Trident Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 23, 2025
TRIDENT · price
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Trident Limited held its 35th Annual General Meeting on August 23, 2025, via video conferencing, where all 8 resolutions were passed with overwhelming shareholder support. Out of 5,09,59,55,670 total outstanding shares, approximately 76.45% (around 389 crore shares) were polled. All resolutions received over 99.95% votes in favour, including adoption of audited standalone and consolidated financial statements for FY2024-25, re-appointment of Mr. Deepak Nanda as director (retiring by rotation), 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). 3 promoter group members and 187 public shareholders attended the meeting through video conferencing, out of 21,52,874 total shareholders on the record date.
The near-unanimous approval of all resolutions signals strong shareholder confidence and is unlikely to cause any negative stock movement. The approval to raise funds via NCDs gives the company flexibility to raise debt capital when needed, which may lead to a future debt issuance. Appointment of two new Independent Directors, including a high-profile name like Kapil Dev Nikhanj (former cricketer), could be viewed positively by investors for governance purposes.