Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Execution of Trust Deed for Employees'' Gratuity Trust.
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Prima Industries Ltd has executed a Trust Deed on 06th May 2026 to establish the 'Prima Industries Ltd Employees' Gratuity Trust' for managing employee gratuity benefits. The trust will work jointly with ICICI Prudential Group Gratuity Scheme. Three trustees have been appointed: Ms. Swati Gupta as Chairperson, Mr. Kushagra Gupta as Alternate Chairperson, and Mr. V. R. Sadasivan Pillai as Trustee. The company will make contributions to the trust based on actuarial valuation. Notably, Ms. Swati Gupta and Mr. Kushagra Gupta are directors and part of the promoter group, appointed as trustees in a fiduciary capacity.
This is a routine administrative matter establishing proper governance for employee benefits. No direct impact on stock price is expected. The disclosure of promoter-group directors as trustees is notable for transparency but carries no immediate shareholder implications.