EPL Ltd Executes Supplemental Deed to Amend Composition of ESOP Trust
EPL Ltd finalized the incorporation of changes to the composition of the EPL ESOP Trust by executing a Supplemental Trust Deed. This amendment was executed between the Company and the current Trustees on April 16, 2026.The Supplemental Deed details changes to the administration of the EPL ESOP Trust, which was initially established by a Trust Deed dated December 19, 2025, for managing the Employees Stock Option Scheme 2025. The amendment solidifies the roles of the Corporate Trustee and key officers as trustees.
Appointment of New Trustee
The key revision through the deed is the appointment of Ms. Jaya Mohan as a Trustee. She replaces Mr. Sunny Kumar, who had resigned as a trustee of the Trust effective March 17, 2026. The Supplemental Deed confirms that Ms. Jaya Mohan shall be deemed a "Trustee" for all purposes under the Trust Deed, holding the same rights and powers as the other trustees.The parties involved in the agreement are:
- Company/Settlor: EPL Limited.
- Existing Trustees: Qapita EquityTech Limited (formerly known as KP Corporate Solutions Limited) and Ms. Sonal Jain.
- Incoming Trustee: Ms. Jaya Mohan.
Corporate Resolutions Confirm Changes
The change in the trust's governing body was previously confirmed through board resolutions.On March 31, 2026, the Board of Directors of EPL Limited passed a resolution approving the new composition of the ESOP Trust. The resolution confirmed the following individuals as Trustees:
| Sr. No. | Name of Trustee | Designation |
|---|---|---|
| 1. | Qapita EquityTech Limited | Corporate Trustee |
| 2. | Ms. Sonal Jain | Global Chief Human Resources Officer |
| 3. | Ms. Jaya Mohan | Vice President, Corporate Human Capital |
Furthermore, Qapita EquityTech Limited passed a resolution on December 03, 2025, appointing the company as the Corporate Trustee of the EPL ESOP Trust and authorizing several signatories, including Mr. Rahul Somani, Mr. Jalaj Sinha, Ms. Manasi Watharkar, and Mr. Ketan Navlihalkar.
Financial Details of Registration
The registration of the Supplemental Deed involved associated fees. The payment details recorded reflect the following transactions processed on April 16, 2026:| Payment Type | Fee Description | Amount Paid |
|---|---|---|
| Stamp Duty | Stamp Duty | 500 |
| Registration Fee | Registration Fee | 100 |
| Document Handling Charges | Document Handling Charges (DHC) | 880 |
| Total | 980 |
The associated registration challan was issued with the number MH000867814202627P.
EPL Stock Price Movement
Today, EPL Limited shares climbed 0.62% to close at ₹236.24, adding ₹1.45 to its value. The stock traded on a volume of 1.75 million shares today, finishing near the top of its ₹231.1 to ₹240.8 intraday range.Source:
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