Trident Ltd — Capital/Financing Update 2022

Jan 18, 2022

TRIDENT/CS/2022 January 18, 2022

The Manager	The Manager
Listing Department	Listing Department
National Stock Exchange of India Limited Exchange	BSE Limited
Plaza, Plot No. C/1, G Block Bandra Kurla Complex,	Phiroze Jeejeebhoy Towers
Bandra (E)	Dalal Street
Mumbai – 400 051	Mumbai – 400 001
Scrip Code:- TRIDENT	Scrip Code:- 521064

Dear Sir/ Madam

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to the Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that Trident Global Corp Limited ("TGCL"), the Unlisted Wholly-owned Subsidiary of the Trident Limited (the "Company"), has issued 2,81,850 9% Compulsorily Convertible Debentures ("CCDs") having Face Value of Rs. 600 each aggregating to Rs. 16,91,10,000/- to the Promoter & Promoter Group of the Company.

S.No.	Particulars	Details
1	Type of Securities issued	Unsecured and Unlisted Compulsorily ConvertibleDebentures of TGCL convertible into equityshares of TGCL having coupon rate of 9% perannum
2	Number and Amount of CCDs issued	Issue of 2,81,850 9% Compulsorily ConvertibleDebentures ("CCDs") of TGCL at Rs. 600 eachaggregating tob Rs. 16,91,10,000/- (RupeesSixteen Crores Ninety One Lakh Ten ThousandOnly)

The Details in respect of the above mentioned issue are as follows:-

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3	Timelines for Conversion into Equity Shares	CCDs of TGCL shall be compulsorily convertedinto equity shares of TGCL on earlier of thefollowing:i. One day before completion of Ten yearsfrom the date of allotment; orii. In connection with the IPO of TGCL, prior tothe filing of a prospectus (or equivalentdocument, by whatever name called) byTGCL with the Competent authority; oriii. Anytime during the tenure of the CCDs, atthe option of the CCD Holders, provided atleast 90 days' notice is given to TGCL byCCD Holders.
4	Number and Amount of Equity Shares allotted	Each Compulsorily Convertible Debenture ofTGCL shall be converted into One Equity Share ofTGCL having face value of Rs. 10/- [Rupees Tenonly] each having premium of Rs. 590/- [RupeesFive Hundred Ninety only] at the ConversionRatio of 1:1.The Shares of TGCL upon conversion shall be indematerialized form and fully paid.
5	Name of Investor	Mr Rajinder Gupta and Mr Abhishek Gupta(Promoter of the Company and his immediaterelative)
6	Utilization of proceeds of CCDs	Proceeds of the issue of CCDs shall be utilised inthe growth of TGCL in its e-commerce business,brand building in domestic and e-commercemarket space, to meet the working capitalrequirements and for general corporate purposesof TGCL.

Trident Global Corp Limited is the wholly owned subsidiary of the Company and shall continue to be the wholly owned subsidiary till the conversion of CCDs into equity shares of TGCL.

This is for your kind information & records please. Thanking you Yours faithfully

For Trident Limited (Ramandeep Kaur) RAMAND EEP KAUR Digitally signed by RAMANDEEP KAUR Date: 2022.01.18 16:13:02 +05'30'

Company Secretary ICSI Membership No.: F9160

18/01/2022 TL/2022/019596