Nature of Disclosure: Regulatory intimation to stock exchanges regarding an amendment to the deed of the CSB ESOS Trust, filed pursuant to Regulation 3(3) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Key Event: The CSB ESOS Trust Deed has been amended to effect a change in its trustees. Trustee Mr. S.S. Narayanan has resigned from the trust on account of his impending superannuation from the services of the bank. Consequently, Mrs. Sreelatha M. (Head-Strategy & Planning) and Mrs. Aarti Shrivastava (Head-Compensation & Benefits) have been appointed as new trustees.

Key Dates:

  • The Amendment Deed was executed and registered on May 22, 2026.
  • The resignation of Mr. S.S. Narayanan and the appointment of the new trustees were approved by the Settlor's (CSB Bank) Board of Directors via a resolution dated March 25, 2026.
  • The original Trust Deed was registered on May 20, 2019 (No. 173 of 2019).
  • It was first amended on March 26, 2021 (No. 123 of 2021).
  • This intimation letter is dated June 5, 2026.

Parties Involved:

  • Settlor: CSB Bank Limited, represented by its Company Secretary, Mr. Sijo Varghese.
  • Resigned Trustee: Mr. S.S. Narayanan.
  • Continuing Trustee: Mr. Ragesh M. (Head - MRMD).
  • Newly Appointed Trustees: Mrs. Sreelatha M. and Mrs. Aarti Shrivastava.
  • Registrar: Office of the Subregistrar, Thrissur, Kerala (Registration No. 139 of 2026).

Regulatory References: The disclosure is made under Regulation 3(3) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Trust Details:

  • Trust Name: CSB ESOS Trust
  • Purpose: To implement the 'CSB Employee Stock Option Scheme 2019' (ESOS 2019).
  • Trust Fund: The present trust fund remains unchanged at ₹1,00,000 (Rupees One Lakh Only).
  • Trust PAN: AACTC5363N

Financial Impact: The disclosure states a change in trusteeship only. There is no change to the trust fund amount, and the financial impact of the trustee change is not quantified in the disclosure.

Capital Structure Impact: No impact on the bank's capital structure is mentioned.

Governance & Authority: The changes were effected under the powers conferred to the Settlor (CSB Bank) by:

  • Clause 26(b) of the Trust Deed for accepting the trustee's resignation.
  • Clause 26(c) of the Trust Deed for appointing new trustees.
  • Clause 27 of the Trust Deed for making amendments.

The execution of the amendment deed was authorized by the Board of Directors of CSB Bank.