Motherson Sumi Wiring India Limited has informed the Exchange regarding ''.Submission of Trust Deed of MSWIL ESOP Trust
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Motherson Sumi Wiring India Limited has submitted the Trust Deed for "MSWIL ESOP Trust", an irrevocable trust established to administer the "Motherson Sumi Wiring India Limited - Employees Stock Option Scheme 2025". The trust was set up pursuant to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The initial corpus of the trust is Rs. 10,000, and the trust is managed by two trustees: Mr. Arjun Puri and Mr. Gautam Mukherjee. The trust will acquire company shares through secondary acquisition and transfer them to beneficiaries (employees) upon exercise of stock options.
This filing establishes the formal mechanism for administering the company's 2025 ESOP scheme. It ensures proper governance and compliance for employee stock option distribution, which can help attract and retain talent. No immediate impact on stock price, but demonstrates company's commitment to employee equity compensation.