Trident seeks shareholder vote on board, related party transactions

Trident Limited has issued a notice for a postal ballot to secure shareholder approval for critical business matters. The ballot covers altering the Articles of Association to align with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other statutory provisions. Additionally, shareholders will vote on the proposed re-appointment of Deepak Nanda as an independent director for a second term of five consecutive years, effective from March 28, 2025.

Another key item on the agenda is the approval of related party transactions with Tristat Textile Limited for amounts not exceeding ₹200 Crores, and with Trident Global Corp Limited for amounts not exceeding ₹300 Crores. These transactions are specified for a period of five years commencing from October 1, 2025. The company will also seek ratification for the appointment and remuneration of M/s. B.R. Gupta & Co., chartered accountants, as the cost auditors for the financial year ending March 31, 2025.

The postal ballot notice, along with the explanatory statement and postal ballot form, has been dispatched to shareholders. The remote e-voting period will commence on Saturday, October 26, 2025, at 9:00 A.M. IST and conclude on Sunday, November 24, 2025, at 5:00 P.M. IST. The results of the postal ballot will be announced on or before Tuesday, November 26, 2025.