The Board of Directors of Trent Limited convened on March 26, 2026, and formally approved a proposal to issue unsecured, redeemable, Non-Convertible Debentures (NCDs). The issuance will be conducted on a private placement basis, up to a maximum aggregate amount not exceeding Rs 500 crore. This move remains within the company’s existing borrowing limits under Section 180 of the Companies Act, 2013, pending final statutory approvals.
Outcome of Board Meeting on March 26, 2026
Trent Limited has announced the key outcome of its Board of Directors meeting held on March 26, 2026. The meeting commenced at 2:00 p.m. and concluded at 6:45 p.m. The primary resolution passed was the approval for raising capital through debt instruments.
Approval for Debt Issuance
The Board sanctioned the proposal for the issuance of unsecured, redeemable, Non-Convertible Debentures (NCDs). This issuance will be done via a private placement basis. The total aggregate amount authorized for this issuance is not exceeding Rs 500 crore. This proposed borrowing is stated to be within the permissible borrowing limits applicable to the Company under Section 180 of the Companies Act 2013.
Delegation of Authority
Further, the Board has vested authority in the Borrowing and Investment Committee. This committee is tasked with handling all necessary actions concerning the finalization of terms for the issuance and subsequent allotment of these NCDs. Details mandated under relevant schedules will be furnished upon the successful completion of the issuance and allotment process.
Source: BSE
