Trident Ltd


BSE: 521064 | NSE: TRIDENT | ISIN: INE064C01014 
Market Cap: [Rs.Cr.] 280 | Face Value: [Rs.] 10
Industry: Textiles - Products

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Board Meet

15-May-13 
Audited Results Trident Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 15, 2013, have approved the following: 1. Appointment of Mr. Rajinder Gupta as Non Executive Chairman of the Board. 2. Change of accounting/financial year of the Company to 'January - December' in place of 'April -March'. Accordingly, the current accounting/financial year shall be of nine months i.e. from April 01, 2013 to December 31, 2013. 3. Implementation of Textile expansion and diversification project envisaging setting up of 1.76 lacs spindles of yarn & 500 looms of sheeting with an investment of Rs. 1667 crores. (As per BSE Announcement Dated on 15.05.2013) 
03-Feb-13 
Quarterly Results 
12-Nov-12 
Quarterly Results (Revised) (As Per Bulletin Dated on 07.11.2012) 
25-Oct-12 
Trident Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 25,2012 have approved the following: 1. Allotment of 50,00,000 Equity Shares of the Company to Trident Capital Limited,a Promoter Group entity pursuant to exercise of conversion option attached to convertible warrants issued on preferential basis on April 27, 2011.The Warrants have been converted into equivalent number of equity shares of face value of Rs.10/- each at a price of Rs. 17.05 per equity share in accordance with SEBI{Issue of Capital & Disclosure Requirements)Regulations,2009. Consequent to this allotment,the paid up equity share capital of the Company has increased to Rs. 310,83,71,120/-. 2. Constitution of a 'Corporate Advisory BoardJ' to act as a representative of shareholders of the Company to enhance shareholder's value and to empower the Key Managerial Personnel (KMPs) with substantial powers of management of the affairs of the Company. 3. Appointment of Mr.Abhishek Gupta as Chairman of the Corporate Advisory Board.Accordingly,Mr. Abhishek Gupta has relinquished the office of Managing Director & Director of the Company w.e.f. October 25,2012. 4.Redesignation of Mr.Rajinder Gupta as Director of the Company in a Non-Executive capacity w.e.f. October 25, 2012. 5. Appointment of Mr.Vikas Pratap as Additional Director on the Board w.e.f.October 25, 2012. 6. Appointment of the following Key Managerial Personnel to manage their respective areas of business/function:  Mr.P.K.Markanday as Chief Operating Officer (Home Textiles)  Mr. Rajneesh Bhatia as Chief Operating Officer (Yarns)  Mr. R.C.Johri as Chief Operating Officer (Papers)  Mr. Rajnish Gera as Chief Operating Officer (Energy & Chemicals)  Mr. Arun Goyal as Chief Financial Officer (Finance, Accounts & Taxation)  Mr.Y.P.S.Kanwar as Chief People Officer (HR, IR & Administration). 
09-Aug-12 
Quarterly Results 

AGM

24-Sep-12
AGM 24.09.2012 Trident Ltd has informed BSE that the 22nd Annual General Meeting (AGM) of the Company was held on September 24, 2012. (As per BSE Announcement Dated on 24.09.2012) Trident Ltd has informed BSE regarding the details of Voting results at the Annual General Meeting of the Company held on September 24, 2012, under Clause 35A. (As per BSE Announcement Dated on 25.09.2012) Trident Ltd has submitted to BSE a copy of the minutes of the 22nd Annual General Meeting (AGM) of the Company held on September 24, 2012. (As per BSE Announcement Dated on 04.10.2012)n  
30-Sep-11
AGM 30/09/2011 Trident Ltd has informed BSE that the 21st Annual General Meeting (AGM) of the Company will be held on September 30, 2011, at Trident Group, Rajkot Road, Sanghera, Punjab at 10.30 A.M. (As Per BSE Announcement Dated on 16.09.2011) Trident Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 30, 2011, inter alia, have approved the following: 1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2011, Profit and Loss Account and Cash Flow Statement for the year ended on that date alongwith the Reports of the Auditors and Directors thereon. 2. Declaration of dividend at 12% i.e. Rs. 1.20 per share. 3. Re-appointment of Mr. S.K. Tuteja as Director of the Company. 4. Re-appointment of Ms. Pallavi Shroff as Director of the Company. 5. Re-appointment of Mr. Rajiv Dewan as Director of the Company. 6. Re-appointment of Dr. M A Zahir as Director of the Company. 7. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Gurgaon as statutory Auditors of the Company. 8. Appointment of Mrs. Kavita Singh as Director of the Company. (As Per BSE Announcement Dated on 30.09.2011) Trident Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 30, 2011 inter alia, have accorded the following: 1. Adoption of the audited Balance Sheet as at March 31, 2011, Profit & Loss Account, Cash Flow Statement and other Statements of Accounts for the year ended on that date along with Auditors' Report and Directors' Report thereon. 2. Declaration of dividend @ 12% (Rs. 1.20 per share) on the amount paid-up on the Equity Shares. Also resolved that the aforesaid dividend shall also be paid to the shareholders of Trident Infotech Ltd and Trident Agritech Ltd in the same proportion after giving effect to the exchange ration as per the Scheme of Arrangement for Amalgamation sanctioned by the Hon'ble High Court at Chhatisgarh. 3. Appointment of Mr. S. K. Tuteja, Ms. Pallavi Shroff, Mr. Rajiv Dewan & Dr. M. A. Zahir as Directors of the Company, liable to retire by rotation. 4. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Gurgaon, as statutory auditors of the Company to hold the office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. 5. Appointment of Mrs. Kavita Singh, as a Director of the Company subject to annual retirement under the Articles of Association of the Company. (As Per BSE Announcement Website dated on 03.11.2011) 
25-Sep-10
Abhishek Industries Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 25, 2010. Abhishek Industries Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 25, 2010, inter alia, have transacted the following: 1. Adoption of Audited Balance Sheet of the Company as at March 31, 2010; Profit and Loss Account and Cash Flow Statement for the year ended on that date alongwith the Reports of the Auditors and Directors thereon. 2. Re-appointment of Mr. S.K. Tuteja, Ms. Pallavi Shroff & Mr. Rajiv Dewan as Directors of the Company. 3. Re-appointment of M/s Deloitte Haskins & Sells, Chartered Accounts, as the Statutory Auditors of the Company to hold the office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company. 4. Appointment of Mr. Anurag Agarwal & Dr. M A Zahir as Directors of the Company. Results of Postal Ballot The result of postal ballot conducted by the Company was announced at the Annual General Meeting of the Company held on September 25, 2010. The shareholders took note of the results of Postal Ballot for the following items: 1. Increase in borrowing powers under the provisions of Section 293(1)(d) of the Companies Act, 1956. 2. Creation of Charge on Assets pursuant to the provisions of Section 293(1)(a) of the Companies Act, 1956. 3. Increase of limit of inter corporate loans, investments etc under Section 372A of the Companies Act, 1956. 4. Re-appointment of Mr. Abhishek Gupta as employee of the Company pursuant to section 314(1B) of the Companies Act, 1956. 5. Appointment of Mrs. Madhu Gupta as employee of the Company pursuant to section 314(1B) of the Companies Act, 1956. 6. Increase in Authorized Share Capital of the Company pursuant to the provisions of the Articles of Association of the Company and Section 94 and other applicable provisions, if any, of the Companies Act, 1956, from Rs. 600 Crores to Rs. 1800 Crores. 7. Alteration in Clause V of the Memorandum of Association of the Company pursuant to Section 16 and other applicable provisions if any, of the Companies Act, 1956. 8. Alteration in Article 5 of the Articles of Association of the Company pursuant to Section 31 and other applicable provisions if any, of the Companies Act, 1956. 9. Raising of funds through issue of securities Section 81 (1A) and all other applicable provisions of the Companies Act, 1956, upto Rs. 1000 Crores. 10. Considered and approved the Increase in remuneration of Mr. Raman Kumar, Wholetime Director of the Company. (As Per BSE Announcement Dated on 23.10.2010) 
27-Aug-09
Abhishek Industries Ltd has informed BSE that the Ministry of Commerce & Industry, Government of India, has granted the status of Star Trading House to the Company on the basis of export performance of the Company vide their letter dated August 19, 2009. Abhishek Industries Ltd has informed BSE that the shareholders at the 19th Annual General Meeting (AGM) of the Company held on August 27, 2009, inter alia, have accorded to the following: 1. Adoption of Audited Balance Sheet of the Company as at March 31, 2009; Profit and Loss Account and Cash Flow Statement for the year ended on that date along with the Reports of the Auditors and Directors thereon. 2. Re-appointment of Mr. S K Tateja, Ms. Pallavi Shroff, Ms. Ramni Nirula and Mr. Rajiv Dewan Raman Kumar as Directors of the Company. 3. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, New Delhi, as statutory auditors of the Company, to hold the office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. 4. Appointment of Mr. Karan Avtar Singh as Director of the Company. 5. Appointment of Mr. Raman Kumar as Whole Time Director and payment of remuneration thereof. 6. Approval for increase in remuneration of Mr. Abhishek Gupta, Son of Mr. Rajinder Gupta, Managing Director of the Company. 7. Approval for increase in Borrowing Powers. 8. Approval for Employee Stock Options Scheme. Abhishek Industries Ltd has informed BSE that the members at the 19th Annual General Meeting (AGM) of the Company held on August 27, 2009, inter alia, have also accorded to the following: 1. Appointment of Mr. Raman Kumar as Whole Time Director of the Company for a period of three years with effect from September 24, 2008 on remuneration, terms and conditions. 2. Fixed the remuneration of Mr. Abhishek Gupta, son of Mr. Rajinder Gupta, Managing Director of the Company w.e.f. April 01, 2009. 3. Accorded consent to the Board of Directors of the Company for borrowing monies, from time to time, at its discretion either from the Company's bankers or any other bank(s), financial institution(s), international tending agencies or any other lending institution(s), persons, firms, trusts or bodies Corporates by way of deposits, advances or other loans, convertible / non-convertible debentures, whether unsecured or secured directly by mortgage, charge, hypothecation or pledge of any of the Company's assets and properties, book debts or by collateral security thereon or on such terms and conditions as may be considered suitable by the Board of Directors, even though the monies to be borrowed together with monies already borrowed by the Company, apart from temporary loans obtained from Company's Bankers in the ordinary course of business, exceeds the aggregate paid-up capital of the Company and its free reserves i.e. reserves not set apart for any specific purpose provided, however, that the total amount of such borrowings shall not exceed the amount of Rs 3000,00,00,000/- (Rupees Three thousand crores only) at any time, subject to necessary provisions and approvals. 4. Accorded consent to the Board of Directors of the Company ('the Board'), in addition to existing ESOP scheme of the Company, to create, offer, issue and allot at any time to or to the benefit of such person(s) who are in permanent employment of the company, including any Director, whether whole time or otherwise (except any director who is a promoter or belongs to the promoter group or otherwise, who holds, either by himself or through his relative, or through any body corporate, directly or indirectly, more than 10% of the outstanding equity Shares of the Company), of the Company, whether in India or abroad, options exercisable into shares or securities convertible into equity shares up to 5% of paid up share capital of the Company as on March 31, 2009, i.e. upto 1,11,09,733 equity shares [including the quantum of shares that may be bought by an Employee Welfare Trust (hereinafter referred to as 'the Trust' which term shall be deemed to include any Employee Welfare Trust formed for this purpose) through any of the recognised stock exchanges where the company's shares are traded], under one or more employee stock option schemes ('the Schemes'), in one or more tranches, and on such terms and conditions as may be fixed or determined by the Board in accordance with the provisions of the law or guidelines issued by the relevant Authority; each option would be exercisable for one Equity share of a face value of Rs 10 each fully paid-up on payment of the requisite exercise price to the Company, subject to necessary provisions and approvals. (As Per BSE Announcement Dated on 22/09/2009) 
24-Sep-08
Abhishek Industries Ltd has informed BSE that the shareholders at the Annual General Meeting (AGM) of the Company held on September 24, 2008, inter alia, have accorded to the following: 1. Ordinary Resolution for the appointment of Mr. Raman Kumar as a Director in place of Mr. Ajay Selan, who retires by rotation and does not seek reappointment. 2. Special Resolution for reappointment of Mr. Rajinder Gupta as Managing Director and payment of remuneration thereof for a further period of three years w.e.f. April 01, 2008. 3. Special Resolution for appointment of Mr. Abhishek Gupta, son of Mr. Rajinder Gupta, Managing Director of the Company as an employee of the Company. Abhishek Industries Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on September 24, 2008, inter alia, have accorded to the following: 1. Adoption of the audited Balance Sheet as at March 31, 2008; Profit & Loss Account; Cash Flow Statement and other Statements of Accounts for the year ended on that date along with Auditors' Report and Directors' Report thereon. 2. Appointment of Mr. S K Tuteja, Ms. Pallavi Shroff, Ms. Ramni Nirula and Mr. Rajiv Dewan, as Directors of the Company, liable to retire annually. 3. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, New Delhi, as statutory auditors of the Company, to hold the office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. 4. Appointment of Mr. Anurag Verma, as Director of the Company. (As per BSE Announcement dated on 21/10/2008) 

EGM

16-Jul-11
Trident Ltd has informed BSE that pursuant by an Order made on May 20, 2011, in the above Company Petition, the Hon'ble High Court for the States of Punjab & Haryana at Chandigarh has directed that a meeting of the Equity Shareholders & Secured Creditors & Unsecured Creditors of the Company will be held on July 16, 2011.,for the purpose of considering, and if thought fit, approving, with or without modification(s), the Scheme of Arrangement for Amalgamation between Trident Infotech Limited, Trident Agritech Limited and Trident Limited and their respective Equity Shareholders, Preference Shareholders and Creditors, for amalgamation of the Trident Infotech Limited and Trident Agritech Limited, with Trident Limited. Trident Ltd has informed BSE that the Hon'ble High Court at Chandigarh vide its Order dated August 10, 2011 (received on August 19, 2011) has reviewed the respective Chairman Reports of the Court Convened Meetings of Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company held on July 16, 2011 at Barnala and announced that the Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company have approved the Scheme of Arrangement for Amalgamation of Trident Infotech Limited, Trident Agritech Limited and Trident Limited as per Notice dated May 31, 2011. The said Scheme of Arrangement is now subject to the final approval by the Hon'ble Punjab & Haryana High Court at Chandigarh. (As Per BSE Announcement Dated on 22.08.2011) 
18-Mar-06
EGM 18/03/2006 To consider inter alia, the following business: 1. Investment in the Equity Shares of the Company by Foreign Institutional Investors registered with SEBI upto 49% of the paid up equity capital of the Company, subject to necessary approvals & provisions. 2. To borrow monies, from time to time, by way of deposits, advances or other loans, convertible / non-convertible debentures, whether unsecured or secured directly by mortgage, charge, hypothecation or pledge of any of the Company's assets and properties, book debts or by collateral security thereon or on such terms and conditions as may be considered suitable by the Board of Directors, even though the monies to be borrowed together with monies already borrowed by the Company, apart from temporary loans obtained from Companys Bankers in the ordinary course of business, exceeds the aggregate paid-up capital of the Company and its free reserves i.e. reserves not set apart for any specific purpose provided, however, that the total amount of such borrowing shall not exceed the amount of Rs 2000,00,00,000/- at any time, subject to necessary approvals & provisions. 3. Re-appointment of Mr. Rajinder Gupta as Managing Director of the Company for a period of three years with effect from April 01, 2006. 4. To take note of the result to be submitted by the Scrutinizer for the Ordinary resolution proposed to be passed separately, by way of Postal Ballot, for creation of Charge over moveable and immoveable properties of the Company for securing term loans and working capital facilities etc. under section 293(1)(a) of the Companies Act, 1956, upto an aggregate limit of Rs 20000 million, subject to necessary approvals & provisions. The Board has appointed Mr. K K Kapoor, practicing Chartered Accountant, as Scrutinizer for conducting the postal ballot process. The Postal Ballot form duly completed should reach the Scrutinizer not later that the close of working hours on March 17, 2006. The Scrutinizer will submit his report to the Chairman after completion of the Scrutiny and the results of the Postal Ballot shall be declared and confirmed at the Extra Ordinary General Meeting scheduled to be held on March 18, 2006. Abhishek Industries Limited has informed the Exchange that the shareholders in their EGM held on March 18, 2006 have approved the following : -(1) Increase in Investment limit of Foreign Institutional Investors (FIIs) upto 49% of paid up equity capital of the Company.(2) Increase in the borrowing powers of the Board of Directors.(3) Re- appointment of Mr Rajinder Gupta as Managing Director of the Company and payment of remuneration thereof. Further, shareholders also took note of the result of postal ballot for the resolution under Section 293(1) (a) of the Companies Act, 1956 which was passed by 99.99% majority. (As per NSE Bulletin dated on 22/03/2006) The company has informed that the shareholders at the Extraordinary General Meeting (EGM) of the Company held on March 18, 2006, have approved the following: 1. Increase in Investment Limit of Foreign Institutional Investors (FIIs) upto 49% of paid up equity capital of the Company. 2. Increase in the borrowing powers of the Board of Directors of the Company. 3. Re-appointment of Mr. Rajinder Gupta as Managing Director of the Company. Further the Company has informed that the shareholders also took note of the results of postal ballot for the resolution under Section 293(1)(a) of the Companies Act which was passed by majority. (As per BSE Bulletin dated on 23/03/2006) Abhishek Industries Limited has submitted to the Exchange a copy of the minutes of the EGM of the Company held on March 18, 2006. (As per NSE Bulletin dated on 30/03/2006) 
12-Dec-03
EGM 12/12/2003 1) Reclassification of Authorised Share Capital 2)Alteration in MoA 3)Alteration in AoA Abhishek Industries Limited has informed the Exchange of the EGM of the Company to be held on December 12, 2003 to transact the following business : 1) Reclassification of Authorised Share Capital; 2) Alteration in Memorandum of Association; 3) Alteration in Articles of Association; 4) Increase in sitting fees payable to Non Executive Directors. (As per NSE Bulletin dated on 13/11/2003) Abhishek Industries Limited has informed the Exchange that the Shareholders at EGM approved the following:1)Reclassification of Authorised Share Capital of the Company to be divided into equity shares of Rs.250 crores and preference share of Rs.50 crore agreegating to Rs.300 crores.2)Alteration in Memorandum of Association to give effect to reclassification of Authorised Shares-Capital.3)Alteration in Articles of Association and 4)Increase in sitting fees payable to Non Executive Director to Rs. 20,000/- per person for attending each meeting of the board or committees therof. (As per NSE Bulletin dated on 15/12/2003)  
07-Jul-03
EGM 07/07/2003 - To consider the delisting of equity shares of the company fromk The Stock Exchange, Ahmedabad, The Delhi Stock Exchange Association Ltd and The Ludhiana Stock Exchange Association Ltd.  
09-Mar-02
EGM of the company will be held on 09.03.02 to consider the issue through preferential allotment, private placement or otherwise upto 1,47,00,000 equity shares of Rs.10/- each for cash at par to promoters and to declare result of postal ballot regarding change in main object clause of the company.  

Peer Comparison

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(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
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ROE
(%)
ROCE
(%)
D/E
(x)
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Future Retail 3,149.08 0.00 0.95 8.87 1.3 5.8 0.89
Shoppers St. 3,147.43 79.35 4.54 21.58 10.2 14.8 0.32
Raymond 1,821.45 0.00 1.77 13.29 -3.4 5.1 1.24
Rupa & Co 1,462.80 27.26 7.67 14.68 23.5 22.2 1.00
Kewal Kir.Cloth. 1,018.40 19.06 4.01 8.61 24.6 34.9 0.05
Mandhana Indus 810.28 12.40 1.72 8.22 19.0 16.2 1.64
Welspun India 624.19 3.51 0.67 4.40 19.6 14.8 2.13
K P R Mill Ltd 487.96 4.84 0.74 5.17 5.2 5.7 1.13
Lovable Lingerie 465.02 20.78 2.93 20.19 11.9 15.3 0.01
Zodiac Cloth. Co 373.06 29.46 2.27 18.69 5.5 7.2 0.26
Hanung Toys 325.61 2.28 0.53 5.96 20.3 14.1 2.13
Kitex Garments 299.01 10.40 2.44 4.45 26.7 26.8 0.92

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Key Information

Key Executives:

Pallavi Shroff , Director  

Rajiv Dewan , Director  

M A Zahir , Director  

Pawan Jain , Company Secretary  


Company Head Office / Quarters:
Trident Group,
Raikot Road,
Sanghera,
Punjab-148101
Phone : 91-161-5039900/5038800
Fax :
E-mail : corp@tridentindia.com
Web : http://www.tridentindia.com
Registrars:
Alankit Assignments Ltd
2E/21 Alankit House
Anarkali Market
Jhandewalan Extn
New Delhi - 110055

Fund Holding

 
Scheme Name No. of Shares
No data found

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