Trident Limited has announced its financial results for the quarter and year ended March 31, 2026. Alongside these disclosures, the company declared a 1st Interim Dividend of INR 0.50 per share. The board also confirmed the re-appointment of Mr. Deepak Nanda as Managing Director, authorized a fundraising plan of up to INR 500 crore through non-convertible debentures, and decided to discontinue the incorporation of a previously proposed domestic wholly-owned subsidiary.
Financial Performance and Shareholder Rewards
Trident Limited successfully concluded its Financial Year 2026, with the Board of Directors approving the audited financial results for the final quarter and the full year ending March 31, 2026. Demonstrating its commitment to returning value to shareholders, the company has declared a 1st Interim Dividend of INR 0.50 per fully paid-up equity share (50% face value). The company has designated Saturday, May 23, 2026, as the ‘Record Date’ to determine eligibility for the dividend payment.
Strategic Fundraising and Operational Shifts
To bolster its capital structure, the Board has authorized the raising of funds not exceeding INR 500 crore. This will be achieved through the issuance of Non-Convertible Debentures via public or private placement in one or more tranches, pending shareholder approval. Additionally, after a comprehensive business review, the Board has decided not to proceed with the incorporation of a previously planned domestic wholly-owned subsidiary, determining that it is no longer required for current operational objectives.
Leadership and Governance
The company announced key leadership renewals and administrative updates. Mr. Deepak Nanda has been re-appointed as the Managing Director for a new three-year term, effective from September 5, 2026, to September 4, 2029. Furthermore, the company has confirmed its 36th Annual General Meeting (AGM) will be held on Friday, July 31, 2026. The board also re-appointed M/s Ramanath Iyer & Co as Cost Auditors, and M/s Mahajan & Aibara Associates and M/s Deloitte Touche Tohmatsu India LLP as Internal Auditors for the upcoming fiscal year.
Source: BSE
