Trident Limited Announces Interim Dividend, Approves Major Fundraising Plans, and Releases Audited Financial Results
Trident Limited disclosed several key corporate actions and the audited financial results for the quarter and financial year ended March 31, 2026, following the outcome of its Board meeting held on May 19, 2026. The Board declared a significant interim dividend and approved plans for raising fresh capital.The Company announced the declaration of the 1st Interim Dividend of INR 0.50 per fully paid up Equity Share of INR 1 each for the Financial Year 2026-27, representing a 50% payout. The record date for the payment of this dividend has been set for Saturday, May 23, 2026.
Corporate Governance and Strategic Approvals
The Board also addressed key governance matters, including the re-appointment of M/s Ramanath Iyer & Co, Cost Accountants, as the Cost Auditors, and M/s Mahajan & Aibara Associates and M/s Deloitte Touche Tohmatsu India LLP as the Internal Auditors.Key strategic decisions made by the Board include:
- Management Appointment: Re-appointment of Mr. Deepak Nanda as Managing Director for the next three years, spanning from September 5, 2026, to September 4, 2029, pending shareholder approval.
- Capital Raising: Recommendation for an enabling resolution to raise funds not exceeding INR 500 Crore by issuing Non-Convertible Debentures through public or private offerings in one or more tranches.
- AGM: Scheduling the 36th Annual General Meeting (AGM) for Friday, July 31, 2026.
- Subsidiary Status: The Board decided not to proceed with the incorporation of the proposed domestic wholly owned subsidiary, as the management views it as presently unnecessary.
Audited Financial Performance
The Company released audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.According to the Consolidated Statement of Financial Results, the Group recorded a total income of 16,501.1 million INR for the quarter ended March 31, 2026, compared to 15,949.1 million INR in the previous quarter. For the full year ended March 31, 2026, the consolidated total income was 67,751.6 million INR. The Net profit after tax for the year ended March 31, 2026, stood at 3,771.1 million INR.
The consolidated total assets at the end of the year remained at 75,368.3 million INR, a slight increase from the 71,607.2 million INR recorded in the previous year.
Consolidated Financial Highlights (INR in Million)
| Metric | Q Ended Mar 31, 2026 (3 Months) | Y Ended Mar 31, 2026 (12 Months) |
|---|---|---|
| Total Revenue from Operations | 16,325.3 | 67,010.5 |
| Total Income | 16,501.1 | 67,751.6 |
| Profit Before Tax | 1,464.4 | 5,199.3 |
| Net Profit After Tax | 1,019.8 | 3,771.1 |
| Total Assets | 75,368.3 | 75,368.3 |
| Total Equity and Liabilities | 47,714.2 | 46,209.9 |
Divisional Performance
The segment revenue from operations totaled 16,299.6 million INR for the quarter and 66,811.6 million INR for the full year ended March 31, 2026.The profit before tax by segment showed the following performance:
| Segment | Profit Before Tax (Q Ended Mar 31, 2026) | Profit Before Tax (Y Ended Mar 31, 2026) |
|---|---|---|
| Yarn | 667.8 million INR | 2,155.8 million INR |
| Towel | 818.3 million INR | 2,477.8 million INR |
| Bedsheets | 294.6 million INR | 990.6 million INR |
| Paper and Chemicals | 561.9 million INR | 2,083.5 million INR |
Financial Structure and Cash Flows
The Company reported robust cash generation, with net cash flows from operating activities totaling 9,417.6 million INR for the year ended March 31, 2026. The cash and cash equivalents at the end of the year stood at 308.6 million INR.Consolidated Statement of Assets and Liabilities (INR in Million)
| Metric | Mar 31, 2026 (Assets) | Mar 31, 2025 (Assets) | Mar 31, 2026 (Liabilities) | Mar 31, 2025 (Liabilities) | |
|---|---|---|---|---|---|
| Total Assets | 75,368.3 | 71,607.2 | Total Liabilities | 27,654.1 | 25,397.3 |
| Total Equity | 47,714.2 | 46,209.9 | Total Equity | 47,714.2 | 46,209.9 |
Audit Confirmation
The audited financial results (Standalone and Consolidated) for the financial year ended March 31, 2026, were reported by the Statutory Auditors, S.R. Batliboi & Co. LLP. The auditors issued an unmodified opinion on the financial results of the Group.TRIDENT Stock Price Movement
On Tuesday, Trident Limited shares edged higher, closing at ₹24.44, after posting a modest 0.04% gain. The stock traded on a volume of 4.00 million shares, finding support during the session near the ₹24.2 intraday low.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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