The Anup Engineering Limited has informed the Exchange regarding 'Submission of Trust Deed '.
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The Anup Engineering Limited has submitted the executed Trust Deed for the 'Anup ESOP Trust' to BSE and NSE under SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. The trust has been set up to administer and implement the company's Employee Stock Option Scheme 2019. MUFG Intime India Private Limited (formerly Link Intime India Private Limited) has been appointed as the sole corporate trustee of this irrevocable trust. The initial corpus handed over to the trustee is Rs. 10,000. The company, in the heavy fabrication industry, supplies process equipment to oil & gas, petrochemicals, chemicals, fertiliser, power, and aerospace sectors, and has been in business for over six decades.
This is a regulatory compliance filing for the company's existing ESOP scheme and does not involve any new stock issuance or capital change. It is a procedural step to formalize the trust structure that will manage employee stock options, with no direct immediate impact on shareholders or share price.