DAM Capital Establishes ESOP Trust

Trust Name: DAM Capital ESOP Trust
Trust Type: Irrevocable trust
Purpose: Administration and implementation of Ratified and Amended DAM Capital Employees Stock Option Scheme 2024
Effective Date: October 23, 2026
Initial Corpus: ₹10,000 (Rupees Ten Thousand)
Trust Period: Until earliest of (i) winding-up of Settlor, (ii) termination/extinction of Trust, or (iii) earlier date determined by Trustees with Settlor consent

Document Number: MB11-19914-2026
Registration Date: October 23, 2026
Registration Office: Joint Sub Registrar Mumbai 1
Registration Fees: ₹2,500 total (₹1,500 stamp duty + ₹1,000 registration fee)
GRN Number: MH012448355202627M

Settlor: DAM Capital Advisors Limited

Representative: Ms. Sonal Katariya, Company Secretary and Compliance Officer
Authorization: Board resolution dated May 22, 2026
Corporate Office: Altimus 2202, Level 22, Pandurang Budhkar Marg, Worli, Mumbai 400018
SEBI Registrations: Stock Broking (INZ000207137), Research Analyst (INH000000131), Merchant Banker (MB/INM000011336)

Trustees:

1. Mr. Natarajan Mahadevan Iyer (Age: 62)

Address: 401, Arjun Apartment, 9th Road, Near Post Office, Chembur East, Mumbai 400071
UID: 1205422906286825472

2. Ms. Mrinali Doshi (Age: 30)

Address: 26/27, Meena Sadan, Plot No-208, Tamil Sangham Marg, Mata Laxmi Lane, Sion East, Mumbai 400022
UID: 1336279826391715840

Objects: Administer employee benefit schemes, acquire company shares (primary issuance or secondary acquisition), transfer shares to beneficiaries
Trust Property: Includes initial corpus, donations, contributions, advances, and all income/accretions
Investment Restrictions: No derivatives contracts permitted
Voting Rights: Trustees cannot vote on shares held by the trust
Amendment Power: Settlor can amend trust deed subject to applicable laws and beneficiary interests
Governing Law: Indian law with Mumbai jurisdiction

Allows trust to acquire company shares using initial corpus, loans, and other trust funds
Provides for grant of options to beneficiaries approved by Nomination and Remuneration Committee
Beneficiaries can exercise options upon vesting by paying exercise price and applicable taxes
Trust transfers shares to beneficiaries upon receipt of exercise price and taxes

Principal Office: Same as company registered office
Correspondence Office: Same as company corporate office
Trustee Requirements: Minimum 2 individual trustees or 1 corporate trustee; maximum 5 trustees
Trustee Removal: Settlor can remove trustees without formality
Accounting: Trustees must maintain proper accounts and get them audited by practicing chartered accountant