Trident seeks shareholder vote on major related party deal with TGCL

Trident Limited will conduct a postal ballot from September 30, 2025, to October 29, 2025, to seek shareholder approval for a material related party transaction with Trident Global Corp Limited (TGCL). The proposed transaction, which includes services, sale/purchase of goods, leasing of assets, and other business activities, is valued at an aggregate of INR 25,000 million for the financial year 2025-26. This amount is equivalent to 35.78% of Trident Limited's annual consolidated turnover for the immediately preceding financial year and will cross the materiality threshold.

The company's audit committee has evaluated the RPTs, confirming they are in Trident's best interest, executed at arm's length, and in the ordinary course of business. TGCL, an associate to Trident, engages in marketing and selling home textiles, with promoters holding 57.85% in TGCL. The investment of INR 2,500 million in TGCL's equity shares will fund market development, brand building, and working capital requirements.

Shareholders whose names appear on the Register of Members/Beneficial Owners as of September 26, 2025, will be eligible to vote through remote e-voting, with results announced within two working days of the ballot closure.