Titan Company Limited has informed the Exchange about Modification to the Trust Deed consequent to the change in composition of the Trustees - Titan Employee Stock Option Trust
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Titan Company Limited has notified exchanges about an amendment to the Titan Employee Stock Option Trust deed, changing the composition of trustees. The modification, effective April 7, 2026, updates the trustee list to include three individuals: Mr. Swadesh Behera (59), Ms. Priya Mathilakath (51), and Mr. Sharad Kumar Goyal (52), all company employees based in Bengaluru. This is filed under SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. The original ESOP Trust was established on February 9, 2023, with the stated purpose of attracting, retaining, and motivating employees through ownership stakes aligned with company performance objectives.
This is a routine governance filing related to Titan's employee stock option programme with no direct impact on shareholder value or stock price. It reflects proper administration of the ESOP structure and ensures compliance with SEBI regulations.