Elgi Equipments Ltd. — Board/Management Information 2020

Jul 16, 2020

16-07-2020

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To The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/l, Dalal Street, Mumbai- 400001 G Block, Bandra-Kurla Complex, Bandra-East, Mumbai- 400 051

Scrip Code: 522074 Symbol: ELGIEQUIP

Dear Sir,

Sub: Disclosure under SEBI (Share Based Employee Benefits) Regulations, 2014

We wish to inform that Elgi Equipments Limited Employee Stock Option Trust (ESOP Trust) was formed for the purpose of implementation of the Elgi Equipments Limited Employee Stock Option Plan, 2019 (ELGi ESOP 2019) as approved by the shareholders on 31[st] January, 2020. The ESOP Trust was formed with Mr. R Jeyachandran and Mr. M Ramakrishnan as Trustees.

In connection with the same, we wish to inform the stock exchange that Mr. R Jeyachandran tendered his resignation as Trustee from the ESOP Trust with effect from 6[th] July, 2020.

Accordingly, the Compensation Committee of the Company vide circular resolution passed on 13[th] July 2020 has appointed Mr. B Balakrishnan as a Trustee of the ESOP Trust with effect from 7[th] July 2020.

This is for your information and records.

Thanking you,

Yours faithfully,

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