ICRA Limited: Deed of Modification for Employees Welfare Trust
ICRA Limited executed a Deed of Modification for its Employees Welfare Trust on July 1, 2026. Mr. P.R. Khanna resigned as trustee, and Mr. Harinderjit Singh has been appointed as the new trustee.
This is an administrative update regarding the composition of the employee welfare trust's trustees. It does not directly impact the company's financial performance, operations, or stock value.
The announcement details a routine administrative change in the company's employee welfare trust, specifically a change in trustees. There are no financial implications or significant business developments reported.
ICRA Limited has executed a Deed of Modification concerning the ICRA Employees Welfare Trust. This modification is in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The primary change involves the resignation of Mr. P.R. Khanna as a trustee and the appointment of Mr. Harinderjit Singh as the new trustee. The modification was approved by the Board of Directors of ICRA Limited.
The deed was executed on July 1, 2026, in New Delhi. The Trust Deed, originally established on July 11, 2006, has been amended multiple times previously. The new composition of the Trustees now includes Mr. M.S. Verma, Mr. Subhash Chander Vasudeva, and the newly appointed Mr. Harinderjit Singh. All other provisions of the original Trust Deed remain in full force and effect.
This announcement is a routine update regarding the administration of the employee welfare trust.
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