ICRA Limited Amends Employees Welfare Trust Deed Following Trustee Changes
ICRA Limited has completed a Deed of Modification related to the ICRA Employees Welfare Trust, detailing changes in the trust's composition and formally recording the resignation of one existing trustee. The amendment addresses the management structure of the trust as established by the company.The ICRA Employees Welfare Trust was originally established by ICRA Limited on July 11, 2006. Over the years, the trust deed has been modified multiple times through various deeds, including those dated October 3, 2006; July 29, 2014; March 19, 2015; September 25, 2015; June 4, 2018, and March 18, 2019.
Through the modification process, the Board of Directors of ICRA Limited approved the resignation of Mr. PR Khanna from the Trust. Concurrently, a new trustee has been appointed to the trust.
This Deed amends and supplements the existing Trust Deed, ensuring that all other provisions of the original document remain in full force and effect. The modifications confirm the appointment of the new trustee and the cessation of the outgoing trustee's tenure.
The new composition of the Trustees for the ICRA Employees Welfare Trust is as follows:
| Trustee Name |
|---|
| Mr. M.S. Verma |
| Mr. Subhash Chander Vasudeva |
| Mr. Harinderjit Singh |
ICRA Stock Price Movement
On Wednesday, shares of ICRA Limited slipped by 0.02%, settling at ₹5272.5 in trading. The stock closed with a total traded volume of 25,583 shares after trading within an intraday range of ₹5231 to ₹5388.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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