The Board of Directors of Trident Limited approved two major corporate actions following a meeting on February 9, 2026. Firstly, they greenlit the incorporation of a wholly-owned subsidiary, Trident Global Industries Limited (TGIL), for textile and brand expansion globally, particularly in the U.S. market. Secondly, the board approved the divestment of Trident’s entire stake in MyTrident.com Limited through a Definitive Share Purchase Agreement, ceasing the ownership structure effective the same day.
Key Corporate Decisions Announced
Trident Limited has communicated two significant resolutions passed by its Board of Directors during the meeting held on February 09, 2026. These decisions focus on strategic future expansion and streamlining existing business holdings.
Formation of New Wholly Owned Subsidiary
The Board granted approval for the incorporation of a new Wholly Owned Subsidiary (DWOS), to be named Trident Global Industries Limited (TGIL), or another suitable name as approved by the Ministry of Corporate Affairs. The primary purpose of establishing TGIL is to enhance brand presence, facilitate broad-based initiatives, and manage marketing for Trident products in overseas markets, with a specific emphasis on the U.S. market.
Key details regarding the proposed subsidiary include:
- Name: Trident Global Industries Limited (TGIL) or similar.
- Ownership: 100% Wholly Owned Subsidiary.
- Capitalization: Shares will be subscribed at face value.
- Consideration: Trident Limited will subscribe to 100% of the initial paid-up share capital of the DWOS in cash.
- Objective: To explore brand expansion and global marketing, especially in the U.S.
Divestment of MyTrident.com Limited Stake
In a separate resolution, the Board approved the divestment of Trident Limited’s entire shareholding in MyTrident.com Limited. This transaction was executed through a Definitive Share Purchase Agreement, effective from February 09, 2026. Consequently, MyTrident.com Limited ceased to be a Wholly Owned Subsidiary of Trident Limited post-completion.
Details regarding the divestment include:
- Agreement Date: February 09, 2026.
- Consideration Received: The transaction is valued at INR 1,00,000 (for 10,000 equity shares at par value).
- Buyer Details: The buyer is Trident Global Corp Limited (which is a part of the Promoter Group of Trident Limited).
- Transaction Status: The transaction was conducted at arm’s length basis.
The Company confirmed that the turnover or income derived from MyTrident.com Limited was Not Applicable, as the company was acquired only during the current financial year, ensuring minimal impact on current consolidated financials.
Source: BSE
