Trident Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 23, 2025
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Trident Limited held its 35th Annual General Meeting on August 23, 2025 via video conferencing, running from 11:00 AM to 12:52 PM IST. The meeting was chaired by Dr. Anthony DeSa, with all directors present except Mr. Kapil Dev Nikhanj. Eight resolutions were put to shareholders: three ordinary business items (adoption of audited standalone and consolidated financial statements for FY25, and re-appointment of Mr. Deepak Nanda as director retiring by rotation) and five special business items, including appointment of Mr. Pramod Agrawal and Mr. Kapil Dev Nikhanj as Independent Directors, ratification of Cost Auditor remuneration, appointment of Secretarial Auditors, and approval to raise funds through Non-Convertible Debentures (NCDs). E-voting was conducted through Kfin Technologies, with Mr. Bhupesh Gupta appointed as Scrutinizer. A Q&A session was held, and Chairman Emeritus Padma Shri Rajinder Gupta also addressed shareholders. Voting results will be announced later and communicated to the stock exchanges.
The AGM completed without disruption and resolutions are deemed passed subject to e-voting results. The key item to watch is the approval to raise funds via NCDs, which could lead to fresh debt issuance, potentially affecting the company's capital structure and interest costs.