Trident Ltd — Capital/Financing Update 2022

Nov 13, 2022

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TRIDENT/CS/2022 November 13, 2022

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: In�ma�on of Grant of Op�ons under Trident Limited Employee Stock Op�on Scheme – 2020 (‘ESOS’)

Dear Sir / Madam,

In accordance with the provisions of the Regula�on 30 of the Securi�es and Exchange Board of India (Lis�ng Obliga�ons and Disclosure Requirements) Regula�ons, 2015 (the “Lis�ng Regula�ons”), this is to inform that a mee�ng of the Nomina�on and Remunera�on Commi�ee (‘Commi�ee’) of Trident Limited (the “Company”) was held on November 12, 2022 for grant of 66,00,000 Employee Stock Op�ons (“Op�ons”) conver�ble into equal number of Equity Shares of the Company of face value of INR 1/- each, to the eligible Employees of the Company and its Group Companies under the Trident Limited Employee Stock Op�on Scheme – 2020 (“Scheme”).

The terms of the grant, inter-alia, are as under:

1. Brief details of Shares offered: Grant of 66,00,000 [Sixty Six Lakh] Equity Shares op�on to eligible employees of the Company and its Group Companies. Effec�ve grant date being November 12, 2022.

2. Whether the scheme is in terms of SEBI (SBEB) Regula�ons, 2014 (if applicable): Yes

3. Total number of shares covered under the offer: 66,00,000 [Sixty Six Lakh] Equity Shares having face value of INR 1/- each (Each Op�on is conver�ble into one Equity Share of the Company held by Trident Limited Employees Welfare Trust).

4. Pricing Formula: Under this Scheme, the exercise price of the Shares will be decided by the Commi�ee on the basis of market price. Accordingly, the exercise price was determined at INR 16.50 per Op�on.

5. Op�ons Vested: Not Applicable as this outcome is pertaining to grant of Op�ons under the Scheme.

6. Time within which op�on may be exercised: All Op�ons upon ves�ng shall be exercisable within 4 years from the date of respec�ve ves�ng.

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13/11/2022

TL/2022/027821

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1. Op�ons exercised: Not Applicable as this outcome is pertaining to grant of Op�ons under the Scheme.

2. Money realized by exercise of Op�ons: Not Applicable as this outcome is pertaining to grant of Op�ons under the Scheme.

3. The total number of Shares arising as a result of exercise of Op�on: 66,00,000 [Sixty Six Lakh] Equity Shares having face value of INR 1/- each (Each Op�on is conver�ble into one Equity Share of the Company held by Trident Limited Employees Welfare Trust).

4. Op�ons lapsed: Not Applicable as this outcome is pertaining to grant of Op�ons under the Scheme.

5. Varia�on in terms of Op�ons: Not Applicable

6. Brief details of significant terms: The Board of Directors and the Shareholders of the Company had approved a Scheme called as " Trident Limited Employee Stock Op�on Scheme – 2020" in their mee�ng held on May 16, 2020 and July 9, 2020 respec�vely. Pursuant to the Scheme, the Company had, cons�tuted Trident Limited Employees Welfare Trust ('Trust') to acquire, hold and allocate/transfer equity shares of the Company to eligible employees from �me to �me on the terms and condi�ons specified under the Scheme. The said trust had, during the financial year 2020-21, purchased, Company's equity shares aggregated to 100,000,000 equity shares from the secondary open market. All the equity shares to be vested to the eligible employees are held under the trust and the trust shall transfer shares to respec�ve employees upon exercise. Accordingly, there is no allotment / increase in share capital pursuant to this scheme. The Scheme is administered by the Nomina�on and Remunera�on Commi�ee. The grant of Op�ons is based upon the eligibility criteria as men�oned in the Scheme. The granted Op�ons, once vested shall en�tle the Op�on holder to acquire equal number of Equity Shares, upon payment of exercise price and applicable taxes in accordance with terms and condi�ons of the Scheme. The granted Op�ons shall vest within minimum period of 1 year and maximum period of 4 years from the date of grant. The ves�ng has staggered in 4 years i.e. 10% at the end of First Year, 20% at the end of Second Year, 30% at the end of Third Year and 40% at the end of Fourth Year. All Op�ons upon ves�ng shall be exercisable within 4 years from the date of respec�ve ves�ng. The Exercise Price of the Op�ons granted to an Eligible Employee shall be determined by the Nomina�on and Remunera�on Commi�ee subject to conforming to applicable accoun�ng policies. Provided, however, the Exercise Price shall in no event be less than the face value of the Shares. Accordingly, the exercise price was determined at INR 16.50 per Op�on.

7. Subsequent changes or cancella�on or exercise of such Op�ons: Not Applicable as this outcome is pertaining to grant of Op�ons under the Scheme.

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13/11/2022

TL/2022/027821

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1. Diluted earnings per share pursuant to the issue of equity shares on exercise of Op�ons: Not Applicable as this outcome is pertaining to grant of Op�ons under the Scheme.

Thanking you Yours faithfully For Trident Limited

HARI Digitally signed by HARI KRISHAN KRISHAN Date: 2022.11.13 15:03:46 +05'30' (Hari Krishan) Company Secretary

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13/11/2022

TL/2022/027821