Trident Limited has informed the exchange about disinvestment of the entire shareholdings held in Trident Home Textiles Limited ("THTL"), a wholly owned subsidiary of the Company
Awaiting price reaction for this filing.
Trident Limited has sold its entire stake in Trident Home Textiles Limited (THTL), a wholly owned subsidiary, to Lotus Hometextiles Limited. The sale agreement was signed on June 17, 2025, and Trident sold 10,50,000 equity shares for a total consideration of about INR 1.07 crore. THTL was a very small part of Trident's business, contributing just 0.004% of turnover (INR 2.88 Million) and 0.06% of net worth in the previous financial year. The buyer is unrelated to Trident's promoters, the transaction is not a related-party deal, and THTL was not classified as a material subsidiary. With this sale, THTL has ceased to be a subsidiary of Trident effective June 17, 2025.
This is a very small transaction with negligible impact on Trident's overall business or financial profile. Shareholders are unlikely to see any material change in operations or valuation, as the divested entity contributed minimally to revenues and net worth.