Trent Limited has informed the Exchange regarding Notice of Postal Ballot
TRENT · price
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Trent Limited is seeking shareholder approval via postal ballot for four resolutions: (1) Re-classification of Authorized Share Capital to simplify share structure by converting various preference share categories into a single equity share category of 85.55 crore shares of ₹1 each; (2) Issuance of bonus shares in the ratio of 1:2 (one bonus share for every two shares held), capitalizing ₹17.78 crore from the securities premium account, with record date 29th May 2026; (3) Adoption of Employee Stock Option Plan 2026 (ESOP 2026) with up to 8,88,700 stock options (approx. 0.25% of issued capital); and (4) Extension of ESOP 2026 benefits to employees of subsidiary and associate companies. The remote e-voting period runs from 28th April 2026 to 27th May 2026. All resolutions except ESOP items require ordinary majority; ESOP items require special resolution.
The 1:2 bonus issue rewards existing shareholders and increases share liquidity, which is typically positive for retail investors. The ESOP plan aligns employee and shareholder interests but involves minor dilution of approximately 0.25%.