Trident Texofab Ltd Management Discussions

Economic overview Global economy

The global economy in 2026 is defined by moderate growth, uneven momentum across regions, and a fresh set of supply-side pressures that have replaced the trade disruptions of the previous year as the dominant source of risk. Activity continues to expand, yet the pace has softened and remains well below the averages recorded before the pandemic.

Leading forecasts confirm this restrained picture. Global growth is projected at 3.0% in 2026 and 3.4% in 2027, down from the 3.5% average recorded across 2024 and 2025. Other major institutions echo this caution, describing a world economy that is steady but exposed, with growth propped up by a narrow set of sectors rather than a broad-based recovery.

The outlook varies sharply by region. In the United States, growth is expected to hold near 2.3%, supported by fiscal measures and technology investment even as the labour market cools. China is set to expand by around 4.6%, a modest upgrade helped by resilient exports, while the eurozone remains subdued at close to 1%. India stays the clear outperformer among major economies, its momentum anchored in domestic demand rather than external trade.

Two opposing forces shape this landscape. On one side, conflict in the Middle East has lifted energy prices, unsettled shipping routes, and weighed most heavily on energy importers and vulnerable economies. On the other, a technology cycle driven by investment in artificial intelligence is lifting activity in economies plugged into the global technology value chain, partially offsetting the drag.

Inflation has proved stickier than expected. The disinflation trend in place since early 2024 has stalled, and global headline inflation is now estimated at 4.7% for 2026, up from 4.1% in 2025, before an anticipated easing to 3.9% in 2027 Elevated price pressures, combined with high public debt, continue to narrow the room available to policymakers to respond to new shocks.

Emerging and developing economies face a mixed environment. Those integrated into technology supply chains, along with energy exporters outside the conflict zone, are benefiting from favourable terms of trade, while commodity importers and low-income countries are absorbing the brunt of higher food and fuel costs. For many of the latter, income convergence with advanced economies has slowed.

Taken together, the 2026 outlook points to a resilient but fragile expansion. Prolonged conflict, geopolitical fragmentation, a possible reassessment of technology-driven productivity gains, and renewed trade frictions all sit on the downside. Sustained progress will depend on restoring price stability, rebuilding fiscal buffers, and reducing the uncertainty that continues to hold back investment.

Source: IMF, World Bank, OECD

Indian economy

The Indian economy in 2026 continues to stand out globally, retaining its position as the fastest-growing major economy in a world weighed down by conflict, subdued trade, and geopolitical uncertainty. Real GDP is estimated to have grown by about 74% in 202526, a marked acceleration from 6.5% in the previous year, with

growth driven predominantly by domestic demand rather than exports.

Domestic drivers remain central to this performance. Private consumption has strengthened as inflation has fallen, with the share of private final consumption expenditure rising to its highest level in more than a decade. Quarterly momentum has been strong, with the economy expanding by 8.2% in the July to September quarter, led by a broad-based pick-up across manufacturing, construction, and services. Public investment and improving private investment intentions have added further support.

Macroeconomic stability has been a defining feature of the year. Retail inflation fell sharply, averaging around 1.7% in the first three quarters of 202526 compared with 4.6% a year earlier, aided by softer food prices and favourable supply conditions. This easing has improved real purchasing power and given the Reserve Bank of India room to maintain supportive financial conditions, even as headline inflation is expected to normalise gradually towards the 4% target in the year ahead.

External balances have remained manageable. The current account deficit narrowed in the first half of the year, supported by resilient services exports and steady private transfers that offset the goods trade deficit. Foreign exchange reserves stayed comfortable at close to USD 697 billion, providing a strong buffer against global volatility, while foreign direct investment inflows continued.

Policy has stayed focused on manufacturing, employment, and infrastructure. Continued public capital expenditure, tax rationalisation, and structural

reforms have underpinned demand, while initiatives to deepen domestic manufacturing and reduce import reliance have progressed. Looking ahead, real GDP is projected to grow in a range of about 6.8% to 7.2% in 2026-27, keeping India firmly on course to become the worlds third-largest economy before the end of the decade.

Nonetheless, risks remain. Externally, conflict in the Middle East, elevated energy prices, and broader geopolitical instability could weigh on trade and inflation. Domestically, sustaining job creation and broadening the gains of growth remain priorities. On balance, Indias blend of resilient domestic demand, prudent macroeconomic

management, and a favourable demographic profile positions it to sustain momentum and continue anchoring global growth in the years ahead. Source: IMF, World Bank, RBI

Industry scenario Global Textile Market

The global textile market enters 2026 on a firm footing, extending the growth it has shown through a stretch of wider economic uncertainty. From a base of about USD 2,123.72 billion in 2025, the market is estimated to reach roughly USD 2,281.51 billion in 2026 and is expected to expand towards USD 4,016.50 billion by 2034, a compound annual growth rate of close to 7.35% across the forecast horizon.

Production stays concentrated in Asia Pacific, which holds the largest share of global output on the strength of established infrastructure, ready access to raw materials, and competitive labour. Cotton continues to lead the raw-material mix by value, though man-made and blended fibres are steadily gaining share as cost and performance considerations weigh on buyers. Investment in automation, connected machinery, and AI-assisted processes is lifting productivity and consistency along the value chain.

Growth is drawn from demand for natural and functional fibres, wider e-commerce reach, faster fashion cycles, and the expanding use of textiles in industrial and technical applications. Running alongside is a decisive move towards

responsible production, as manufacturers adopt recycled inputs, cleaner processing, and circular practices to keep pace with environmental rules and buyer expectations.

Source: Precedence Research

Global Apparel Market

The global apparel market has carried its momentum into 2026, with worldwide revenue estimated at close to USD 1.9 trillion for the year and expected to keep growing at a low singledigit pace over the remainder of the decade, supported by rising incomes and steady replacement-driven demand. Womens apparel remains the largest category by value, while the United States is the single largest national market and Asia contributes the bulk of incremental growth.

The way consumers buy continues to shift. Online channels now account for a growing share of purchases and are outpacing physical retail in volume growth, while mobile and social commerce draw younger buyers into the market earlier. Spending is also polarising, with value formats and premium, performance-led segments both gaining ground at the expense of the middle of the market.

Competition is increasingly defined by speed and traceability, as fast-fashion and data-driven brands compete on short design-to-shelf cycles while established players invest in supply-chain visibility and near-shoring. At the same time, sustainability is moving from a marketing message to a genuine purchase consideration for a widening group of consumers, gradually reshaping what they buy and how often they replace it.

Source: Statista, Grand View Research

Global Textile and Apparel Trade

International textile and apparel trade continues to reflect the industrys deeply interconnected structure, with flows spanning raw fibre, fabric, and finished garments across every major region. China retains its position as the worlds largest textile and apparel exporter, followed by India among the leading suppliers, while the United States remains the single largest importer. India accounts for close to 4.5% of global textile and apparel trade.

Indias textile and apparel exports, including handicrafts, rose to around P3,25,339 crore, equivalent to roughly USD 33.5 billion, in 2025-26, a growth of about 1.8% over the previous year despite a challenging external environment. Exports were recorded across more than 100 countries, and readymade garments remained the largest category, with the United States continuing as the leading destination. Over the period from 2019-20 to 2025-26, exports have grown at a compound annual rate of roughly 4.5%.

Global trade patterns are being reshaped by geopolitical realignment, supply-chain diversification under the China Plus One approach, and the cost pressures created by conflict- affected shipping routes. India is leveraging an expanding network of trade agreements, with 16 Free Trade Agreements now in force, including the India- United Kingdom Comprehensive Economic and Trade Agreement, opening preferential access to major markets and supporting a diversification strategy aimed at priority countries.

Source: Ministry of Textiles, IBEF

Opportunities Driving Growth

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Green and Responsible Fibres

The market for sustainable materials is widening quickly as buyer expectations, regulation, and brand commitments move in the same direction. Organic cotton, recycled polyester, and biodegradable fibres are shifting from niche to mainstream, and tighter disclosure rules in major export markets are turning responsible sourcing into a condition of access rather than an optional claim. Producers that build clean inputs and processes into their operations early stand to win premium demand and more durable buyer relationships.

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Connected and Functional Fabrics

Textiles that sense, respond, and connect are among the fastest-growing parts of the industry, with the global smart- textiles market estimated to rise from about USD 75 billion in 2025 to close to USD 9.6 billion in 2026 and on track to approach USD 25 billion by 2030. Healthcare monitoring, protective and defence uses, and sports performance are leading demand, as embedded sensors and analytics turn fabric into a platform for personalised health and fitness applications.

Textiles Beyond Apparel

Fabrics engineered for function rather than fashion keep opening new markets, with the global technical-textiles segment valued at around USD 253 billion in 2025 and set to exceed USD 267 billion in 2026. Applications reach across automotive, healthcare, construction, agriculture, and defence. In India, the National Technical Textiles Mission and production-linked incentives are deepening domestic capability and cutting import reliance in higher-value products.

Automated, Data-Led Production

Automation and analytics are changing how textiles are made. IoT-connected machinery, AI-based forecasting, and automated lines are lifting throughput and trimming waste, with early adopters reporting real gains in cost and efficiency. Cloud platforms provide live visibility across the supply chain, while 3D design and virtual prototyping compress development timelines and quicken the route to market.

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Digital-First and Direct Retail

Online channels keep expanding, giving producers and brands direct reach into domestic and global markets while trimming traditional retail costs. Mobile and social commerce, virtual try-on, and personalised recommendations are building fresh engagement and lifting conversion, and direct-to-consumer models let manufacturers capture more of the value they create.

Consumption in Developing Markets

Developing economies across Asia Pacific and Africa offer a long runway, powered by rising incomes, urbanisation, and expanding middle classes. Indias own market, growing at a double-digit pace, pairs a manufacturing cost advantage with fast-rising demand for branded and premium products, presenting opportunity on both the supply and demand sides.

Circularity and Fibre Recovery

Circular models are moving from concept to commercial reality through fibre-to-fibre and chemical recycling and closed-loop production. These approaches tackle mounting waste and regulatory pressure while opening new revenue pools, and firms that adopt them are seeing stronger brand loyalty and better access to sustainability-linked finance.

Personalised, On-Demand Production

Demand for individual products is driving 3D knitting, digital printing, and on-demand manufacture, letting brands offer bespoke designs and fits while holding down cost and inventory risk. The pull towards selfexpression supports premium pricing and eases the exposure that comes with producing to forecast rather than to order.

Health, Hygiene, and Medical Textiles

Medical and hygiene textiles keep growing on the back of ageing populations, higher healthcare spending, and sustained hygiene awareness. Sensor-enabled fabrics for patient monitoring, antimicrobial materials for infection control, and advanced wound-care and implantable textiles all sit in high-value, defensible parts of the market.

Cross-Sector Innovation Partnerships

Collaboration between textile makers, technology companies, and end-user industries is speeding both innovation and market access. Tie-ups across automotive, construction, and fashion-tech are creating new revenue streams, while links between textiles and agriculture are advancing sustainable fibre production and smartfarming applications.

Source: Precedence Research, Fortune Business Insights, IBEF

Indian Textile and Apparel Industry

The Indian textile and apparel industry remains one of the countrys most significant economic sectors, contributing meaningfully to GDP, employment, and export earnings. The overview below examines the sectors current scale, its growth trajectory, and the key drivers shaping its path forward.

Textile Market Overview

Indias textile industry has continued to build scale, reaching close to USD 190 billion in 2025-26 and remaining on course to achieve the USD 350 billion mark by 2030.

The domestic market, valued at around USD 225 billion, is growing at an estimated 10% to 12% annually, spanning the entire value chain from fibre and yarn to finished apparel and technical textiles. India ranks among the worlds largest textile producers and holds a leading

global position across several segments, including cotton, silk, and jute.

The domestic market accounts for the larger share of overall demand, with apparel forming the dominant category, followed by technical and home textiles. Indias competitive strengths lie in the availability of raw materials, skilled labour, and diverse production capabilities that bridge traditional handloom clusters and modern industrial manufacture. Guided by the governments Farm to Fibre, Fibre to Factory, Factory to Fashion, and Fashion to Foreign vision, the industry has evolved into an integrated ecosystem connecting farmers, weavers, manufacturers, and exporters.

The sectors strength lies in its complete value-chain integration, from raw fibre to finished goods. It provides direct employment to more than 5 crore people, making it one of the countrys largest employers, with a further two crore jobs

expected to be created over the coming years. Sustained public investment, rising domestic consumption, and a young workforce continue to underpin the industrys long-term growth potential.

Apparel Market Overview

Indias apparel market represents the fastest-growing segment within the wider textile industry, benefiting from a large and youthful population with a median age of around 28 years. Rising incomes, urbanisation, and shifting consumer preferences are driving demand across both mass-market and premium categories, with womens apparel forming the largest sub-segment.

Ready-made garments remain the backbone of Indias apparel exports, with the United States continuing as the leading destination and demand supported by the China Plus One sourcing strategy and inventory restocking by global buyers. Independent estimates suggest Indian apparel exporters could see revenue growth in the high single to low double digits in 2025-26, aided by higher volumes and firmer prices.

Domestically, the apparel sector is supported by robust private consumption, easing inflation, and strategic public investment. E-commerce penetration has widened market access considerably, with the direct-to- consumer channel expanding rapidly and bringing branded products within reach of a broader consumer base across urban and rural markets alike.

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Growth Opportunities Driving the Indian Textile & Apparel Industry

Sustainable Manufacture at Scale

The global shift towards sustainable production is opening room for manufacturers that can deliver it at scale. In India, integrated infrastructure under PM MITRA, alongside rising adoption of solar power, water recycling, and cleaner dyeing, is making resource- efficient manufacture more affordable. As buyers in key markets tighten environmental requirements, credible sustainability credentials are becoming a route to preferential access rather than a cost.

Smart Factories and Digital Integration

Digital adoption is spreading across the textile value chain, from connected looms and predictive maintenance to AI-assisted planning. These tools raise consistency and utilisation while cutting errors and downtime, and digital design and sampling shorten the path from concept to dispatch, helping manufacturers, Indias among them, respond faster to buyer requirements.

High-Performance and Technical Textiles

Technical textiles remain one of the sectors most promising frontiers, spanning automotive, healthcare, infrastructure, and defence. Backed by the National Technical Textiles Mission, domestic capability is deepening in speciality fibres, geo-textiles, and smart textiles, with value- added products earning stronger margins than commodity fabrics.

New Digital Sales Channels

Online retail and the direct- to-consumer model are widening market access for brands and manufacturers alike. E-commerce reach into smaller towns and rural markets, combined with virtual try-on and data-led merchandising, is expanding the addressable base, while global marketplaces open a direct line to international buyers.

Policy Tailwinds and Investment Support

A supportive policy framework continues to underpin investment. Seven PM MITRA parks are creating integrated value chains, the production- linked incentive scheme is drawing fresh capital into man-made fibres and technical textiles, and the Union Budget for 2026-27 has sustained an enhanced allocation for the sector, reinforcing its growth agenda.

Sourcing Shifts and China Plus One

As global brands rebalance sourcing away from singlecountry dependence, India stands to gain. An expanding set of trade agreements offers preferential access to major markets, and competitive costs alongside a stable operating base position the country as a dependable alternative under the China Plus One approach.

Premiumisation and Value Addition

Rising demand for speciality and high-value products is rewarding differentiation. Sporttech, medical textiles, and geo-textiles command premium pricing, while investment in design, finishing, and private-label capability lets manufacturers move up the value chain and defend margins in a competitive market.

&Domestic andEmerging-Market

Demand

Rising middle-class populations across developing economies are generating substantial demand for textile products. Indias own market, large and young and expanding at a double-digit pace, is a powerful growth engine, while African and South Asian markets add further demand-led opportunity as urbanisation and changing lifestyles lift consumption of modern textiles and apparel.

The Indian textile and apparel industry stands at a pivotal point, supported by resilient domestic demand, steady policy backing, faster technology adoption, and widening access to global markets. With the sector working towards USD 350 billion in size and USD 100 billion in exports by 2030, it is well positioned to convert these drivers into durable growth and to strengthen Indias place as a global textile hub.

Source: IBEF, Ministry of Textiles, Precedence Research

Company overview

Trident Texofab Limited, incorporated in 2008 in Surat, Gujarat, was founded by Mr. Hardik Desai and Mr. Chetan Jariwala, who first laid the foundation of the business in 2000. The Company began as a textile trading enterprise, offering a broad portfolio of home furnishing products such as bed sheets, curtains, and upholstery, alongside categories including scarfs, pareos, suiting, and shirting. As its trading operations grew, the Company

transitioned from a private entity to a publicly listed one, launching its Initial Public Offering on the Bombay Stock Exchange in 2017 and subsequently migrating to the main board, positioning itself for larger-scale operations and a move into manufacturing.

The following year, Trident Texofab commenced its first greenfield manufacturing project in Surat, marking the start of its shift into production. Since then it manufactures various grey fabric and allied services, value-added

capabilities, and progressively expanded capacity across three phases of capital investment. Today the Company operates as a semi-composite textile enterprise with a portfolio spanning home furnishings, garments, technical textiles, and polyester and poly-blend fabrics, and an annual manufacturing capacity of around 250 lakh metres. Manufacturing now contributes the majority of revenue, and the Company continues to prioritise this vertical as the core driver of future growth and profitability.

FY26 Performance Discussion

During FY26, the Company recorded Revenue from Operations of %11,802.25 Lakhs, marginally lower than the %12,205.62 Lakhs reported in FY25, as softer demand and a weaker final quarter weighed on the top line. Total Income for the year stood at %11,986.35 Lakhs, against %12,535.75 Lakhs a year earlier.

At the operating level, EBITDA was T510.64 Lakhs, a margin of about 4.3%, broadly in line with the 4.5% recorded in FY25. Finance costs fell sharply to

%292.75 Lakhs from T454.98 Lakhs, a reduction of around 36% that reflects the Companys lower debt following its earlier capital raise. Profit before exceptional items and tax was T240.98 Lakhs, close to the T257.57 Lakhs reported in the previous year.

Profitability for the year was, however, affected by an exceptional charge of T112.72 Lakhs and a higher tax expense of %57.79 Lakhs, against %6.56 Lakhs in FY25 when profit had benefited from a deferred tax credit. As a result, Profit Before Tax was T128.25 Lakhs and Profit After Tax T70.46

Lakhs, compared with T257.57 Lakhs and T251.01 Lakhs respectively in FY25, with basic and diluted earnings per share of %0.54. Much of the decline was concentrated in the fourth quarter, which recorded a loss and absorbed the bulk of the exceptional charge, even as the first half of the year had shown healthy year-on-year growth. The summary below sets out the Companys key financial indicators for the year.

Financial ratios

(Rs. Lakhs)

Particulars	FY26	FY25
Revenue from Operations	11.802.25	12,205.62
Total Income	11,986.35	12,535.75
EBITDA (excluding Other Income)	510.64	547.20
Interest Cost	292.75	454.98
Depreciation and Amortisation	161.01	164.78
Profit Before Exceptional Items & Tax	240.98	257.57
Profit After Tax	70.46	251.01

Financial ratios

Particulars	FY26	FY25	% Variance	Reason for Variance
Current Ratio	2.24	1.91	17.05%	NA
Debt-Equity Ratio	0.66	0.63	5.25%	NA
Debt Service Coverage Ratio	0.18	0.21	-17.50%	NA
Return on Equity Ratio	0.01	0.05	-72.28%	Net Profits after taxes has decreased as compared to previous year.
Inventory Turnover Ratio	5.94	7.55	-21.27%	NA
Trade Receivables Turnover Ratio	2.64	3.15	-16.17%	NA
Trade Payables Turnover Ratio	7.87	6.86	14.73%	NA
Net Capital Turnover Ratio	2.72	3.41	-22.92%	NA
Net Profit Ratio	0.01	0.02	-66.27%	Net Profits after taxes has decreased as compared to previous year.
Return on capital employed	0.05	0.09	-38.46%	EBIT has decreased as compared to previous year.
Return on Investment	-	-	-	The company has no current investments.

Outlook

Looking ahead, the Company enters FY27 with a strengthened balance sheet and a materially lower interest burden, which provide a firmer base for profitable growth. While FY26 profitability was held back by a weak fourth quarter and an exceptional charge, the underlying operating

performance remained broadly stable, and demand conditions are expected to improve gradually as macroeconomic uncertainty eases. The Company intends to keep prioritising the manufacturing vertical, deepen value addition, and pursue selective capacity expansion, while maintaining cost discipline and prudent working-capital management. Supported by

resilient domestic demand, a favourable policy environment for the textile sector, and its integrated manufacturing and trading model, the Company remains cautiously optimistic about rebuilding profitability momentum over the medium term, even as it stays watchful of competitive pressure, input- cost volatility, and global demand risks.

Risks and Concerns

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Raw material and input costs: Prices of yarn, grey fabric, and allied inputs remain volatile, and sharp movements can compress margins across both the manufacturing and trading businesses.

Demand and market risk: Softer global demand, shifting fashion cycles, and geopolitical uncertainty can affect order volumes and realisations, as seen in the weaker final quarter of the year.

Credit and counterparty risk: Extending credit to customers in a competitive market carries the risk of delayed payments or defaults, which the Company manages through disciplined credit assessment.

Competition risk: Intense competition from domestic peers and low-cost producers abroad continues to pressure pricing and market share.

Logistics and supply-chain risk: Freight-cost volatility and supply-chain disruption can affect delivery timelines and operating efficiency.

Internal Control and Adequacy

The Company operates an internal control framework built to protect its assets and preserve the integrity of its financial and operational records. Controls are designed so that transactions are authorised, captured accurately, and reported reliably, and so that resources are deployed efficiently within the bounds of applicable law. Management is satisfied that these controls are adequate for the Companys size and that they function as intended.

The framework is calibrated to the scale and nature of the business, offering reasonable assurance on the protection of assets, the accuracy of records, and adherence to the Companys own policies and procedures.

The Audit Committee reviews the system together with management on a regular basis, and the improvements

they identify are acted upon to keep the framework current and effective.

Human Resource Development and Industrial Relations

People are central to how Trident Texofab creates value, and the Company works to provide an environment in which they can learn, grow, and do their best work. Investment in training, engagement, and skill development continues, keeping the team abreast of current methods and technology, while efforts to strengthen the Company as an employer help it attract and retain the talent its next phase of growth will require. Relations with employees stayed cordial and constructive across every level of the organisation during the year, and the Company intends to preserve

this collaborative culture. As of March 31, 2026, Trident Texofabs permanent workforce stood at 53 employees.

Cautionary Note

Some of the statements in this Management Discussion and Analysis are forward-looking in nature and therefore carry inherent risks and uncertainties. Actual outcomes could differ materially from those anticipated, depending on factors that include geopolitical developments, changes in government policy and taxation, raw-material price movements, and the wider economic environment in India and overseas. The Company assumes no obligation to update or revise these statements as new information emerges or events unfold, and readers should not place undue reliance on them.

Corporate Information

BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:

Name	Designation	Date of Appointment
Mr. Hardik Jigishkumar Desai (DIN: 01358227)	Chairman & Managing Director	05.09.2008
Mr. Chetan Chandrakant Jariwala (DIN: 02780455)	Whole Time Director	20.02.2013
Mr. Manish Dhirajlal Halwawala (DIN: 08958684)	Executive Director	11.11.2020
Mr. Sandip Jayeshkumar Katwala (DIN: 11008985)	Non-Executive Independent Director	20.03.2025
Mrs. Ankita Jignesh Saraiya (DIN: 08057276)	Non-Executive Independent Director	01.02.2018
Mr. Mishal Shailesh Patel (DIN: 10250091)	Non-Executive Independent Director	10.08.2023
Mr. Rahul Jariwala (PAN: BWGPJ6844N)	Company Secretary & Compliance Officer	02.01.2023
Mr. Jenish B Jariwala (PAN: AJYPPJ1968B)	Chief Financial Officer	15.02.2024

 

COMMITTEES AS ON BOARD REPORT DATE:
1. Audit Committee:	3. Stakeholders Relationship Committee:
Mrs. Ankita Jignesh Saraiya - Chairperson	Mrs. Ankita Jignesh Saraiya - Chairperson
Mr. Sandip Jayeshkumar Katwala - Member	Mr. Sandip Jayeshkumar Katwala - Member
Mr. Manish Halwawala - Member	Mr. Manish Halwawala - Member
Mr. Mishal Patel - Member	Mr. Mishal Patel - Member
2. Nomination and Remuneration Committee:	4. Management Committee:
Mrs. Ankita Jignesh Saraiya - Chairperson	Mr. Hardik J. Desai - Chairman
Mr. Sandip Jayeshkumar Katwala - Member	Mr. Chetan C. Jariwala - Member
Mr. Mishal Patel - Member	Mr. Manish Halwawala - Member
STATUTORY AUDITORS:	SECRETARIAL AUDITOR:
M/s. Shah Kailash & Associates LLP Chartered Accountants 505, 21st Century Business Center, Nr. World Trade Center, Ring Road, Surat-395 003 Fmail: skt@sktllp.com (Resigned on 10th August, 2026)	M/s. Amareliya & Associates Practicing Company Secretary 317, 03rd Floor, Times Shoppers, Nr. Amiras Hotel, Sarthana Jakatnaka, Surat-395006 Email: cs@amarelivaassociates.in

INTERNAL AUDITOR:

M/s. Prit Agrawal & Co.,

B-228, Shanti Commercial Centre,

Nagar Seth no Vado, Ghee Kanta,

Ahmedabad, 380001

E-mail: pritagrawalandco@gmail.com

COST AUDITOR:

M/s. PAAA & Associates B/29, Danev Ashish Society,

Nr. Dhanmora Chikuwadi Road,

Katargam, Surat - 395004 E-mail: cmaoffice2018@gmail.com

BANKER TO THE COMPANY:

Axis Bank Limited

1^st Floor, Digvijay Towers,

Opp. St. Xaviers school, Near Ram Chowk, Ghod Dod Road, Surat, Gujarat 395007

Yes Bank Limited

Ground Floor, Mangaldeep Complex,

Ring Road, near Mahavir Hospital, near RTO, Surat, Gujarat - 395001

REGISTERED OFFICE:

2004, 2^nd Floor, North Extension,

Falsawadi, Begumpura, Nodh-4/1650,

Sahara Darwaja, Surat-395003, Gujarat Tel.: +91-261-2451274/2451284 Email: info@tridenttexofab.com Website: www.tridenttexofab.com

FACTORY:

B-15/11, Hojiwala Industrial Estate Sachin Palsana Road,

Surat-394230, Gujarat

REGISTRAR & SHARE TRANSFER AGENT:

KFin Technologies Limited

(Formerly Known as KFin Technologies Private Limited)

Selenium Tower B, Plot Nos. 31 & 32 Financial District

Nanakramguda Serilingampally Mandal Hyderabad - 500032

Phone: 040 6716 1606/1776 Email: raghu.veedha@kffntech.com Website: www.kffntech.com

CORPORATE IDENTITY NUMBER:

L17120GJ2008PLC054976