Trident Ltd — Capital/Financing Update 2022

Oct 31, 2022

TRIDENT/CS/2022 October 31, 2022

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Na�onal Stock Exchange of India Limited

Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: TRIDENT

BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Scrip Code: 521064 | NCD: 960173

Sub: Redemp�on of 1,250 Senior, Secured, Rated, Listed, Redeemable, Non-Conver�ble Debentures having face value of INR 7,50,000/- only each

Dear Sir / Madam,

In terms of the Regula�on 30, 49, 51 and other applicable provisions of SEBI (Lis�ng Obliga�ons and Disclosure Requirements) Regula�ons, 2015, we would like to inform you that Financial Management Commi�ee (‘FMC’) of the Company in its mee�ng held today i.e. October 31, 2022 has considered the request of Standard Chartered Bank, Debenture holder of the Company to either reset the interest rate type from Fixed to Floa�ng and to increase the effec�ve rate of interest on the NCD w.e.f. November 3, 2022 or to approve the put op�on as per the terms of NCDs.

Accordingly, the FMC has approved the put op�on exercised by the Debenture holder. The Repayment & Redemp�on of en�re principal amount of 1,250 Senior, Secured, Rated, Listed, Redeemable, NonConver�ble Debentures having face value of INR 7,50,000/- only each aggrega�ng to INR 937.5 Million alongwith Interest due thereon shall be made by the Company on the due date i.e. November 3, 2022.

The details as required under the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are given in Annexure I .

This is for your informa�on & records please.

Thanking you, Yours faithfully, For Trident Limited

HARI Digitally signed by HARI KRISHAN KRISHAN Date: 2022.10.31 19:32:37 +05'30'

(Hari Krishan) Company Secretary

Encl: as above

CC:

Standard Chartered Bank, Debenture holder IDBI Trusteeship Services Ltd, Debenture Trustee

Na�onal Securi�es Depository Ltd / Central Depository Services Ltd / Kfin Technologies Ltd

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31/10/2022

TL/2022/027495

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Annexure I

		Annexure I
S No	Par�culars	Details
1.	Symbol	TRIDENT
2.	ISIN / Scrip Code	INE064C07011 / 960173
3.	Total number of securi�es and the total amount of securi�es for Repayment / Redemp�on	1,250 Senior, Secured, Rated, Listed, Redeemable, Non-Conver�ble Debentures of the face value of INR 7,50,000/- only each aggrega�ng to INR 937.5 Million
4.	Details of any le�er or comments regarding payment of interest, principal on due dates, or any other ma�er concerning the security and / or the assets along with its comments thereon, if any	Exercise of Put op�on by the Debenture holder i.e. Standard Chartered bank and approval of the same by the Financial Management Commi�ee on October 31, 2022.
5.	Pre – agreed Date for Repayment / Redemp�on	November 3, 2022 is the due date for Interest as well as Repayment / Redemp�on.
6.	Details of redemp�on of debentures	Redemp�on of en�re 1250 NCDs having Face value of INR 7,50,000/-

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31/10/2022

TL/2022/027496