Re-appointment of the Internal Auditor and Cost Auditor
TRIDENT · price
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Trident Ltd's Board meeting on May 19, 2026 approved multiple items including audited financial results for Q4 and FY ended March 2026. The company declared its 1st interim dividend of INR 0.50 per equity share (50% on INR 1 face value) for FY 2026-27, with May 23, 2026 as the record date. The Board re-appointed M/s Ramanath Iyer & Co as Cost Auditors and both M/s Mahajan & Aibara Associates and M/s Deloitte Touche Tohmatsu India LLP as Internal Auditors for FY 2026-27. Managing Director Mr. Deepak Nanda was re-appointed for another 3-year term starting September 5, 2026. The company also approved raising funds up to INR 500 crore via Non-Convertible Debentures. Separately, the Board decided not to proceed with the previously announced domestic wholly owned subsidiary incorporation, citing it is not currently required.
The dividend declaration and re-appointment of key auditors and the Managing Director indicate stable governance. The planned NCD issuance of up to INR 500 crore suggests the company is looking to raise debt capital, which shareholders should monitor for potential impact on leverage. The abandonment of the subsidiary plan indicates a shift from earlier growth intentions.