Trident Limited has informed the Exchange regarding Notice of Postal Ballot
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Trident Limited has issued a Postal Ballot Notice seeking shareholder approval for material related party transactions (RPTs) with Trident Global Corp Limited (TGCL) for FY 2025-26, with an aggregate value not exceeding ₹2,500 crore. The transactions include sale/purchase of goods, services, leasing, commission, rent, and a ₹250 crore equity investment by Trident in TGCL (subscribing to 2.23 crore shares at ₹112 each), which will make TGCL an associate company. TGCL is a promoter-group entity, with promoters holding 57.85% in it, and operates 6,000+ retail outlets for home textiles. The proposed RPT value equals 35.78% of Trident's FY25 consolidated turnover of ₹6,987 crore. Remote e-voting runs from September 30, 2025 to October 29, 2025.
This is a routine compliance step as the RPT value exceeds SEBI's materiality threshold of 10% of turnover, requiring shareholder approval. For investors, the key takeaway is that Trident is deepening ties with its promoter-linked distribution arm to expand domestic B2C reach and hedge against US tariff risks. Promoters and related parties cannot vote on this resolution, so the outcome depends on non-promoter shareholders.