StockWatch
·
Computers - Software & Consulting
Corporate Action9 Oct 2026, 09:18 pm

Hexaware Restates Trust Deed for Employee Stock Plans

AI Summary

Hexaware Technologies Ltd has restated and amended its trust deed for the Hexaware Employees Benefit Trust (formerly Hexaware Employees Stock Options Trust 2024). This action is in compliance with SEBI regulations and follows shareholder approval for the Hexaware Restricted Stock Unit Plan 2026. The trust, established with an initial contribution of ₹500,000, aims to incentivize, reward, and retain key employees by aligning their interests with the company's growth through stock options and restricted stock units. The updated deed outlines the rights and duties of the Settlor (Hexaware Technologies) and the Trustees.

Key Highlights

  • Hexaware amends trust deed for employee stock plans.
  • New deed aligns with Hexaware Restricted Stock Unit Plan 2026.
  • Aims to incentivize, reward, and retain key employees.
  • Trust established with initial contribution of ₹500,000.
  • Updated deed clarifies Settlor and Trustee roles.