StockWatch
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Edible Oil
Business Update6 May 2026, 02:47 pm

Prima Industries Executes Trust Deed for Gratuity Trust

AI Summary

Prima Industries Ltd executed a Trust Deed on May 6, 2026, to establish the "Prima Industries Ltd Employees’ Gratuity Trust." This trust, managed jointly with ICICI Prudential Group Gratuity Scheme, aims to provide gratuity benefits to eligible employees in accordance with applicable laws. The company will contribute to the Trust based on actuarial valuation. Ms. Swati Gupta and Mr. Kushagra Gupta, directors of the company, have been appointed as Trustees in a fiduciary capacity. The Trust Deed does not affect the management or control of the company.

Key Highlights

  • Prima Industries establishes Employees’ Gratuity Trust on May 6, 2026.
  • Trust to be managed jointly with ICICI Prudential Group Gratuity Scheme.
  • Company will contribute to the Trust based on actuarial valuation.
  • Directors Swati Gupta and Kushagra Gupta appointed as Trustees.
  • Trust Deed does not impact company's management or control.