Tech Mahindra Limited has informed the Exchange about Submission of Tech Mahindra ESOP Trust Deed under Regulation 3(3) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
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Tech Mahindra has formally set up the 'Tech Mahindra ESOP Trust' to run its employee stock option plans, mainly the Performance Share Plan 2024 (PSP 2024) that shareholders had approved on July 17, 2025. The Trust Deed was executed on August 22, 2025 with an initial settlement amount of Rs. 10,000 and four named trustees. The trust can buy Tech Mahindra shares either by subscribing to fresh issues or purchasing from the stock market, and will hold and transfer these shares to employees as their stock options vest and get exercised. The structure follows SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine compliance step to operationalise the employee incentive plan approved by shareholders. Over time, the trust may acquire shares from the market or via fresh issuance, which could lead to mild dilution, but for now the Rs. 10,000 corpus means no immediate impact on share price or shareholder value.