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

Dear Sir/ Madam

Sub: Statement of Deviation(s) or Variation(s) under Regulation 32 read with Regulation 52(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with applicable SEBI Circulars

Ref: Scrip Code 722189, Scrip ID - TL301221 & ISIN Number INE064C14090

We hereby confirm that the proceeds received from the Issue & allotment of Commercial Paper of INR 50,00,00,000/- (Rupees Fifty Crores Only) has been fully utilized for the purpose(s) mentioned in the Disclosure Document. There is no deviation or variation in utilization of the proceeds of issue.

Further, pursuant to Regulation 32 read with Regulation 52(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with applicable SEBI Circulars, the Statement of Deviation(s) or Variation(s) in prescribed format for the Quarter and Nine Months ended December 31, 2021, duly reviewed and approved by the Audit Committee in its meeting held on January 18, 2022 is enclosed herewith.

This is for your information & records please.

Thanking you, Yours faithfully For Trident Limited (Ramandeep Kaur) Company Secretary ICSI Membership No.: F9160 RAMAND EEP KAUR Digitally signed by RAMANDEEP KAUR Date: 2022.01.18 16:02:39 +05'30'

Encl: As above

18/01/2022 TL/2022/019590

Statement of Deviation or Variation

Name of listed entity	Trident Limited
Mode of Fund Raising	Public Issues / Rights Issues/ Private Placement/ QIP / Others
Type of instrument	Commercial Paper
Date of Raising Funds	December 30, 2021
Amount Raised (INR Crores)	Rs 50 Crores
Report filed for Quarter ended	December 31, 2021
Is there a Deviation / Variation in use of fundsraised	No
Whether any approval is required to vary theobjects of the issue stated in the prospectus/offer document? (Yes / No )	No
If yes, details of the Approval so required?	Not Applicable
Date of Approval	Not Applicable
If yes, whether the same is pursuant tochange in terms of a contract or objects,which was approved by the shareholders	Not Applicable
If yes, Date of shareholder Approval	Not Applicable
Explanation for the Deviation / Variation	Not Applicable
Comments of the Audit Committee afterreview	Not Applicable
Comments of the auditors, if any	Not Applicable
Objects for which funds have been raised andwhere there has been a deviation, in thefollowing table	There has been no deviation/ variation in the utilization of funds raised

18/01/2022 TL/2022/019590

E-212, Kitchlu Nagar
Ludhiana - 141001
Punjab, India

Original Object	ModifiedObject, ifany	OriginalAllocation	Modifiedallocation, ifany	FundsUtilized	Amount ofDeviation/Variation forthe quarteraccording toapplicableobject (INRCrores and in%)	Remarks, ifany
The Funds shall beutilized for workingcapital requirements	NIL	Rs 50 Crores	NIL	Rs 50Crores	NotApplicable	NIL

Deviation or Variation could mean:

(a) Deviation in the objects or purposes for which the funds have been raised or

(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc

Thanking you, Yours faithfully For Trident Limited (Ramandeep Kaur) Company Secretary ICSI Membership No.: F9160 RAMAND EEP KAUR Digitally signed by RAMANDEEP KAUR Date: 2022.01.18 16:02:58 +05'30'

18/01/2022 TL/2022/019590