Trent Ltd


BSE: 500251 | NSE: TRENT | ISIN: INE849A01012 
Market Cap: [Rs.Cr.] 3,609 | Face Value: [Rs.] 10
Industry: Textiles - Products

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Board Meet

29-May-13 
Trent Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 29, 2013, inter alia, to approve the Audited Financial Results for the year ended March 31, 2013, consider the recommendation of Dividend on the Equity Shares, if any, and consider payment of an interim dividend on the unlisted 0.1% Redeemable Preference Shares. 
04-Mar-13 
Trent Ltd has informed BSE that the Board of Directors of the Company at its meeting to be held on March 04, 2013 will consider a Scheme of Merger of the following Wholly Owned Subsidiaries with the Company subject to all requisite approvals and sanctions: 1. Landmark Limited, 2. Fiora Link Road Properties Limited, and 3. Trexa ADMC Private Limited. Trent Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 04, 2013, has approved the Scheme of Amalgamation and Arrangement (The Scheme') between Landmark Limited ( andmark'), Fiora Link Road Properties Limited (iora') and Trexa ADMC Private Limited (¶rexa') with the Company under the applicable provisions of the Companies Act, 1956, after considering the recommendation of the Audit Committee. The Appointed Date for the merger shall be April 01, 2013. The entire paid-up equity share capital of Landmark, Fiora and Trexa is wholly owned by the Company, either directly or indirectly through its wholly owned subsidiary, hence, no shares of the Company will be issued and allotted pursuant to the proposed Scheme. The Scheme is approved by the Board of Directors subject to the requisite approval of the members and/ or creditors as may be directed by the High Court of Judicature at Bombay and subject to all such requisite approvals from the relevant regulatory authorities and sanction of the High Court of Judicature at Bombay. (As Per BSE Announcement Dated on 04.03.2013) 
18-Feb-13 
Trent Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 18, 2013, have approved to purchase from TVS Shriram Growth Fund I ('the Fundü') its entire shareholding of 18,25,074 Equity Shares of Rs. 10/- each of Landmark Ltd., a subsidiary of the Company for a consideration of Rs. 84 crores. Further, it has been agreed between the parties that the Fund would retain an option to invest in a minority stake in Westland Limited (also a subsidiary of the Company) at a future date. The Company would continue to pursue the build out of the Landmark format, increasingly focusing on family entertainment categories and seek to integrate these operations with the Westside business. This is aimed at realizing cost and other operating synergies. 
31-Jan-13 
Quarterly Results 
31-Oct-12 
Trent Ltd has informed BSE that the Shareholders of the Company at its Annual General Meeting held on August 10, 2012 have approved issue of not exceeding 16,67,000 Equity Shares of Rs. 10/- each in accordance with the provisions of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, on a Preferential Allotment basis to: (i) the Promoter of the Company viz. Tata Sons Limited and/or its subsidiaries Ewart Investments Limited and/or Panatone Finvest Limited, and (ii) Tata Investment Corporation Limited. On consideration of the application made by Tata Sons Limited, the Board of Directors of the Company on October 31, 2012 has allotted 8,00,530 Equity Shares of Rs. 10/- each to Tata Sons Limited, at a price of Rs. 980/- per equity share (including Rs. 970/- towards share premium). Consequent to the allotment, the paid up Equity Share Capital of the Company stands increased from Rs. 32,43,10,140/- to Rs. 33,23,15,440/-. 

AGM

10-Aug-12
Trent Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 25, 2012 to July 27, 2012 (both days inclusive) for the purpose of Payment of Dividend & 60th Annual General Meeting (AGM) of the Company to be held on August 10, 2012. If the dividend on equity shares, as recommended by the Board of Directors, is passed at the forthcoming Annual General Meeting, such dividend will be paid / dispatched on or after August 14, 2012. Trent Ltd has informed BSE that the 60th Annual General Meeting (AGM) of the Company will be held on August 10, 2012. (As Per BSE ANnouncement Website Dated on 16/07/2012) Trent Ltd has informed BSE that the 60th Annual General Meeting (AGM) of the Company was held on August 10, 2012. (As Per BSE Announcement Website Dated on 11/08/2012) Trent Ltd has informed BSE regarding the details of the Voting Results at the 60th Annual General Meeting (AGM) of the Company held on August 10, 2012, under Clause 35A. (As Per BSE Announcement Dated on 13.08.2012) Trent Ltd has informed BSE that the Shareholders of the Company at its Annual General Meeting held on August 10, 2012 have approved issue of not exceeding 1667000 Equity Shares of Rs. 10/- each in accordance with the provisions of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. 2009, as amended on a Preferential Allotment basis to: 1. The Promoter of the Company viz. Tata Sons Limited and/or its subsidiaries Ewart Investments Limited and/or Panatone Finvest Limited, and 2. Tata Investment Corporation Limited. On consideration of the application made by Tata Investment Corporation Limited, the Board of Directors of the Company on August 22, 2012 has allotted 2,04,081 Equity Shares of Rs. 10/- each at a price of Rs. 980/- per equity share (including Rs. 970/- towards share premium) to them. Consequent to the allotment, the paid up Equity Share Capital of the Company stands increased from Rs. 27,24,95,190/- to Rs. 27,45,36,000/-. (As Per BSE Announcement Dated on 22.08.2012) Trent Ltd has informed BSE that the Shareholders of the Company at its Annual General Meeting held on August 10, 2012 have approved issue of not exceeding 16,67,000 Equity Shares of Rs. 10/- each in accordance with the provisions of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, on a Preferential Allotment basis to: (i) the Promoter of the Company viz. Tata Sons Limited and/or its subsidiaries Ewart Investments Limited and/or Panatone Finvest Limited, and (ii) Tata Investment Corporation Limited. On consideration of the application made by Panatone Finvest Limited and Ewart Investments Limited, the Board of Directors of the Company on August 25, 2012 has allotted 4,26,000 Equity Shares of Rs.10/- each to Panatone Finvest Limited and 1,00,000 Equity Shares of Rs.10/- each to Ewart Investments Limited, at a price of Rs.980/- per equity share (including Rs.970/- towards share premium). Consequent to the allotment, the paid up Equity Share Capital of the Company stands increased from Rs. 27,45,36,000/- to Rs.27,97,96,000/-. (As Per BSE Announcement Dated on 25.08.2012) 
05-Aug-11
AGM 05/08/2011 Trent Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on August 05, 2011 inter alia, have approved the following: 1. Ordinary Resolution No.1 for Approval of Accounts. 2. Ordinary Resolution No.2 for Declaration of Dividend @ 0.1% on 70000 Redeemable Preference Shares. 3. Ordinary Resolution No.3 for Declaration of Dividend at 0.1% on the Cumulative Compulsorily Convertible Preference Shares (CCPS) Series-A for the period from the date of allotment and upto the date of conversion i.e. from August 28, 2010 to September 01, 2011. 4. Ordinary Resolution No.4 for Declaration of Dividend @ Rs. 7.50 per Equity Share. 5. Ordinary Resolution No.5 for Re-appointment of Mr. A. D. Cooper. 6.Ordinary Resolution No.6 for Re-appointment of Auditors and to fix their remuneration. 7. Ordinary Resolution No.7 for Appointment of Mr. N. N. Tata as a Director. 8. Ordinary Resolution No. 8 for Appointment of Mr. B. Bhat as a Director. 9. Ordinary Resolution No.9 for Appointment of Mr. S. Susman as a Director. 10. Special Resolution No.10 for Commission to non-whole-time Directors. 11. Special Resolution No.11 for Appointment of Mr. P. N Auld as a 'Manager'. (As Per BSE Announcement Dated on 05.08.2011) 
18-Aug-10
AGM 18.08.2010 Trent Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on August 18, 2010, inter alia, have passed the following ordinary resolutions: 1. Approval of Accounts. 2. Declaration of Dividend on Equity Shares. 3. Declaration of Dividend on Redeemable Preference Shares. 4. Mr. B. S. Bhesania retires by rotation and has not sought re-election as a Director. 5. Appointment of Mr. Zubin. S. Dubash as a Director. With reference to earlier announcement regarding Outcome of AGM, Trent Ltd has now submitted to BSE the revised proceedings of the Annual General Meeting (AGM) of the Company held on August 18, 2010. (As Per BSE Announcement Website dated on 19.08.2010) Trent Ltd has informed BSE that the Shareholders at the AGM held on August 18, 2010 had inter-alia, approved unanimously the payment of an increased remuneration to Mr. Noel N Tata for the financial year March 31, 2010 subject to the approval of the Central Government. Subsequently, upon an application made by the Company to the Central Government, the Company has now received the approval of the Central Government for payment of an increased remuneration to Mr. Noel N Tata for the financial year ended March 31, 2010. (As Per BSE Announcement Dated on 07.03.2011) 
14-Aug-09
Trent Ltd. has informed the Exchange that the Board of Directors at its meeting held on June 17,2009 have approved the following : (1) Book closure date from August 04, 2009 to August 06, 2009 (2) The Annual General Meeting will be held on August 14, 2009. Trent Ltd has informed BSE that has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on August 14, 2009, inter alia, have passed the following resolutions: 1. Approval of Accounts. 2. Declaration of Dividend. 3. Re-Appointment of Mr. A D Cooper, Mr. K N Suntook as Directors. 4. Appointment of Auditors and to fix their Remuneration. 5. Increase in the Authorised Capital. 6. Amendment to the Articles of Association. 7. Re-appointment of Mr. N N Tata as the Managing Director. (As Per BSE Announcement Dated on 17/08/2009) 
27-Aug-08
Trent Ltd has informed BSE that the 56th Annual General Meeting (AGM) of the members of the Company will be held on August 27, 2008. 

EGM

16-Sep-09
Trent Ltd has informed BSE that pursuant to an Order made on July 31, 2009, the High Court of Judicature at Bombay has directed that, a meeting of the Equity Shareholders of the Company will be held on September 16, 2009 for considering, and if thought fit, to approve, with or without modification(s), the Scheme of Amalgamation of Satnam Developers and Finance Pvt. Ltd and Satnam Realtors Pvt. Ltd with Trent Ltd and their respective shareholders. Trent Ltd has informed BSE that in accordance with the directions of the Hon'ble High Court of Bombay, the Equity Shareholders of the Company at its Meeting held on September 16, 2009, have approved the Scheme of Amalgamation of Satnam Developers and Finance Pvt. Ltd. and Satnam Realtors Pvt. Ltd. with Trent Ltd ('the Scheme'), with requisite majority. (As Per BSE Announcement Dated on 17/09/2009) 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Page Industries 4,303.57 40.61 25.96 19.93 62.2 54.2 0.66
Trent 3,608.78 50.51 2.08 34.64 3.3 2.8 0.21
Future Retail 3,480.20 0.00 1.05 8.87 1.3 5.8 0.89
Bombay Rayon 3,204.15 17.62 1.09 9.02 7.3 8.6 1.17
Shoppers St. 3,129.59 78.90 4.51 21.58 10.2 14.8 0.32
Raymond 1,915.67 0.00 1.86 13.29 -3.4 5.1 1.24
Rupa & Co 1,351.50 25.19 7.08 14.68 23.5 22.2 1.00
Kewal Kir.Cloth. 937.14 17.54 3.69 8.61 24.6 34.9 0.05
Mandhana Indus 813.76 12.45 1.72 8.22 19.0 16.2 1.64
Welspun India 658.70 3.70 0.71 4.40 19.6 14.8 2.13
K P R Mill Ltd 511.13 6.20 0.87 5.17 5.2 5.7 1.13
Lovable Lingerie 473.00 21.14 2.98 20.19 11.9 15.3 0.01
Zodiac Cloth. Co 376.17 29.71 2.29 18.69 5.5 7.2 0.26
Hanung Toys 333.31 2.33 0.54 5.96 20.3 14.1 2.13
Trident 313.64 6.35 0.44 8.09 -7.4 4.2 3.55

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Key Information

Key Executives:

S N Tata , Chairman Emeritus 

F K Kavarana , Chairman 

N N Tata , Vice Chairman 

A D Cooper , Director 


Company Head Office / Quarters:
Bombay House,
24 Homi Mody Street,
Mumbai,
Maharashtra-400001
Phone : 91-22-66658282
Fax : 91-22-22042081
E-mail : investor.relations@trent-tata.com
Web : http://www.mywestside.com
Registrars:
TSR Darashaw Ltd
6-10 Haji Moosa
Patrawala Ind.Estate
DrEMoses Rd Mahalaxm
Mumbai - 400 011

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