The Board of Directors of Trident Limited approved the incorporation of a new Wholly Owned Subsidiary (DWOS) to focus on brand presence, sourcing, and marketing in overseas markets, with a strong U.S. emphasis. Additionally, the Board sanctioned the divestment of the entire stake in MYTNTCOM LIMITED to a separate Domestic Wholly Owned Subsidiary (DWOS). This strategic move, effective February 09, 2026, is an internal restructuring where MYTNTCOM LIMITED ceases to be a subsidiary of Trident Limited.
Board Approves Major Corporate Restructuring
Trident Limited announced that its Board of Directors met on February 09, 2026, to approve two significant strategic decisions concerning corporate structure and asset management. The meeting commenced at 11:30 A.M. IST and concluded at 03:15 P.M. IST.
Formation of New Domestic Wholly Owned Subsidiary (DWOS)
The Board green-lit the incorporation of a new Domestic Wholly Owned Subsidiary (DWOS). This new entity is intended to enhance brand presence, secure sourcing, and manage marketing activities for Trident products in overseas markets, with a special emphasis on the U.S. market.
Key Details of the Proposed DWOS (Annexure A)
- Name: Trident Global Industries Limited (TGIL) or another name as may be approved by the Ministry of Corporate Affairs.
- Purpose: To enhance brand presence, sourcing, and marketing, particularly focusing on the U.S. market.
- Industry: Textile Industry/Trading of Goods and Services.
- Shareholding: Trident Limited shall subscribe to 100% of the initial paid-up share capital.
- Control: The entity will be a 100% Wholly Owned Subsidiary.
Divestment of Entire Stake in MYTNTCOM LIMITED
The second major approval involved the divestment of Trident Limited’s entire shareholding in MYTNTCOM LIMITED, which was previously a Domestic Wholly Owned Subsidiary (DWOS).
Upon execution of a Definitive Share Purchase Agreement, MYTNTCOM LIMITED ceased the status of DWOS of Trident Limited effective February 09, 2026. The consideration received from this divestment was INR 1,00,000.
Key Details of the Divestment (Annexure B)
- Date of Agreement: February 09, 2026.
- Date of Completion: The date of execution of the Definitive Share Purchase Agreement, i.e., February 09, 2026.
- Consideration Received: INR 1,00,000 (representing 10,000 equity shares at face value of INR 10 per share).
- Buyer Details: The shares were sold to Trident Global Corp Limited (Buyer), which is an Associate entity of Trident Limited and a part of the Promoter Group of Trident Limited.
- Transaction Basis: The transaction was made on an arm’s length basis and is considered a fair value transaction.
These actions are deemed necessary under the relevant regulations (Schedule III, Part A of Schedule III) and require the necessary disclosures as mandated.
Source: BSE
