initial corpus of Rs. 10,000, and Mr. Sreekanth Gannamaneni and Ms. Konda Namratha have been appointed as the first trustees. This follows shareholder approval for ESOS 2025 received on September 12, 2025, and an earlier intimation dated August 14, 2025. The trust will acquire, hold, and transfer equity shares of the company to eligible employees, with secondary market purchases and compliance with SEBI's Share Based Employee Benefits Regulations, 2021.
This is a procedural step to operationalize the ESOS 2025 scheme that was already approved by shareholders. The trust structure allows the company to administer stock options efficiently but could result in minor share price dilution or supply pressure if shares are bought from the open market for employee grants.