AI assistant
Trident Ltd — Capital/Financing Update 2025
Aug 29, 2025
59305_rns_2025-08-29_aaaa3e92-2515-42b8-802a-e2202021d02e.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
TRIDENT/CS/2025 August 29, 2025
==> picture [524 x 113] intentionally omitted <==
National 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
Sub: Update on Credit Rating of Trident Limited
Dear Sir/Madam
This is in continuation to our letter dated August 25, 2025 regarding Credit Rating(s) of Trident Limited reaffirmed by CRISIL Ratings Limited (“CRISIL”), we hereby inform you that CRISIL has issued a Credit Bulletin to update the bank-wise facility details in line with RBI requirement.
A copy of the Credit Bulletin issued by CRISIL Ratings Limited is enclosed herewith.
The rating can be accessed on the website of the CRISIL at Rating Rationale. The same is also available on the website of the Company at www.tridentndia.com under the category: Investor Relations → Financial Reports → Credit Ratings.
Thanking you Yours faithfully, For Trident Limited SUSHIL Digitally signed by SUSHIL SHARMA SHARMA Date: 2025.08.29 11:59:24 +05'30'
(Sushil Sharma)
Company Secretary ICSI Membership No. F6535
Encl: as above
Disclaimer :- The details of the authorised signatories are uploaded on the official website of the Company. You may authenticate the authority of the signatory before relying upon the contents of this communication by visiting https://www.tridentindia.com/authority-matrix/ or may write to us on [email protected].
==> picture [525 x 49] intentionally omitted <==
29/08/2025
TL/2025/064175
==> picture [534 x 74] intentionally omitted <==
Credit Bulletin
August 28, 2025 | Mumbai
Update on Trident Limited
Note: None of the Directors on Crisil Ratings Limited’s Board are members of rating committee and thus do not participate in discussion or assignment of any ratings. The Board of Directors also does not discuss any ratings at its meetings.
This Credit Bulletin is published solely to update the bank-wise facility details in line with RBI requirement. For other sections please refer to the previous Rating Rationale August 25, 2025.
Click here to access the previous Rating Rationale.
Annexure - Details of Bank Lenders & Facilities
| Facility | Amount (Rs.Crore) | Name of Lender | Rating |
|---|---|---|---|
| Cash Credit | 90 | ICICI Bank Limited | Crisil AA/Stable |
| Cash Credit | 400 | Punjab National Bank | Crisil AA/Stable |
| Cash Credit | 150 | State Bank of India | Crisil AA/Stable |
| Electronic Vendor financing scheme |
350 | State Bank of India | Crisil A1+ |
| Long Term Loan | 149 | Union Bank Of India Limited |
Crisil AA/Stable |
| Long Term Loan | 166 | State Bank of India | Crisil AA/Stable |
| Long Term Loan | 23 | Bank of Baroda | Crisil AA/Stable |
| Long Term Loan | 154 | Indian Bank | Crisil AA/Stable |
| Long Term Loan | 117 | HDFC Bank Limited | Crisil AA/Stable |
| Long Term Loan | 60 | ICICI Bank Limited | Crisil AA/Stable |
| Long Term Loan | 60 | IndusInd Bank Limited | Crisil AA/Stable |
| Long Term Loan | 343 | Punjab National Bank | Crisil AA/Stable |
| Non-Fund Based Limit | 12.5 | ICICI Bank Limited | Crisil A1+ |
| Non-Fund Based Limit | 67.5 | Punjab National Bank | Crisil A1+ |
| Proposed Fund-Based Bank Limits |
813 | Not Applicable | Crisil AA/Stable |
| Short Term Loan | 150 | Axis Bank Limited | Crisil A1+ |
| Short Term Loan | 200 | Bank of Baroda | Crisil A1+ |
| Short Term Loan | 200 | Exim Bank | Crisil A1+ |
| Short Term Loan | 300 | HDFC Bank Limited | Crisil A1+ |
| Short Term Loan | 195 | ICICI Bank Limited | Crisil A1+ |
Criteria Details
Links to related criteria
Basics of Ratings (including default recognition, assessing information adequacy) Criteria for consolidation Criteria for manufacturing, trading and corporate services sector (including approach for financial ratios)
| Media Relations | Analytical Contacts | Customer Service Helpdesk |
|---|---|---|
| Ramkumar Uppara Media Relations Crisil Limited M: +91 98201 77907 B: +91 22 6137 3000 [email protected] |
Manish Kumar Gupta Senior Director Crisil Ratings Limited B:+91 22 6137 3000 [email protected] |
Timings: 10.00 am to 7.00 pm Toll free Number:1800 267 3850 For a copy of Rationales / Rating Reports: [email protected] |
Kartik Behl Gautam Shahi For Analytical queries: Media Relations Director [email protected] Crisil Limited Crisil Ratings Limited M: +91 90043 33899 B:+91 124 672 2000 B: +91 22 6137 3000 [email protected] [email protected]
Divya Pillai Media Relations Crisil Limited M: +91 86573 53090 B: +91 22 6137 3000 [email protected]
Maninder Singh Rating Analyst Crisil Ratings Limited B:+91 124 672 2000 [email protected]
Note for Media:
This rating rationale is transmitted to you for the sole purpose of dissemination through your newspaper/magazine/agency. The rating rationale may be used by you in full or in part without changing the meaning or context thereof but with due credit to Crisil Ratings. However, Crisil Ratings alone has the sole right of distribution (whether directly or indirectly) of its rationales for consideration or otherwise through any media including websites and portals.
About Crisil Ratings Limited (A subsidiary of Crisil Limited, an S&P Global Company)
Crisil Ratings pioneered the concept of credit rating in India in 1987. With a tradition of independence, analytical rigour and innovation, we set the standards in the credit rating business. We rate the entire range of debt instruments, such as bank loans, certificates of deposit, commercial paper, non-convertible/convertible/partially convertible bonds and debentures, perpetual bonds, bank hybrid capital instruments, asset-backed and mortgage-backed securities, partial guarantees and other structured debt instruments. We have rated over 33,000 large and mid-scale corporates and financial institutions. We have also instituted several innovations in India in the rating business, including ratings for municipal bonds, partially guaranteed instruments and infrastructure investment trusts (InvITs).
Crisil Ratings Limited ('Crisil Ratings') is a wholly-owned subsidiary of Crisil Limited ('Crisil'). Crisil Ratings Limited is registered in India as a credit rating agency with the Securities and Exchange Board of India ("SEBI").
For more information, visit www.crisilratings.com
About Crisil Limited
Crisil is a leading, agile and innovative global analytics company driven by its mission of making markets function better.
It is India’s foremost provider of ratings, data, research, analytics and solutions with a strong track record of growth, culture of innovation, and global footprint.
It has delivered independent opinions, actionable insights, and efficient solutions to over 100,000 customers through businesses that operate from India, the US, the UK, Argentina, Poland, China, Hong Kong and Singapore.
It is majority owned by S&P Global Inc, a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide.
For more information, visit www.crisil.com
Connect with us: TWITTER | LINKEDIN | YOUTUBE | FACEBOOK
CRISIL PRIVACY NOTICE
Crisil respects your privacy. We may use your contact information, such as your name, address and email id to fulfil your request and service your account and to provide you with additional information from Crisil. For further information on Crisil's privacy policy please visit www.crisil.com.
DISCLAIMER
This disclaimer is part of and applies to each credit rating report and/or credit rating rationale ('report') provided by Crisil Ratings Limited ('Crisil Ratings'). For the avoidance of doubt, the term 'report' includes the information, ratings and other content forming part of the report. The report is intended for use only within the jurisdiction of India. This report does not constitute an offer of services. Without limiting the generality of the foregoing, nothing in the report is to be construed as Crisil Ratings provision or intention to provide any services in jurisdictions where Crisil Ratings does not have the necessary licenses and/or registration to carry out its business activities. Access or use of this report does not create a client relationship between Crisil Ratings and the user.
The report is a statement of opinion as on the date it is expressed, and it is not intended to and does not constitute investment advice within meaning of any laws or regulations (including US laws and regulations). The report is not an offer to sell or an offer to purchase or subscribe to any investment in any securities, instruments, facilities or solicitation of any kind to enter into any deal or transaction with the entity to which the report pertains. The recipients of the report should rely on their own judgment and take their own professional advice before acting on the report in any way.
Crisil Ratings and its associates do not act as a fiduciary. The report is based on the information believed to be reliable as of the date it is published, Crisil Ratings does not perform an audit or undertake due diligence or independent verification of any information it receives and/or relies on for preparation of the report. THE REPORT IS PROVIDED ON “AS IS” BASIS. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAWS, CRISIL RATINGS DISCLAIMS WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR OTHER WARRANTIES OR CONDITIONS, INCLUDING WARRANTIES OF MERCHANTABILITY, ACCURACY, COMPLETENESS, ERROR-FREE, NON-INFRINGEMENT, NON-INTERRUPTION, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE OR INTENDED USAGE. In no event shall Crisil Ratings, its associates, third-party
providers, as well as their directors, officers, shareholders, employees or agents be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of any part of the report even if advised of the possibility of such damages.
The report is confidential information of Crisil Ratings and Crisil Ratings reserves all rights, titles and interest in the rating report. The report shall not be altered, disseminated, distributed, redistributed, licensed, sub-licensed, sold, assigned or published any content thereof or offer access to any third party without prior written consent of Crisil Ratings.
Crisil Ratings or its associates may have other commercial transactions with the entity to which the report pertains or its associates. Ratings are subject to revision or withdrawal at any time by Crisil Ratings. Crisil Ratings may receive compensation for its ratings and certain credit-related analyses, normally from issuers or underwriters of the instruments, facilities, securities or from obligors.
Crisil Ratings has in place a ratings code of conduct and policies for managing conflict of interest. For more detail, please refer to: https://www.crisil.com/en/home/our-businesses/ratings/regulatory-disclosures/highlighted-policies.html. Public ratings and analysis by Crisil Ratings, as are required to be disclosed under the Securities and Exchange Board of India regulations (and other applicable regulations, if any), are made available on its websites, www.crisilratings.com and https://www.ratingsanalytica.com (free of charge). Crisil Ratings shall not have the obligation to update the information in the Crisil Ratings report following its publication although Crisil Ratings may disseminate its opinion and/or analysis. Reports with more detail and additional information may be available for subscription at a fee. Rating criteria by Crisil Ratings are available on the Crisil Ratings website, www.crisilratings.com. For the latest rating information on any company rated by Crisil Ratings, you may contact the Crisil Ratings desk at [email protected], or at (0091) 1800 267 3850.
Crisil Ratings shall have no liability, whatsoever, with respect to any copies, modifications, derivative works, compilations or extractions of any part of this [report/ work products], by any person, including by use of any generative artificial intelligence or other artificial intelligence and machine learning models, algorithms, software, or other tools. Crisil Ratings takes no responsibility for such unauthorized copies, modifications, derivative works, compilations or extractions of its [report/ work products] and shall not be held liable for any errors, omissions of inaccuracies in such copies, modifications, derivative works, compilations or extractions. Such acts will also be in breach of Crisil Ratings’ intellectual property rights or contrary to the laws of India and Crisil Ratings shall have the right to take appropriate actions, including legal actions against any such breach.
Crisil Ratings uses the prefix 'PP-MLD' for the ratings of principal-protected market-linked debentures (PPMLD) with effect from November 1, 2011, to comply with the SEBI circular, "Guidelines for Issue and Listing of Structured Products/Market Linked Debentures". The revision in rating symbols for PPMLDs should not be construed as a change in the rating of the subject instrument. For details on Crisil Ratings' use of 'PP-MLD' please refer to the notes to Rating scale for Debt Instruments and Structured Finance Instruments at the following link: htps://www.crisilratngs.com/en/home/our-business/ratngs/credit-ratngsscale.html