Key Details

Trust Establishment

The company established an irrevocable trust named 'Ion Exchange ESOP Trust' for administration and implementation of 'Ion Exchange (India) Limited – Employees Stock Option Scheme, 2026'.

Registration Details

  • Registration Date: July 23, 2026
  • Registration Number: 39M
  • Document Number: Mumbai2-16271-2026
  • Registration Office: Lower Parel, Mumbai
  • Total Pages: 35

Financial Payments

  • Total Fees Paid: ₹2,400.00
  • Registration Fee: ₹1,000.00 (paid via eChallan MH006900953202627E)
  • Document Handling Charges: ₹1,400.00 (paid via DHC 0726224216492)
  • Stamp Duty Paid: ₹1,500.00
  • Market Value: ₹1
  • Consideration Amount: ₹10,000

Trust Deed Execution

  • Effective Date: July 23, 2026
  • Settlor: Ion Exchange (India) Limited (CIN: L74999MH1964PLC014258)
  • Represented by: Ms. Nikisha Solanki, Company Secretary & Compliance Officer
  • Authorization: Board resolution dated March 18, 2026
  • Trustee: Qapita EquityTech Limited (formerly KP Corporate Solutions Limited, CIN: U72200MH1997PLC107907)
  • Represented by authorized representatives: Mr. Rahul Somani, Mr. Jalaj Sinha, Ms. Manasi Watharkar, and Mr. Ketan Navlihalkar
  • Authorization: Board resolution dated March 18, 2026

Initial Corpus

The Settlor handed over an initial corpus of ₹10,000 (Rupees Ten Thousand) to the Trustee for the trust.

Trust Objectives

The trust's objects include:

  • Administering, managing, funding and implementing the ESOP Scheme
  • Acquiring shares of the Settlor through secondary acquisition
  • Transferring shares to beneficiaries according to scheme terms
  • Dealing in cash and other assets as per scheme provisions

Board Approvals

Ion Exchange Board Resolution (March 18, 2026):

  • Approved setup of irrevocable employee welfare trust 'Ion Exchange ESOP Trust'
  • Appointed Qapita EquityTech Limited as trustee
  • Authorized Mr. Rajesh Sharma (Executive Chairman), Managing Director & CEO, Mr. Vasant Naik (CFO), and Ms. Nikisha Solanki (CS & Compliance Officer) to execute necessary documents

Qapita Board Resolution (March 26, 2026):

  • Authorized Mr. Rahul Somani, Mr. Jalaj Sinha, Ms. Manasi Watharkar, and Mr. Ketan Navlihalkar to sign and execute documents related to trust activities
  • Authorized execution of trust deed, registration, and opening of bank/demat accounts

Trust Administration

  • Trust Name: Ion Exchange ESOP Trust
  • Principal Office: Ion House, Dr. E. Moses Road, Mahalaxmi, Mumbai - 400011
  • Trust Period: Until earliest of (i) winding-up of Settlor, (ii) termination of Trust, or (iii) earlier date determined by Trustee with Settlor's consent
  • Trustee Powers: Includes holding trust property, operating bank accounts, maintaining demat accounts, and administering the scheme

Beneficiaries

Beneficiaries are employees and other persons as defined in the scheme, with rights to information and trust accounts upon demand.