Lemon Tree Hotels: Trust Deed Addendum for Employee Welfare Trust

Lemon Tree Hotels Ltd has filed an addendum to the Trust Deed of "Krizm Hotels Pvt. Ltd. Employees Welfare Trust". This modification, made under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, primarily involves changes to the trustees and grants additional powers to the trustees. Mr. Vikramjit Singh and Mr. Rajiv Tyagi have ceased to be trustees, and the trust will now be administered by Ms. Aradhana Lal, Mr. Naresh Kumar, and Ms. Vibhuti Verma. The addendum also outlines enhanced powers for the trustees, including the ability to sell or dispose of trust assets, repay loans, and utilize trust funds for employee welfare and benefits such as housing and transportation. The addendum supersedes the original deed in case of any discrepancies.