Trident Ltd — Capital/Financing Update 2025

Jan 23, 2025

TRIDENT/CS/2025 January 23, 2025

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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.: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 [“SEBI (LODR) Regulations”]

Dear Sir/Madam,

This is in continuation of our letter dated December 14, 2024 regarding disclosure under Regulation 30 and other applicable provisions of the SEBI LODR Regulations, we hereby inform and update that Trident Group Enterprises Pte. Ltd., (Singapore), the overseas wholly-owned Subsidiary of Trident Limited (‘Company’) has entered into & executed Definitive Agreement(s) on January 23, 2025 in respect to the following:

1. Acquisition of entire shareholding in Trident Global Inc. (USA), the overseas subsidiary of the Company from Trident Limited and other entities.

2. Acquisition of entire shareholding in Trident Europe Limited (UK), the overseas Wholly-Owned Subsidiary of the Company from Trident Limited.

Subsequent to abovesaid acquisitions, Trident Global Inc., USA and Trident Europe Limited, UK have become wholly-owned subsidiaries of Trident Group Enterprises Pte. Ltd. and step-down wholly owned subsidiaries of Trident Limited. These subsidiaries do not fall in the definition of “Material Subsidiary” within the meaning of Regulation 16(1)(c) of SEBI LODR Regulations.

In terms of Regulation 30, read with, Para A of Part A of Schedule III of the SEBI LODR Regulations and SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023, the updated details are enclosed herewith in the prescribed formats as Annexure 1.

The date and time of occurrence of events is January 23, 2025 at 19:49 hours IST.

This is for your information & records please.

For Trident Limited

SUSHIL Digitally signed by SUSHIL SHARMA (Sushil Sharma) SHARMA Date: 2025.01.23 21:05:43 +05'30'

Company Secretary

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 corp@tridentindia.com.

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23/01/2025

TL/2025/056698

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Annexure-1 Details in terms of Regulation 30, read with, Para A of Part A of Schedule III of the LODR Regulations and SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023

Particulars	Trident Global Inc. (USA)
The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last fnancial year	Share in proft or loss as % of consolidated proft or loss: INR 26.8 million / 0.8% Net Assets i.e. total assets minus total liabilities as % of consolidated net assets : INR 85.4 million / 0.2%
Date on which the agreement for sale has been entered into	January 23, 2025
The expected date of completion of sale/ disposal	January 23, 2025
Consideration received from such sale/ disposal	24,500 ordinary equity shares at total consideration of USD 6,52,190.
Brief details of buyers and whether the buyers belong to the promoter/ promoter group Whether the transaction would fall within related party transaction Whether the same is done at “arm’s length”	The acquirer does not belong to the Promoter /Promoter Group. Trident Group Enterprises Pte. Ltd., Singapore, acquirer is the wholly owned subsidiary of the Company, the transaction fall within related party transaction. The transaction is made at fair value on arm’s length basis.
Whether the sale/ disposal is outside the scheme of arrangement? If yes, details of the same including compliance with Regulation 37A of LODR regulations.	Not applicable
Additionally, in case of slump sale, indicative disclosures provided for amalgamation/ merger, shall be disclosed by the listed entity with respect to such slump sale.

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 corp@tridentindia.com.

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23/01/2025

TL/2025/056698

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Annexure-1 (contd.)

	Annexure-1 (contd.
Particulars	Trident Europe Limited (UK)
The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last fnancial year	Share in proft or loss as % of consolidated proft or loss : INR 30.7 million / 0.9% Net Assets i.e. total assets minus total liabilities as % of consolidated net assets : INR 34.6 million / 0.1%
Date on which the agreement for sale has been entered into	January 23, 2025
The expected date of completion of sale/ disposal	January 23, 2025
Consideration received from such sale/ disposal	2,13,000 ordinary equity shares at the total consideration of GBP 3,45,060.
Brief details of buyers and whether the buyers belong to the promoter/ promoter group Whether the transaction would fall within related party transaction Whether the same is done at “arm’s length”	The acquirer does not belong to the Promoter / Promoter Group. Trident Group Enterprises Pte. Ltd., Singapore, acquirer is the wholly owned subsidiary of the Company, the transaction fall within related party transaction. The transaction is made at fair value on arm’s length basis.
Whether the sale/ disposal is outside the scheme of arrangement? If yes, details of the same including compliance with Regulation 37A of LODR regulations.	Not applicable
Additionally, in case of slump sale, indicative disclosures provided for amalgamation/ merger, shall be disclosed by the listed entity with respect to such slump sale.

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 corp@tridentindia.com.

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23/01/2025

TL/2025/056698