Trident Ltd — Interim / Quarterly Report 2022

Jan 19, 2022

==> picture [524 x 113] intentionally omitted <==

TRIDENT/CS/���� Ja�ua�� ��, ����

The Ma�age� Lis��g Depa�t�e�t Na�o�al Sto�k E��ha�ge of I�dia Li�ited E��ha�ge Plaza, Plot No. C/�, G Blo�k Ba�d�a Ku�la Co�ple�, Ba�d�a �E� Mu��ai – ��� ��� S��ip Code:- TRIDENT

The Ma�age� Lis��g Depa�t�e�t BSE Li�ited Phi�oze Jeejee�ho� To�e�s Dalal St�eet Mu��ai – ��� ��� S��ip Code:- ������

Dea� Si�/ Mada�

Su�: U�audited Fi�a��ial Results �Sta�dalo�e & Co�solidated� of the Co�pa�y for the Quarter a�d Ni�e Mo�ths e�ded o� De�e��er ��, ����

I� �o���ua�o� to le�e� �o. TRIDENT/CS/���� dated Ja�ua�� ��, ���� a�d pu�sua�t to Regula�o� ��, Regula�o� ��, Regula�o� �� a�d othe� appli�a�le p�o�isio�s of the SEBI �Lis��g O�liga�o�s a�d Dis�losu�e Re�ui�e�e�ts� Regula�o�s, ����, �e a�e e��losi�g he�e�ith Sta�dalo�e a�d Co�solidated U�audited Fi�a��ial Results fo� the Qua�te� & Ni�e Mo�ths e�ded o� De�e��e� ��, ����, as app�o�ed �� the Boa�d i� its �ee��g held o� Ja�ua�� ��, ���� �f�o� �:�� PM to �:�� PM�, alo�g�ith Li�ited Re�ie� Repo�t the�eo� issued �� M/s S.R. Batli�oi & Co. LLP, Statuto�� Audito�s of the Co�pa��.

This is fo� �ou� i�fo��a�o� & �e�o�ds please. Tha�ki�g �ou, You�s faithfull� Fo� Tride�t Li�ited

RAMAND Digitally signed by RAMANDEEP KAUR EEP KAUR Date: 2022.01.18 15:28:16 +05'30' �Ra�a�deep Kaur� Co�pa�y Se�retary ICSI Me��e�ship No.: F����

E��l: As a�o�e

==> picture [524 x 68] intentionally omitted <==

18/01/2022

TL/2022/019664

Ct1Jrterei..i Accuuniants

1Bo1&Co. LL

4:· floor Office �105 \/Vorlti Mar�, 2 1\sse1 i'-Jo 6 JCI Uistru:t /\erocity ind1a

Independent Auditor's Review Report on the Quarterly and Vear to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

==> picture [5 x 11] intentionally omitted <==

Review Report to The Board of Directors

Trident Limited

• I. \Ve ha\e re\ iewed the accompanying statement of unaudited standalone financial results of Trident Limited including Trident Employee welfare Trust (the "Company") for the quaner ended December 31, 2021 and year to date from Apri I 0 I. 2021 to December 3 L 2021 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015. as amended (the "Listing Regulations").

• !his Statement. 11hich is the responsibilit: of the Company\ Management and approved by the Company's Hoard of Directms. has been prepared in accordance 11ith the recognition and measurement principles laid down in Indian Accounting Standard 34. (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the ( 'ompanies !\ct. 2013 as amended. read with relevant rules issued thereunder and other accounting principles genemll: accepted in India. Our rcspl1 nsibilit;. is lo express a conclusion on the Statement based on our review.

==> picture [8 x 8] intentionally omitted <==

1. We cnnducted our re\ ie\I of the Statement in accordance '' ith the Standard on Review Engagements (SRE) 2410, "Re' ie\I of Interim Financial lnfo1mation Performed by the Independent Auditor of' the Entity" issued by the Institute of Chartered Accountants of'lndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free or material misstatement. A review of interim financial information consists of making inquiries. primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that \IC would become aware of all significant matters that might be identified in an audit. Accordingly, we do not c.xpress an audit opinion.

2. llw,ed lll1 our re\ iew conducted as above and based on the consideration of the review report of other auditor of the Trident Limited Employee Welfare Trust referred to in paragraph 6 below, nothing has come to our attention that causes us to belie' e that the accompanying Statement. prepared in accordance with the recognition and 111casure111ent principles laid do11n in the aforesaid Indian Accounting Standards ('Ind AS[.] ) specified under Section 133 of the Companies Act. 2013 as amended. read with relevant rules issued thereunder and other accounting principles generally accepted in India. has not disclosed the information required to be disclosed in terms of the Listing Regulations. including the manner in which it is to be disclosed. or that it contains any material misstatement.

==> picture [8 x 8] intentionally omitted <==

==> picture [5 x 9] intentionally omitted <==

1. We dra\ attention ll1 Note 11 to the standalone financial results. which describes the uncertainties and the impact l>f Cm id-19 pandemic on the Com pan) 's operations and results as assessed by the management. Our conclusion is not modi lied in respect of this matter.

2. f'he ac<.:ll111panying statement of unaudited standalone financial results include the financial results of Trident l.i111ited Lmplo) ee Wei fore Trust 11hl1se financial results and other financial information reflect total assets of Rs. 685.7 111illion as at lkcemher .11. 2021 and total re\enues or Rs. 134.0 million und Rs. 170.I million. total net prolit atkr tax of Rs. 107.2 million and Rs. 130.3 million and total comprehensi\e income of' Rs. 107.2111illion and Rs. 130.3 rnilliun for the quarter ended December 31. 2021 and li.ir year lo date from April 01. 2021 to December 31. 2021 respectively and net cash inllo11s of Rs 0.8 million for the period from April 01. 2021 to December 31, 2021. as considered in the Statement which has been reviewed by the auditor of Trident Limited Employee Wei fare Trust.

==> picture [5 x 8] intentionally omitted <==

1801 Co. LL

Ct1artered Accountants

The repo11 of such auditor on financial results and other financial information of Trident Limited Employee Wi.:I fare Trust ha1 e been l'urnishcd to us, and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of Trident Limited Employee Welfare Trust is based solely on the report of such auditor. Our conclusion on the Statement is not modified in respect of the above matter.

==> picture [5 x 9] intentionally omitted <==

For S.R. Batliboi & Co. LLP ('bartered Accountants ICAI Firm registration number: 30 I 003E/E300005

D1g1taHy SJgned by ANIL GUPTA ANIL ON, cn=ANIL GUPTA, c=!N o=Personal emall:anil gupta@srb w GUPTA Date 2022 01 18 15 01 23 �os·10

per A nil Gupta Partner :\li:mbaship :'\l1.: 87921

l D[I] N 22087921 A.l\AAAD430 I

Place: \;e11 Delhi Date: .lanuar} 18. 2022

==> picture [5 x 9] intentionally omitted <==

==> picture [5 x 9] intentionally omitted <==

S. mot & Co. LL

Ct1artereci Accou11tants

41•· Floor. Office 405 World Mark 2. Asset No 8 IGI Airport Hosp1tal1ty D1str1ct. Aeroc1ty New Dell11 - i 10 03 7 India Tei +91 ·11 4681 9500

Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended

Review Report to The Board of Directors

Trident Limited

• I. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Trident Limited including Trident Limited Employee Wei fare Trust (the .. Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and its associate for the quarter ended December 3 I. 2021 and year to date rrom April 01. 2021 to December 31, 2021 (the "'Statement") attached herewith. being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended (the ''Listing Regulations").

==> picture [5 x 11] intentionally omitted <==

• This Statement. which is the responsibility orthe Holding Company's Management and approved by the Holding Cornpan) ·s Board of Directors. has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34. (Ind AS 34) "Interim Financial Reporting'' prescribed under Section 133 of the Companies Act. 20 I 3 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our re\ ie11.

• We conducted our rc1 ie\1 or the Statement in accordance with the Standard on Review Engagements (SRE) 2410 . .. Review or Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Cha11ercd Accountants of India. This standard requires that we plan and perform the review to Pbtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim llnancial intixmation consists of making im1uirics. primarily of persons responsible for financial and accounting matters. and applying analytical and other rcvic\ procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that \le 11lluld become aware of all significant matters that might be identified in an audit. Accordingly. we do not express an audit opinion.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMD 114412019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33( 8) of the Listing Regulations, tu the extent applicable.

==> picture [5 x 11] intentionally omitted <==

1. The Statement includes the results of the following entities:

S.No.	Name of Subsidiaries/Associates	Relationship
I.	Trident OlobalCorp Limited	Subsidiarv
2.	TridentEuropeLimited	Subsidiary
3.	Trident Global Inc. USA(writtenot1)	Associate

1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement. prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards(" Ind AS') specified under Section 133 of the Companies Act. 2013. as amended. read with relevant rules issued thereunder and other accounting principles generally accepted in India. has not disclosed the information required to be disclosed in terms of the Listing Regulations. including the manner in which it is to be disclosed, or that it contains any material m isstatcment.

==> picture [5 x 9] intentionally omitted <==

==> picture [12 x 16] intentionally omitted <==

ruso1 & Co. LL

Cllartered Accountants

1. \Ve dra\I attention to Note 11 lo the consolidated linancial results. which describes the uncertainties and the impact ol' C \\ id-19 pandemic on the Ciroup·s operations and results as assessed by the management. Our r clusion is not modi tied in respect of this matter.

2. !he accompanying statement of unaudited consolidated financial results includes the financial results ofTrident Limited Employee Welfare Trust whose financial results and other financial information reflect total assets of Rs. 685.7 million as at December 31. 2021 and total revenues of Rs. 134.0 million and Rs. 170.1 million, total net profit atler tax or Rs. 107.2 million and Rs. 130.3 million and total comprehensive income of Rs. 107.2 mi Ilion and Rs. 130.3 million for the quarter ended December 31, 2021 and for the period from April 01, 2021 t() December 3 I, 202 l respectively and and net cash inflows of Rs 0.8 million for the period from April 0 I, 2021 to December 3[I] , 2021. as considered in the Statement which has been reviewed by the auditor of Trident Limited Lrnplo: cc \Vcl fare Trust. The accompanying Statement also includes the unaudited interim financial results and tither unaudited linancial info nnation. in respect of 2 subsidiaries, whose unaudited interim financial results rctlect Uroup's share of total assets of Rs. 580.4 million as at December 31. 2021. Group's share of total revenues of Rs. 797.0 million and Rs. 2.326.5 million and, Group's share of total net profit after tax of Rs. 22.8 million and Rs. 113.5 million. Uroup·s share of total comprehensive income of Rs. 22.8 million and Rs.113.5 million, for the quarter ended December 3[I] . 2021 and the period ended on that date respectively, and net cash inflows of Rs.[I ] 0.4 mi Ilion for the period from Apri I 0[I] , 2021 to December 31. 2021, as considered in the Statement which have been reviewed by their respective independent auditors. The Statement also include Group's share of net profit of Rs. Nil and Rs. Nil and Group's share of total comprehensive income of Rs. Nil and Rs. Nil for the quarter ended December 31. 202 l and for the period from April 0 I. 2021 to December 31, 2021 respectively, as r sidercd in the Statement. in respect or[I ] asso ciate. whose interim financial results have been reviewed by its independent auditors. The independent auditor's reports on interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect tifTrident Limited Employee Wei fare Trust. subsidiaries and associate is based solely tlll the report ()f such auditors and procedures performed b: us as stated in paragraph 3 above.

==> picture [5 x 9] intentionally omitted <==

Our conclusion on the Statement in respect of matters slated in para 7 is not modified with respect to our reliance lln the wmk done and the reports tir the other auditors.

For S.R. Batliboi & Co. L L P

Chartered Accountants

ICAI Firm registration number: 301003E/E300005

Digitally signed by ANIL GUPTA AN IL ON. cn=AN1l GUPTA. c=IN o=Personal, email"'-arnl gupta@srn 1r GU PTA Dale 2022 01 18 15 00 10 .. 05·30

per A nil Cupta Partner "kmbership No.: 87921

==> picture [5 x 10] intentionally omitted <==

UDIN: 22087921 AAAAAE4834

Place: New Delhi Date: January 18. 2022

==> picture [5 x 8] intentionally omitted <==

==> picture [5 x 9] intentionally omitted <==

STATEMENT OF UNAUOITED FINANCIAL RESULTS FOR THE QUARTER ANO NINE MONTHS ENDED DECEMBER 31, 2021

�			Comolldated
		rtl	Qurer Endod		YurEnded PeriodEndod YerEnded
			O.mber 31 2021 Sptembor 3 ZOZl	Dtumber 31 2020	Of.br 31 2021 Dcumbor 31 2020 Mardi 31 2021 Ombr ~~Sp~~am~~h~~r Sl 2021 J 2021 OC.mMr 31 2020 Omber !1 2021 D«embor 3t2020 Marc 31 2021
			3M~~o~~nth~~i~~ 3Months	3Months	9Montht 9Months 12Months 3 Months 3Month 3Months 9Months 9Monthi UMonths
			UMudltad Unaudited	Unaudited	Unaudited Unaudited Unaudlt&d Unauditd Unoulted Unaudlte< Audftad
	R	evtnUf fromop-r.1or1	19,576 61 34.6 lb b2� , 1010	!2)199 3	�o no4 lf4 1 l1693 0 1339 1�.191 9 1602 19,SOI J6' Hi,9159 1011 130315 509 51,2781 1662 31,856? 1387 15,3062 160.B
	~~i ~~T	ot1l l1'omt(1. 2)	19,611.2 16,726.7	12,949.3	S0,884.S U,826.9 45,353.1 19,436.S 17,017.0 13,02.4 Sl,444.3 31,995.4 45,467.0
' '	I ~~'~~ . b cJ w !d 'e	(o�t o!ti materials ton�1Jmed l P1Jrch.ne ofstock1rHr<de Changesirnventoriesolf1n1�hlCgoods. proc1gsw<�1e, ork-•M·progreHMd�\ock1ntf<dt ifmploveeten�flts e-pense� lf,nance(O�h	9,420 7 153 191.6 1,759.01 2238""I 2 8 4,158.4 7,531 1 456 (1738) 1,6570 1987 8672 (S�6) 3,5912	S,749 5 1321 (921) 1.636 3 B1l 829 6 (269) 3,118 3	2 3,614l l18 3 (718 2) 5,1&o6 672 5 2,516 5 \112 8) 11.057 4 14,136 3 201 9 {2 80 3) 4,09 3 1 486l 2.484 7 ll 0 7.756 9 20,020 4 2l (479) 5.7754 7200 3,364.6 (53 6) ll,108.6 9,412 5 2 11 148 l,7105 2 235 775.8 2 8 4,198 7 7,5311 2498 {193.0) 1,668 7 199 1 857 5 \53.2) 3,607.l S,74 7 1 1420 (38.0) 1,647 6 B2 4 830.S 12 5.3) 3,141.0 23, 605.9 540.1 (822 3) 5.194 7 6728 2,518.0 (112.4) 11,125 7 14,133.9 218 2 (293.3) 4,122.7 486.5 2,4A7.3 31 2 1,79.3 20,0180 325.8 {149.6) 5,815. 9 72 1 1 3,3Gb5 {53 4) 11,123. 7
	'	"'' "'"""'"' •Odl•>'•-4•	I 16 546.8 3,064.4 252.0 ~~l~~3~~f6~~3.4 3,063.3	11 479.6 1,469.7 (5704)	4238.4 a576.1 2.9M.7 2,917.2 1570 4) 41 167.7 4,185.4 {2 66.1) 16738.8 3 097.7 2 61.7 1:77.2 !,139.8 11 577.! 1 S05.l 14.2 42 722.5 8,721.8 21!HG.I 3 011.& 14. 2 4.1 110.0 4 297.0 3155
	i P	rofitbofort shut ofprofitofan.odatuandtu {S-6)	Z,812.4 3,063 3	2,040.1	8,576.l 3,4U.6 4,4Sl.5 2,136.0 3,139.8 1,490.9 8,721.8 3,004.4 3,978.5
i	~~:~~'	hareol Prof•\of <Hot1<\I|		5.9 59
9	~~I ~~N	etProttt bGfottaxH t7.a)	2,812.4 3,063.3	2,0.1	8,576.1 3,487.6 4,451.S 2,836.0 3,U9.8 1,490.9 8,721.8 3,010.3 3,964.4
10	!T	u eJpenus 0!.!erreCta�(credit) Ce1rrertlta•"dJ<Htr'1lfHrelated tu'Ml1er ve.r�	I 743.2 (21.S) 819 7 (44�)	538 8 196 31	2,305 1 (14301 1,07g i2 2 13) UD1 (2 699) 04) 1387) 747 9 ma1 837 3 \434) (94.8) 2,3<0.9 (143 9) 952 6 [2217) 1,25 3 2 \2721) (14) (36.7)
: I	! N	4tproflt attartn(9-10)	2,091.0 2,288 0	1,597.6	6,414.0 2,701.0 3,457.4 2,110.9 2,345.9 1,121.! 6,524.8 2,279.4 3,045.9
ll	i O	thct Comprehenuve lncome/iupenH)nat ollou
	~~i~~ i pr	ltem~~11~~hatwlltnot brttlanlfledtoprofit orIon R!me.�urlmenlM1f ol lrlldllrn�d ben(li! plan lt1m1 thatwt11b� reclauitled to profitor Ion Netmuvement1neffect1veport1ono!c.sbllowhedge income!a•relatedto item� tli•t mayoe retlos1f1ed to of1\orloH	81 8 (20.6) 511 (U0)	165 4 {1 6)	199 (75) 3180 13981 (1619) l9 3480 (408) (161.l) 8l8 (0 1) (206] 517 (0 2) (130) 165 4 OA (416) 29 9 (0 1) (7.5) !39.81 O& (161.9) "I 3480 (40 8) 6 0 3 07 (161.1)
13	I T	oUI Cotnprthetulvtlneomt(11+12)	2,~~1s~~2.2 ~~2~~,~~3~~2~~6~~.7	1,721.4	6,43&.4 l,4.7 2,112 0 1,247 6,s47.1 !,0.7 ..
			5,0%.0 5.096 0	5,096 0	S.0960 50960 28.069 5 5,0950 S,0960 5,0960 5,0960 5,09£0 5,0%.0
I! .n1H1g1 per >Pat< ilP)I f.u� <dlu!\< •NR l/e"1:hl(not <nn_ 1 �t(l)I Rtft• r10tt 91 I 0 42 04& l__��-----------'----o-.•�2l____ o '_				0 4& 0,32 1 28 0 53 0 68 0 41 0.47 0.22 Ul 051 '. ____o_i_2'- ___ 1."� ___ o_.s_•'----'-"�---o- •_2' --o-"�---o-'�2'----1.-l l�---'- '-''----o,�51

Digitally signed by Digitally signed by DINESH KUMAR Date: 2022.01.18 ABHINA ABHINAV GUPTA Date: 2022.01.18 Q EE p AK DEEPAK NANDA Digitally signed b� 12:08:43 +05'30' VGUPTA 12:14:48 +05'30' Date:2022.01,18 NAN DA 14:00:09 +05'30'

==> picture [5 x 9] intentionally omitted <==

DIN ESH KUMAR

		SEGMENT WISE REVENUE, RESULTS, SEGMENT ASSETS AN	SEGMENT WISE REVENUE, RESULTS, SEGMENT ASSETS AN	D SEGMENT LIABILITIES (INRlnMJ!/Jon)	D SEGMENT LIABILITIES (INRlnMJ!/Jon)	D SEGMENT LIABILITIES (INRlnMJ!/Jon)
~~I~~		Standalone			canolld1ted
I Sr. hMltulaN No i		Qu.uEnded Period Ended Yea		rendfd	Quarer Ended	PulodEnded Yearand
		OCembu 31 2021	S&pt ombu December :2021 31 2020 " '" 31 2020 31	Monh 12	Oc.embor Sapt1rbar 0Cm1Mr u 2021 3 2021 31 2020	D mb•r 31,2021 , 3L2020 Matt 31 2021
		3Months	3 Month! 3 Months 9Monts 9M 12	Months	3Months 3 Months 3Monts	9 Months 9 Monts UMonths
		Unaudited	Unaudited Unaudited ~~U~~aud~~h~~ed A	uted	Unauditd Unaudted Unaudlt•d	Unauited . .
2	Total	I ll,059.31 ll.OIJJ 43690 1 2&.8413 ,519 5 l_SS'l 1.8141 l.019 3 4,iSb4 - -----! ·---- r ---- 19,578.B 16,627l 12 ,901.1 50,125.4 H,69!.7 1 " I 0		38.160 9 1.040 7	11.282 8 2.5195 14 ,3576 2,5597 1U09.9 l,8241	44,253 8 7,0293 V.0O 4,8564 �8.2 74 2 7,0407
				45,201.6 "	19,802.l 11 16,917.S 16 13,0.B.9 25	51,l!l.O s 0 31,862.4 57 45,314.9 8
	Ro\nu• from opratlons Seimont ruu!H Pr ofit bclore t u, flnant•eoshind other uMllCcablo UPOndlturo notoffunaUoubl• Income from oadl ltnient Tot1I ·W.e<,.. "'"''°""""'"'''"".,,.,""""""'I I 19,576.6 2,870.7 580.7 3,451.4 223.S 415 2 16,625.7 2,9767 6122 3,588.9 1987 3269 12, 1,445 0 389.2 1,834.2 1321 (5 704) 50,720.4 8,507.2 1,785 7 10,292.9 6125 1,04 3 31,&9!.0 2,725 s 1.215.4 3,940.9 4861 5375 (5704)	19,576.6 2,870.7 580.7 16,625.7 2,9767 6122 12, 1,445 0 389.2 50,720.4 8,507.2 1,785 7 31,&9!.0 2,725 s 1.215.4		45,192.9 3,924 6 1,823.0	19,800.1 2,892.2 580.7 16,915.9 3,053 5 612.2 13,031.5 1,480.6 389.2	51,278.1 S,6511 1,785.7 31,U7 2,827 0 1,215.4 4,036.8 l 2,a2Jo
				5,747.6 720 0 8422 (266.1)	3,472.9 223 5 3,6 7 1991 326! 1,869.8 1324 232 4 1 4 2	10,436.a 672.8 l,042 2 4,042.4 486 5 537 3 14 2 5,859.8 721.1 8417 3185
	Prfitbefore tu	2,812.4 3,063.3 2,040.1 B,576.1 3,487.6		4,451.5	2,O 3,139.B 1,490.9	8,721.8 3,00.4 3,978.S
	S41mentAneh a)TU!•hH b)Pape1&chem1ca1s	52,637.a 6,036.7 """I 46,4&' 9 s.2sas 6,&02s 42,93 0 S,483 0 4,1649 52,6.7 8 6,038 7 4,820 7 4�,903 0 5,483.0 4.1649		48,1758 5,3777 3,987 1	53,010 3 6,0387 4,795 8 '6,9.8 5,28.6 6,577 9 43,059.5 S,483.0 4,13 9 6	I 53,010.3 6,031.7 4,795.8 43,059.5 S,483.0 4,139.6 48,376 7 5,377.7 3,9621
	ITot1IAM1ts	63,497.2 5.,372.3 52,SS0.9 63,497.2 52,550.9		57,S41.6	63,U.8 s,711.5 52,6!2.1	63,M4.8 52,682.1 57,716.5
		5,919 9 1,20 2 4 3,977 6 <.4583 9561 4.6799 99�4 3,8664 �.9199 1.202. 3,9776 4,5799 9954		4,1230 ' 64 3.9272	6,0402 1,2024 3,9764 4,6331 9561 4,2288 4,6925 9951 3,8762	5.040 2 1,2024 3,97b4 4,692 5 9954 3,8762 4,176 8 9164 3,930 5
	'TotatUabillllH	11,0.9	9 627.7 9541.7 11 099.9 9S41.7	8 966.6	11 219.0 9,Sl.O 9 56.1	11 219.0 9 564,1 9 0 23.7

==> picture [5 x 9] intentionally omitted <==

DINESH

KUMAR

Digitally signed by DINESH KUMAR ABHINAV Date: 2022.01. 18 12:09:21 +05'30' GUPTA

Digitally signed by ABHINAV GUPTA Digitally signed Date: 2022.01, 18 DEE PAK by DEEPAK NANDA 12:17:48 +05'30' 14:00:51 +05'30' NANDA Date:2022;01.18

Notes

• 1 These standalone and consolidated financial results have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder.

• The above standalone and consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on January 18, 2022 and have been reviewed by the Statutory Auditors of the Company.

• During the current quarter, the Company has paid the 1'1 Interim Dividend of INR 0.36/- (36%) per fully paid up Equity Share of INR 1/- each for the financial year 2021-22.

==> picture [5 x 11] intentionally omitted <==

1. During the period ended September 30, 2021, the Company expanded its Textiles Segment by installing 61,440 spindles and 480 rotors and commenced the commercial operations of the said project from July 27, 2021.

2. Pursuant to approval granted by Union Cabinet on July 14, 2021 (notified on August 13, 2021), for continuation of Rebate of State and Central taxes and Levies (RoSCTL) with the same rates as notified by Ministry of Textiles vide Notification dated March 08, 2019 on exports of Apparel/Garments and Made-ups, the Company had during the quarter ended June 30, 2021 accrued the export benefits of RoSCTL of INR 1,190.5 million on the eligible export sales for the period from January 1, 2021 to June 30, 2021, out of which INR 579.3 million pertained to the eligible export sales for the period from January 1, 2021 to March 31, 2021.

During the previous quarter, Central Government has notified Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme Guidelines and Rates for other textile products vide Notification dated August 17, 2021. Accordingly, the Company had accrued the benefits under the aforesaid scheme amounting to INR 144.5 million on eligible export sales for the period from January 1, 2021 to September 30, 2021, out of which INR 79.8 million pertains to eligible export sales for the period from January 1, 2021 to June 30, 2021.

1. Due to lower realization of e-Scrips (received/receivable under RoSCTL and RoDTEP schemes) during the current quarter, the Company has presented additional realization loss of INR 252.0 million (standalone) and INR 261. 7 million (consolidated) on e-Scrips outstanding as on September 30, 2021, as an exceptional item in the results for the quarter ended December 31, 2021.

2. Exceptional Items in the previous year ended March 31, 2021 included the following:

==> picture [5 x 9] intentionally omitted <==

• a) Gain/(loss) on sale of entire stake in equity shares of Lotus Hometextiles Limited (Associate) for INR 487.4 million (net of tax of INR 83.0 million) and (INR 14.3 million) in standalone and consolidated results respectively for the year ended March 31, 2021.

• b) Reversal of excess interest subsidies, prov1s1on for interest on excess interest and capital subsidies and depreciation charge on excess capital subsidies pertaining to earlier years based on final report of the Joint Inspection Team of Ministry of Textiles, appointed by Technical Advisory-cum Monitoring Committee (TAMC) on issues related to Amended technology Upgradation Fund scheme (A-TUFS) and previous versions of Technology upgradation fund scheme of INR 304.3 million in the standalone and consolidated results of the year ended March 31, 2021.

• The Code on Social Security, 2020 ('Code') relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company and its Indian subsidiary will assess the impact of the Code when it comes into effect and will record any related impact in the period when the Code becomes effective.

• During the financial year 2020 - 2021, the Board of Directors and the Shareholders of the Company had approved a Scheme called as "Trident Limited Employee Stock Purchase Scheme - 2020" ("Scheme") in their meeting held on May 16, 2020 and July 9, 2020 respectively. This scheme is effective from July 9, 2020. Pursuant to the Scheme, the Company

DIN ESH

Digitally signed by Digitally signed by DINESH KUMAR ABHINAV ABHINAV GUPTA DEE p AK Digitally signed by DEEP AK NANDA 12:09:41 +05'30' Date: 2022.01.18 GUPTA 12:18:14 +05'30' Date: 2022.01.18 NANDA 14:01 :37 +OS'30' Date:2022.01.18

==> picture [5 x 8] intentionally omitted <==

KUMAR

had, constituted Trident Limited Employees Welfare Trust ('Trust') to acquire, hold and allocate/transfer equity shares of the Company to eligible employees from time to time on the terms and conditions specified under the Scheme. The said trust had, during the previous year, purchased, Company's equity shares aggregated to 100,000,000 equity shares from the secondary open market. During the previous quarter, the Company granted 21,51,397 Equity Shares to its eligible employees. During the current quarter, the Company has offered and granted 51,04,223 Equity shares at an exercise price of INR 21.00 per share, 14,lS,303 Equity shares at an exercise price of INR 28.00 per share, 1,02,400 Equity shares at an exercise price of INR 12.00 per share and 27,500 Equity Shares at an exercise price of INR 18.00 per share, to eligible employees. Accordingly, the Company has recorded employee benefit expense of INR 112.1 million and INR 139.5 million for the quarter ended December 31, 2021 and for the nine months ended December 31, 2021 respectively.

==> picture [5 x 9] intentionally omitted <==

The financial results of the Trust have been included in the standalone and consolidated financial results of the Company in accordance with the requirements of Ind AS and cost of such treasury shares has been presented as a deduction in Other Equity. Such number of equity shares (which are lying with Trust) have been reduced while computing basic and diluted earnings per share.

1. During the financial year 2020 - 2021, the Company had issued 1,250 Senior, Secured, Rated, Listed, Redeemable, Non­ convertible Debentures (NCDs) of the face value of INR 10,00,000/- each aggregating to INR 1,250 million, at par on Private Placement basis at the rate of 6.83% per annum, payable semi-annually from the date of allotment i.e. November 3, 2020. These NCDs are redeemable at par in four equal instalments at the end of 15th, 27th, 36th and 48th months from the date of allotment. India Ratings and Research (Ind-Ra) has assigned a rating of 'IND AA-' with a Positive Outlook to the said NCDs of the Company, which has been upgraded to IND AA/Stable.

On May 27, 2021, first ranking pari-passu charge by way of hypothecation (shared between the Debentures Trustee and Existing Lenders) on the movable fixed assets and second ranking pari-passu charge by way of hypothecation (as shared between the Debentures Trustee and the Existing Lenders) on the hypothecated Assets as defined in trust deed (excluding the Immovable Fixed Assets) of the Company has been created. Further, these NCDs are to be secured by way of first ranking pari-passu charge by way of mortgage (to be shared between the Debentures Trustee and Existing Lenders) on the mortgaged properties as defined in trust deed.

1. The Company's/ Group's operations and revenue were impacted on account of disruption in economic activity due to CoVID 19. The management believes that the overall impact of the pandemic is short term and temporary in nature and 1s not likely to have any significant impact on the recoverability of the carrying value of its assets and the future operations. The management is closely monitoring the developments and possible effects that may result from the pandemic on its financial condition, liquidity and operations and is actively working to minimize the impact of this unprecedented situation.

==> picture [5 x 9] intentionally omitted <==

1. Relevant information as required pursuant to Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, in respect of Non-Convertible Debentures, are as follows:

For standalone financial results

		Quarter ended	Quarter ended	Quarter ended	Nine months ended	Nine months ended	Year ended
S. No.	Particulars	31.12.2021	30.09.2021	31.12.2020	31.12.2021	31.12.2020	31.03.2021
(a)	Operating Margin % Operating profit/Revenue	24.51%	27.55%	21.58%	26.82%	20.13%	20.25%
(b)	Net Profit Margin % Net Profit before exceptional items and income tax/Revenue	14.55%	18.43%	11.39%	16.91%	9.20%	9.26%

==> picture [5 x 8] intentionally omitted <==

DI N ESH Digitally signed by Digitally signed by Digitally signed DINESH KUMAR ABHINAV ABHINAV GUPTA DEE PAK by DEE PAK Ku MAR 12:10:00 t-05'30' Date:2022.01.18 GUPTA Date: 12:18:33 +05'30' 2022.01.18 NAN DA NANDA[Date:2022.01.18 ] 14:02:15 +05'30'

		Quarter ended Nine months ended Vear ended	Quarter ended Nine months ended Vear ended	Quarter ended Nine months ended Vear ended	Quarter ended Nine months ended Vear ended	Quarter ended Nine months ended Vear ended
S. No.		Particulars 31.12.2021 30.09.2021 31.12.2020 31.12.2021 31.12.2020 31.03.2021
(c )		Interest Service Coverage Ratio (in times) (Profit before tax and exceptional items+ Interest expense+ Depreciation and amortisation expense)/Interest expense 17.81 22.48 18.93 18.53 12.49 12.23
(d) Debt Service Coverage Ratio (in !times) (Profit before tax and exceptional items+ Interest expense+ Depreciation and amortisation expense)/ (Long term debt (excluding lease liabilities) repaid during the period/ year**+ Interest expense) 15.48 19.83 2.31 17.01 1.68 1.91
(e ) Bad debts to Accounts Receivable Ratio(%) I Bad Debts/ Average Accounts 1 Receivable 0.00 -0.00 0.00 0.01
(f) I Debtors turnover Ratio (in times) iRevenue (excluding government Isubsidy and export incentives) I/Average Accounts Receivable 3.32 3.52 3.77 8.85 9.96 11.74
(g) I Inventory Turnover Ratio (in I times) Cost of goods sold I Average inventory 1.40 1.34 1.47 3.22 3.00 3.75
	Prepayment of long term debts have not been considered for computation of Debt Service Coverage Ratio. S. No. Particulars (a) Debt Equity Ratio (in times) Total Debt (excluding lease liabilities)/ Total Equity (excluding PPE fair valuation reserve and Effective portion of cash flow hedge) I(b) Current Ratio (in times) Current Assets/Current Liabilities (c ) Current Liability Ratio (in times) Current Liabilities/Total Liabilities (d) Total debts to total assets Ratio (in times) (Long Term Borrowings + Short Term Borrowings + Current Maturities of Long Term Borrowings)/Total Assets *excluding lease liabilities (e) Long term debt to working capital (in times) Long term borrowings (including current maturities and excluding lease liabilities)/( Current Assets-Current Liabilities) (f) Asset Coverage Ratio (in times) Secured Assets against borrowings excluding specified assets hypothecated against specified borrowings/Total Debt (excluding lease liabilities and specified borrowings) (g) Net Worth (INR in million) Net worth=Total Equity (excluding PPE fair valuation reserve and Effective portion of cash flow hedge) Asat 31.12.2021 31.03.2021 0.55 0.59 1.18 0.99 0.75 0.75 0.25 0.27 1.02 -12.86 9.80 12.65 29,207.32 26,100.68
	S. No.		Particulars		Asat
					31.12.2021	31.03.2021
	(a) I(b)		Debt Equity Ratio (in times) Total Debt (excluding lease liabilities)/ Total Equity (excluding PPE fair valuation reserve and Effective portion of cash flow hedge)		0.55	0.59
			Current Ratio (in times) Current Assets/Current Liabilities		1.18	0.99
	(c )		Current Liability Ratio (in times) Current Liabilities/Total Liabilities		0.75	0.75
	(d)		Total debts to total assets Ratio (in times) (Long Term Borrowings + Short Term Borrowings + Current Maturities of Long Term Borrowings)/Total Assets *excluding lease liabilities		0.25	0.27
	(e)		Long term debt to working capital (in times) Long term borrowings (including current maturities and excluding lease liabilities)/( Current Assets-Current Liabilities)		1.02	-12.86
	(f)		Asset Coverage Ratio (in times) Secured Assets against borrowings excluding specified assets hypothecated against specified borrowings/Total Debt (excluding lease liabilities and specified borrowings)		9.80	12.65
	(g) Net Worth (INR in million) Net worth=Total Equity (excluding PPE fair valuation reserve and Effective portion of cash flow hedge)				29,207.32	26,100.68

QI N E[5 H ] DINESH[D191tally 11gned by ] KUMAR ABHINAV Digitally signed by ABHINAV GUPTA DEE PAK Digitally signed by DEEPAK KUMAR 12:10'16 +05'30' Date:2022.01.18 GUPTA 12: 18:51 +05'30' Date: 2022.01.18 NANDA NANDA[Date:2022.01.18 ] 14:02:4 7 +OS'30'

I		Quarter ended	Quarter ended	Quarter ended	Nine months ended	Nine months ended	Year ended
S. No.	Particulars	31.12.2021	30.09.2021	31.12.2020	31.12.2021	31.12.2020	31.03.2021
(a)	Operating Margin % Operating profit/Revenue	24.61%	28.79%	21.90%	27. 01%	20.53%	20.58%
(b)	Net Profit Margin % Net Profit before exceptional items and income tax/Revenue	14.52%	18.56%	11.55%	17.01%	9.48%	9. 48%
(c ) i I	Interest Service Coverage Ratio (in times) (Profit before tax and exceptional items + Interest expense + Depreciation and amortisation expense)/Interest expense	17.94	22.85	19.17 18.76		12.71	12. 38
(d)	Debt Service Coverage Ratio (in times) (Profit before tax and exceptional items + Interest expense + Depreciation and amortisation expense)/ (Long term debt (excluding lease liabilities) repaid during theperiod/year**+ Interest expense)	15.59	20.16	2. 34 17.22		1.71	1.94
(e)	Bad debts to Accounts Receivable Ratio (%) Bad Debts/Average Accounts Receivable	0.00	-0.00	0.00 -		0.01	0.01
(f) i i	Debtors turnover Ratio (in times) Revenue (excluding government subsidy and export incentives) /Average Accounts Receivable	3.38	3.57	3.83 9. 04		9.95	11.90|
(g)	Inventory Turnover Ratio (in times) Cost ofgoods sold/ Average inventory	1.38	1. 31	1.48 3.19		2.98	3.71

**Prepayment of long term debts have not been considered for computation of Debt Service Coverage Ratio.

		As at	As at
S. No.	Particulars	31.12.2021	31.03.2021
(a)	Debt Equity Ratio (in times) Total Debt (excluding lease liabilities)/ Total Equity (excluding PPE fair valuation reserve and Effective portion of cash flow hedge)	0.55	0.59
(b)	Current Ratio (in times) Current Assets/Current Liabilities	1.19	0.99
(c )	Current Liability Ratio (in times) Current Liabilities/Total Liabilities	0.75	0.75
(d)	Total debts to total assets Ratio (in times) (Long Term Borrowings +Short Term Borrowings +Current Maturities of Long Term Borrowings)/Total Assets *excluding lease liabilities	0.25	0. 27
(e)	Long term debt to working capital (in times) Long term borrowings (including current maturities and excluding lease liabilities)/(Current Assets-Current Liabilities)	0.96	- 29.00

D1g1tally signed DIN ESH by DINESH AB H IN AV ABHINAV GUPTA Digitally signed by Digitally signed by KUMAR Date:2022.01.18 Date: 2022.01.1 8 DEEP AK DEEPAK NANDA Date:2022.01.18 KUMAR 12:10:29 +05'30' GUPTA 1 2: 19: 09 +05' 30' NANDA 14:03:18 +05'30'

		As at	As at
S. No.	Particulars	31.12.2021	31.03.2021
(f) I	Asset Coverage Ratio (in times) Secured Assets against borrowings excluding specified assets hypothecated against specified borrowings/Total Debt (excluding lease liabilities and specified borrowings)	9.80	12. 65
I(gl I I	Net Worth (INR in million) Net worth=Total Equity (excluding PPE fair valuation reserve and Effectiveportion of cash flow hedge)	29,434.83	26,218.31
(h)	Capital Redemption Reserve	600.00	600.00

==> picture [7 x 8] intentionally omitted <==

Due Date and Actual Date of of

The Company has repaid Commercial Papers on due date. The details of Commercial Papers repaid during the nine months ended December 31, 2021 are as follows:

ISIN	INR In Million	Due Date of Repayment	Actual Date of Repayment	Actual Date of Repayment	Credit rating
INE064Cl4082	500.0	June 28, 2021	June 28, 2021		CRISIL Al+
The Details of Commercial Papers outstanding as on December 31, 2021 are as follows:
ISIN	INR In Million	Date of Allotment	Maturity Date	Credit rating
INE064Cl4090	500.0	December 30, 2021	March 2, 2022	CRISIL Al+

There were no commercial papers outstanding as on September 30, 2021 and March 31, 2021.

By Order of the Board of Directors For Trident Limited DEE p AK Digitally signed by DEEPAK NANDA Date: 2022.01.18 NAN DA 14:04:00 +05'30'

Date: January 18, 2022

(Deepak Nanda) Managing Director DIN 00403335

==> picture [7 x 8] intentionally omitted <==

Digitally signed by DINESH KUMAR Date: 2022.01.18 12: 10:43 +05'30'

DIN ESH KUMAR

Digitally signed by ABHINAV GUPTA Date: 2022.01.18 12: 19:26 +05'30'

ABHINAV GUPTA