Sagility Limited Establishes ESOP Trust for Employee Stock Options Scheme

Sagility Limited Establishes ESOP Trust for Employee Stock Options Scheme​

Sagility Limited has established the "Sagility ESOP Trust" to administer and implement its internal employee compensation program, the 'Sagility Limited -Employee Stock Options and Performance Stock Units Scheme 2026' (ESOS 2026). This move creates an irrevocable entity dedicated to the welfare and incentives of its employees.

The trust was established with Qapita EquityTech Limited, formerly known as KP Corporate Solutions Limited, serving as one of the trustees. Sagility Limited acted as the Settlor in the arrangement.

The transaction included an initial settlement where the Settlor handed over a corpus of Rs. 1,00,000 to the Trustees. This amount was accepted by the Trustees and constitutes the Initial Corpus for the Trust.

Purpose and Scope of ESOS 2026​

The primary object of the Sagility ESOP Trust is the administration and implementation of the ESOS 2026. The scheme, which includes monetary benefits to Employees, aims to attract, retain, and incentivize personnel at Sagility Limited.

Key features of the Scheme include:

• Options and PSUs: The scheme provides for the grant or Options and PSUs (Performance Stock Units) to Beneficiaries, granting them the right but not the obligation to purchase underlying Shares.
• Acquisition: The Trust is empowered to acquire Shares of the Settlor through subscription or Secondary Acquisition in accordance with applicable regulations.
• Transfer and Dealing: The Trust will transfer Shares to Beneficiaries upon vesting. The Trust is also authorized to deal in cash and other assets as per the Scheme's provisions.

The trustees have been given broad powers concerning the trust property, including administering the trust fund, managing all records, and entering into necessary contracts for the scheme’s operation.

Trustee Duties and Operational Controls​

The Trust Deed outlines strict duties for the Trustees, emphasizing that all actions must align with the objects of the Trust, the Scheme guidelines, and applicable laws. The Trustees are required to act in the interest of the Beneficiaries.

A significant provision mandates that the Shares held by the Trust, while in possession, are not permitted to be sold or otherwise disposed unless explicitly authorized by the Settlor as per the terms of the Scheme and prevailing regulations.

The structure ensures that while the Trustees manage the general administration of the ESOS 2026, a dedicated Committee oversees the scheme's overall operation.

SAGILITY Stock Price Movement​

Today, shares of SAGILITY LIMITED edged higher to close at ₹40.76 after gaining 0.92%. The stock saw significant activity during the session, with approximately 29 million shares trading today.