A detailed discussion on financial and operational
performance of the Company is given under "Management
Discussion and Analysis Report" forming part of the
Annual Report.

Dividend

Your Company has a dividend distribution policy that
balances the dual objectives of rewarding shareholders
through dividends whilst also ensuring the availability
of sufficient funds for growth of the Company. The web
link of the Dividend Distribution Policy is https://assets.
tridentindia.com/DDP Dividend Policy.pdf

In line with the dividend distribution policy, considering
the sense of shareholders' expectations and past dividend
history, the Company has declared and paid an interim
dividend Rs. 0.36 per share (i.e. 36%) on face value of Rs. 1/-
each, during the Financial Year under review. The dividend
pay-out for FY 2024-25 was Rs. 1,834.5 Million.

The Board of Directors did not recommend any final
dividend for the financial year ended March 31, 2025.

Transfer to Reserves

During the year under review, the Company transferred
an amount of Rs. 5.8 Million to the 'General Reserve' on
account of Employee Stock Option Scheme. Details of
the same are provided in note 15 of financial statements.
Further, no profits are transferred to general reserves
and entire amount of profit for the year forms part of the
'Retained Earnings'.

Changes in Share Capital

During the period under review, there is no change in share
capital of the Company.

Expansions/ Modernisation

The Company has successfully expanded its solar power
capacity by aggregating 23.5 MWp during the year under
review, which is a step to significantly reducing the carbon
footprint for the Company. The overall installed captive
solar power capacity after abovementioned enhancement
reached to 51.9 MWp.

This capacity enhancement showcases Company's
commitment towards reducing its carbon emissions and
ensuring sustainability.

Credit Rating

The details on Credit Rating are set out in the Corporate
Governance Report, which forms part of this report.

Consolidated Financial Statements

The consolidated financial statements of the Company
and all its subsidiaries form a part of this Annual Report
and have been prepared in accordance with Section 129(3)
of the Companies Act, 2013. The statement containing
highlights of performance of each Subsidiary, salient
features of the financial statements for the financial year
ended on March 31, 2025 (Form AOC - I) is annexed to the
Financial Statements.

The audited accounts of the Subsidiary Companies
are available on the official website of the Company at
https://www.tridentindia.com/financial-statements-of-
subsidiaries

The annual accounts of the Company and of the Subsidiary
Companies are open for inspection by any shareholder
at the Registered Office of the Company. The Company
will also make available copies of these documents to
shareholders upon receipt of request from them.

Subsidiary and Associate Companies

As on March 31,2025, the Company has following Subsidiaries:

Subsidiaries

a) Trident Home Textiles Limited, Indian, wholly-
owned Subsidiary

b) Trident Group Enterprises Pte. Ltd., Singapore, wholly
owned Subsidiary

Step down Subsidiaries

a) Trident Global Inc., USA, wholly-owned step
down Subsidiary

b) Trident Europe Limited, UK, wholly-owned step
down Subsidiary

c) THTL Trading LLC, UAE, wholly-owned step
down Subsidiary

None of the Subsidiary or Step-down Subsidiary fall
under the criteria of Material Subsidiary as defined under
Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 ("SEBI
LODR Regulations").

Change in Subsidiaries/Step-down Subsidiaries

During the year under review, Trident Group Enterprises
Pte. Ltd. (TGEPL) was incorporated in Singapore by the
Company on September 13, 2024, with the objective to
diversify and expand the current business operations in
global market, explore the future business opportunities
and carry out treasury, investment & financing activities.
Further, TGEPL has acquired entire 100% shareholding of
THTL Trading LLC., a Limited Liability Company incorporated
in the emirate of Dubai, United Arab Emirates ('UAE'), on
January 14, 2025, with the objective to diversify and expand
the current business operations in global market, explore
the future business opportunities and/or to employ talent
to manage business activities of the Company.

Further, Trident Group Enterprises Pte. Ltd. has acquired
the entire shareholding held in Trident Global Inc. ('TGI')
and Trident Europe Limited ('TEL') from the Company and
other shareholders on January 23, 2025. Resultantly, TGI
and TEL became wholly-owned Subsidiaries of Trident
Group Enterprises Pte. Ltd and step-down subsidiaries
of Trident Limited. This restructuring in shareholding of
TGI and TEL shall help in simplification of the Company's
subsidiary structure, optimisation of cost of governance
& compliance.

Trident Global B.V., the step-down subsidiary of the
Company incorporated in Netherlands, has been voluntarily
dissolved and accordingly ceased as step-down subsidiary
of the Company on September 17, 2024.

There is no associate company within the meaning of Section
2(6) of the Companies Act, 2013 (hereinafter referred to
as 'the Act'). There have been no material changes in the
nature of the business of the subsidiaries during the year
under review.

Board of Directors and Key Managerial
Personnel

Directors Retiring by Rotation

Pursuant to provisions of Companies Act, 2013 ('the Act')
and the Articles of Association of the Company, Mr. Deepak
Nanda (DIN: 00403335) is liable to retire by rotation and
being eligible, offers himself for re-appointment. The
Nomination and Remuneration Committee and Board of
Directors have recommended his re-appointment for
the approval of the shareholders of the Company in the
forthcoming Annual General Meeting of the Company.

Changes during the year

During the year under review, Mr. Rajiv Dewan has completed
his second term as Non-Executive/Independent Director

of the Company on September 29, 2024. Considering his
immense business knowledge, leadership, strategic
thinking and sound Judgement approach, the Board
believed that the continuation of Mr. Rajiv Dewan on the
Board of the Company shall strengthen the overall Board's
skills and governance, and shall provide continuous benefit
to the Company. Therefore, basis the recommendations of
Nomination and Remuneration Committee and the Board,
the shareholders vide their resolution passed by Postal
Ballot dated December 12, 2024, has appointed Mr. Rajiv
Dewan as Non-Executive/Non-Independent of the Company
w.e.f. September 30, 2024, liable to retire by rotation.

Further, the shareholders vide their resolution passed in
34^th Annual G eneral Meeting of the Company dated August
06, 2024, have re-appointed Mr. Raj Kamal and Prof. Rajeev
Ahuja as Independent Directors, for a second term of one
year, with effect from August 09, 2024 and approved the re¬
appointment of Mr. Deepak Nanda (DIN: 00403335) retired
by rotation.

Independent Directors

All Independent Directors have given declarations that
they meet the criteria of independence as laid down under
Section 149(6) of the Act and Regulations 16(1)(b) and

Changes in KMP during the year:

Number of Board Meetings

During the year under review, the Board met 7 times.
The maximum gap between any two consecutive Board
meetings did not exceed 120 days. The details of the Board
meetings are set out in the 'Corporate Governance Report'
which forms part of this Report.

Committees of the Board

The Company has duly constituted Board level Committees
as mandated by the applicable laws and as per the business
requirements. Details of the committees, along with their
composition, charters and meetings held during the year,
are provided in the 'Corporate Governance Report', forms
a part of this Report. During the FY 2024-25, the Board has
accepted all the recommendations of its committees.

Evaluation of performance of the Board

The Company has duly approved Nomination and
Remuneration Policy prescribing inter-alia the criteria for

25(8) of SEBI LODR Regulations that they are independent
from the Management of the Company and that they are
not aware of any circumstance or situation, which exist
or may be reasonably anticipated, that could impair or
impact their ability to discharge their duties with an
objective independent judgement and without any external
influence. Further, all the Independent Directors have
given declarations that they complied with the provisions
of Companies (Appointment and Qualifications of Directors)
Rules, 2014 and has also affirmed that they comply with the
Code for Independent Directors prescribed in Schedule IV
to the Act and the Code of Business Conduct and Ethics of
the Company.

During the year under review, a separate Meeting of
Independent Directors was held on March 01, 2025.

Details of Key Managerial Personnel (KMP)

Pursuant to section 203 of the Companies Act, 2013, Mr. Deepak
Nanda, Manging Director, Mr. Samir Prabodhchandra
Joshipura, Chief Executive Officer, Mr. Avneesh Barua,
Chief Financial Officer and Mr. Sushil Sharma, Company
Secretary, are the designated KMP of the Company as on
March 31, 2025.

appointment, remuneration and performance evaluation
of the directors. As mandated by Section 134 & 178, read
with Schedule IV of the Act and Regulation 25 of the SEBI
LODR Regulations, the Independent Directors in their
separate meeting held on March 01, 2025 have reviewed the
performance of Non-Independent Directors, Chairperson
and the Board as a whole including review of quality,
quantity and timeliness of flow of information between
Board and Management.

Further the Board, during the year under review, has also
evaluated the performance of the Board, its Committees
and all Individual Directors including Chairman of the
Company. The evaluation was carried out on the basis of
a structured questionnaire circulated in advance to all the
Directors. The Board expressed its satisfaction on the
same and is of the opinion that all the independent directors
of the company are persons of high repute & possess the
relevant expertise & experience in their respective fields.

Board Diversity

The Company recognises and embraces the benefits
of having a diverse Board of Directors to enhance the
quality of its performance. The Company considers
increasing diversity at Board level as an essential element
in maintaining a competitive advantage in the complex
business that it operates. The identified key skills / expertise
/ competencies of the Board and mapping with individual
Director are provided in the 'Corporate Governance Report',
which forms a part of this Report.

Board Training, Induction and familiarisation of
Directors

At the time of appointing a Director, a formal letter of
appointment is given, which inter-alia includes the role,
function, duties and responsibilities expected from
him/her as a Director of the Company and necessary
documents, reports and internal policies to enable him/
her to familiarise with the Company and it's procedures
and practices. Periodic presentations are made at the
Board, Committees, Strategy meetings, on business and
performance updates of the Company, global business
environment, business strategy and risks involved etc.
Updates on relevant statutory changes on important laws
are periodically presented or circulated to the Board. The
Directors are also explained in detail the compliances
required from them under the Act, the SEBI Regulations
and other relevant Laws and Regulations.

Details of Familiarisation of Directors are disclosed on the
Company's website and are also provided in the 'Corporate
Governance Report' of the Company which forms part of
this report.

Conservation of Energy, Technology
Absorption, Foreign Exchange Earnings
and Outgo

The disclosures to be made under Section 134(3)(m) of the
Act read with Rule 8(3) of the Companies (Accounts) Rules,
2014 are as under:

A. Conservation of energy

i. Steps taken or impact on conservation of energy:
Trident is committed to sustainable business
practices by contributing to environment
protection and considers energy conservation
as one of the strong pillars of preserving
natural resources.

Your Company has taken various initiatives as
listed below, for energy conservation:

• Installation of Rooftop Solar Power Plant.

• Programmes for improving energy efficiency
and energy productivity across all operations.

• Installation of energy efficient equipment in
yarn comber waste collection process.

• Optimisation of equipment energy efficiency by
analysing the energy data.

• Replacement of old conventional fan with
BLDC Fan.

• Installation of Motion sensor.

ii. Steps taken by the Company for utilising alternate
sources of energy: During the year under review,
the Company has successfully expanded its solar
power capacity aggregated by 23.5 MWp i.e.
1.1 MWp on April 10, 2024, 5.5 MWp on May 03,
2024, 5.9 MWp on May 20, 2024 and 11.02 MWp on
March 29, 2025.

This capacity enhancement showcases
Company's commitment towards reducing its
carbon emissions and ensuring sustainability.

iii. Capital investment on energy conservation
equipment: Rs. 285.37 Million.

B. Technology absorption

i. Efforts made towards technology
absorption:

During the year under review, your Company
continued to work on upgradation of its renewable
energy to reduce its carbon footprint. In this
regard, the equipment imported for the installation
of solar panels were duly commissioned by the
Company and accordingly, the technology has
been duly absorbed in previous year.

ii. Details of technology imported:

a) During the Year under review, the expansion
of Sheeting Cut, Stitch, Pack ('CSP') &
Process House, Capacity enhancement of
looms were imported by the Company.

Details of Technology imported during the
last three financial years are mentioned in
the respective Annual Reports.

b) Year of Import: 2024-25

c) Whether the technology has been fully
absorbed: Yes

d) I f not fully absorbed, areas where the
absorption has not taken place and reasons
thereof: Not Applicable

iii. Expenditure incurred on Research and
Development: Nil

C. Foreign exchange earnings and outgo

During the year under review, the Foreign Exchange
earnings of the company were Rs. 37,865.0 Million
(Previous Year Rs. 40,608.0 Million) and Foreign
Exchange outgo was Rs. 3,768.7 Million (Previous Year
Rs. 3,722.7 Million).

Disclosure on ESOP

The Board of Directors and the Shareholders of the Company
have approved the 'Trident Limited Employee Stock Option
Scheme - 2020' ('ESOS Scheme') at their Meetings held on
May 16, 2020, and July 9, 2020, respectively. This scheme
has been effective from July 9, 2020. Pursuant to the
Schemes, the Company 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 details of ESOS vested, exercised or lapsed during the
year are duly provided in Note 42 to Standalone Financial
Statement of the Company and the same is not repeated
here for the sake of brevity.

Further, the Board of Directors and the Shareholders of the
Company have also approved the 'Trident Limited General
Employee Benefit Scheme - 2023' ('GEBS Scheme')
at their Meetings held on May 24, 2023 and August 12,
2023 respectively.

The Disclosure as per SEBI (Share Based Employee
Benefits and Sweat Equity) Regulations, 2021 has been
given on the website of the Company under the following
link: https://www.tridentindia.com/other-statutory-
disclosures. The said Scheme is available on the website of
the Company https://assets.tridentindia.com/SEBI SBEB
SE E fe40a293ce 55e261095b.pdf

Pursuant to Regulation 13 of Employee Benefits
Regulations, a certificate from Secretarial Auditors of
the Company, with respect to the implementation of the
schemes, will be made available during the ensuing Annual
General Meeting ("AGM”).

Nomination and Remuneration Policy

In compliance with Section 178 of the Companies Act, 2013,
the Nomination and Remuneration Policy of the Company
has been designed to keep pace with the dynamic business
environment and market linked positioning. The Policy has
been duly approved and adopted by the Board pursuant
to recommendations of Nomination and Remuneration
Committee of the Company. During the year under review,
the Policy was amended on November 06, 2024 and January

24, 2025 to align the policy with the statutory amendments
and the updated policy is duly available on the website of
the Company at following link: https://assets.tridentindia.
com/NRC Policy.pdf

As mandated by proviso to Section 178(4) of the Companies
Act, 2013, salient features of Nomination and Remuneration
Policy are annexed as ‘Annexure I' hereto and forms part
of this report. The details of the remuneration paid to the
directors during the year are provided in the 'Corporate
Governance Report' which forms a part of this Report.

Particulars of Employees

The information required under Section 197(12) of the Act
read with Rule 5(1) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 is
provided in ‘Annexure II'

Information required under Section 197(12) of the Act read
with Rule 5(2) and Rule 5(3) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014 is
provided in a separate exhibit forming part of this report
and is available on the website of the Company at https://
www.tridentindia.com/other-statutory-disclosures. If
any Shareholder is interested in obtaining information
as described under first proviso to the Rule 5(3) of the
Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014, he/she may, before the date of
forthcoming Annual General Meeting, write to the Company
Secretary in this regard.

Vigil Mechanism & Whistle Blower policy

The Company has implemented Vigil Mechanism & Whistle
Blower policy and the oversight of the same is with Audit
committee of the Company. The policy inter-alia provides
that any Director, Employee who observes any unethical
behaviour, actual or suspected fraud or violation of the
Company's code of conduct or ethics, policies, improper
practices or alleged wrongful conduct in the Company may
report the same to Chairman of the Audit Committee or
e-mail on the email Id: whistleblower@tridentindia.com.
Identity of the Whistle Blower shall be kept confidential
to the greatest extent possible. The detailed procedure is
provided in the policy and the same is available on official
website of the Company at following link: https://assets.
tridentindia.com/vigil mechanism policy.pdf

During the year under review, there were no instances of
fraud reported to the Audit Committee/Board.

Corporate Social Responsibility (CSR)

CSR Committee comprises of Mr. Rajiv Dewan (Chairman
of the Committee), Dr. Anthony DeSa and Mr. Deepak
Nanda as Members. The disclosure of the contents of
CSR Policy as prescribed and amount spent on CSR

activities during the year under review are disclosed
in 'Annual Report on CSR activities' annexed hereto as
‘Annexure III' and forms part of this Report.

Business Responsibility and Sustainability
Report

The CSR Committee overseas the Business Responsibility
and Sustainability Reporting of the Company. The Business
Responsibility and Sustainability Report describing
the initiatives taken from an environmental, social and
governance perspective, in the prescribed format is
included in this Annual Report of the Company.

Risk Management

The Company has adopted a Risk Management Policy with
the objective of ensuring sustainable business growth
with stability and to promote a pro-active approach in
reporting, evaluating and resolving risks associated with
the business. In order to achieve the key objective, the
policy establishes a structured and disciplined approach
to Risk Management, in order to guide decisions on risk
related issues. The Risk Management framework has
been provided in the Management Discussion and Analysis
Report of the Company and Integrated Annual Report.

Internal Financial Controls

The Company has in place adequate internal financial
controls with reference to financial statements. During the
year, such controls were tested and no reportable material
weaknesses in the design or operation were observed.

Your Company's Financial Statements are prepared on the
basis of the Significant Accounting Policies and approved
by the Audit Committee and the Board. These Accounting
policies are reviewed and updated from time to time.

These systems and controls are subjected to Internal Audit
and their findings and recommendations are reviewed by
the Audit Committee which ensures the implementation.

During the year under review, Deloitte Touche Tohmatsu
India LLP and M/s. Mahajan & Aibara were engaged as
Internal Auditors of the Company. They carried out the
internal audit of the Company's operations and reported
its findings to the Audit Committee. Internal auditors also
evaluated the functioning and quality of internal controls
and provided assurance of its adequacy and effectiveness
through periodic reporting. Internal audit was carried out
as per risk-based internal audit plan, which was reviewed by
the Audit Committee of the Company. The Audit Committee
periodically reviewed the findings and suggestions for
improvement and was apprised of the implementation
status in respect of the actionable items. For more details,
please refer 'Internal Control' section of the Management
Discussion and Analysis Report, a part of this Report.

No Default to Banks / Financial Institutions

The Company has not defaulted in payment of interest and
/ or repayment of loans to any of the financial institutions
and / or banks during the year under review.

Corporate Governance

Your Company is committed to adhere to the best practices
& highest standards of Corporate Governance. It is always
ensured that the practices being followed by the Company
are in alignment with its philosophy towards corporate
governance. The well-defined vision and values of the
Company drive it towards meeting the business objectives
while ensuring ethical conduct with all stakeholders and in
all systems and processes.

Your Company proactively works towards strengthening
relationship with constituents of system through corporate
fairness, transparency and accountability. In your Company,
prime importance is given to reliable financial information,
integrity, transparency, fairness, empowerment and
compliance with law in letter & spirit. Your Company
proactively revisits its governance principles and practices
as to meet the business and regulatory needs.

Detailed compliances with the provisions of the SEBI LODR
Regulations and the Act for the FY 2024-25 are given in
Corporate Governance Report, which forms part of the
Annual Report. The certificate of Practising Company
Secretary on compliance with Corporate Governance
norms is also annexed with the 'Corporate Governance
Report'.

Auditors & Auditors' Report

Statutory Audit

M/s S.R. Batliboi & Co. LLP, Chartered Accountants,
Statutory Auditors of the Company have submitted Auditors'
Report on the financial statements of the Company for
the financial year ended on March 31, 2025. There has
been no qualification, reservation, adverse remark or
disclaimer given by the Statutory Auditors in their Report.
The information referred to in the Auditors' Report is self¬
explanatory and do not call for any further comments.

Cost Audit

The Company is maintaining the Cost Records, as
specified by the Central Government under section 148(1)
of the Act. The Board of Directors of your Company, on
the recommendations of the Audit Committee, have re¬
appointed M/s Ramanath Iyer & Co., Cost Accountants, as
Cost Auditors for the FY 2025-26 to carry out an audit of
cost records of the Company in respect of Textiles, Paper
and Chemical divisions. The Cost Audit Report for the
financial year ended March 31, 2025 is under finalisation

and shall be filed with the Central Government within the
prescribed time limit.

Secretarial Audit

M/s Mehta & Mehta, Practising Company Secretaries,
have submitted Secretarial Audit Report for the financial
year ended on March 31, 2025 and same is annexed as
‘Annexure IV'and forms part of this Report. There has
been no qualification, reservation, adverse remark or
disclaimer given by the Secretarial Auditors in their Report.
Information referred to in the Secretarial Auditors' Report is
self-explanatory and do not call for any further comments.

Annual Secretarial Compliance Report

A Secretarial Compliance Report, pursuant to
regulation 24A of the SEBI LODR Regulations, for the FY
2024-25 on compliance with all applicable SEBI Regulations
and circulars/ guidelines issued thereunder, shall be
obtained from M/s. Mehta & Mehta, Practising Company
Secretaries, and shall be placed on the website of the
Company and be submitted to Stock Exchanges.

Further, the Indian Subsidiaries neither fall under the
criteria of secretarial audit as prescribed under Section
204 of the Act nor fall within the ambit of Annual Secretarial
Compliance Report under regulation 24A of the SEBI
LODR Regulations.

Annual Return

In terms of Section 92(3) of the Companies Act, 2013 and
Rule 12 of the Companies (Management and Administration)
Rules, 2014, the Annual Return of the Company is available
on the website of the Company at the link: https://www.
tridentindia.com/annual-reports

Particulars of loans, guarantees or
investments

The Particulars of loans, guarantees or investments have
been disclosed in the financial statements and the Company
has duly complied with Section 186 of the Act, in relation to
Loans, Guarantee and Investments, during the FY 2024-25.

Contracts or arrangements with related
parties

All contracts / arrangements / transactions entered by
the Company, during the year under review, with related
parties were in the ordinary course of business and on
arm's length basis. During the period under review, the
Company had not entered into any contract / arrangement /
transaction with related parties which could be considered
material in accordance with the Policy on Materiality and

Dealing with Related Party Transactions and hence, the
disclosures in Form No. AOC-2 is not applicable. The
related party disclosures are provided in the notes to
financial statements.

All related party transactions are placed before the Audit
Committee for its review and approval. Prior omnibus
approval of the Audit Committee are being obtained on
an annual basis for the transactions which are planned/
repetitive in nature, and omnibus approvals are taken as per
the policy laid down for unforeseen transactions. Related
party transactions entered into pursuant to the omnibus
approval so granted are placed before the Audit Committee
for its review on a quarterly basis, specifying the nature,
value and terms and conditions etc. of the transactions.
The Policy on Materiality of and Dealing with Related Party
Transactions as approved by the Board is available on the
website of the Company at the following link: https://assets.
tridentindia.com/rpt policy.pdf

Secretarial Standards

The Company has complied with all the applicable
secretarial standards issued by the Institute of Company
Secretaries of India.

Incremental Borrowings under Large
Corporate Framework of SEBI

Pursuant to Regulation 50B of SEBI (Issue and Listing
of Non-Convertible Securities) Regulations, 2021 (NCS
Regulations) read with Chapter XII of the NCS Master
Circular dated May 22, 2024 relating to 'Fund raising
by issuance of debt securities by large corporates', the
Company was not required to raise funds by way of issuance
of debt securities during the FY 2024-25.

Responsibility Statement of Directors

Directors' Responsibility Statement pursuant to the provisions
of Section 134(3)(c) read with Section 134(5) of the Act on
the annual accounts of the Company for the year ended on
March 31, 2025 is provided below:

a) In the preparation of the annual accounts, the
applicable accounting standards had been followed
alongwith proper explanation relating to material
departures from the same;

b) The Directors had selected such accounting policies
and applied them consistently and made judgements
and estimates that are reasonable and prudent so as
to give a true and fair view of the state of affairs of
the Company as at end of the financial year and of the
profit/loss of the Company for that period;

c) The Directors had taken proper and sufficient care
for the maintenance of adequate accounting records
in accordance with the provisions of this Act for
safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities;

d) The Directors had prepared the annual accounts on a
going concern basis;

e) The Directors had laid down internal financial controls
to be followed by the Company and that such internal
financial controls are adequate and were operating
effectively; and

f) The Directors had devised proper systems to ensure
compliance with the provisions of all applicable
laws and that such systems were adequate and
operating effectively.

General

a) During the year under review, your Company has
neither accepted any fixed deposits nor any amount
was outstanding as principal or interest as on
balance sheet date and disclosures prescribed in this
regard under Companies (Accounts) Rules, 2014 are
not applicable.

b) The Company has zero tolerance for sexual
harassment at workplace and has adopted a policy
on prevention, prohibition and redressal of sexual
harassment at workplace in line with the provisions
of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013 and
the Rules thereunder for prevention and redressal
of complaints of sexual harassment at workplace.
Internal Complaints Committee (ICC) has been set
up to redress complaints received regarding sexual
harassment. All women employees (permanent,
contractual, temporary, trainees) are covered under
this policy. During the year, no complaints were
received by the Company under Sexual Harassment
of Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013.

Further, the Company has also complied with all the
provisions relating to the Maternity Benefits Acts, 1961.

c) All Policies as required under the Act or the SEBI
LODR Regulations are available on the website of the
Company i.e. https://www.tridentindia.com/. Links of
the Policies are provided in the 'Corporate Governance
Report', which forms part of this report.

d) Your directors state that no disclosure or reporting is

required with respect to the following items as there

were no transactions on these items during the year

under review:

• Material changes and commitments after the
closure of the financial year till the date of this
Report, which affects the financial position of
the Company.

• Change in the nature of business of the Company.

• Issue of equity shares with differential rights as to
dividend, voting or otherwise.

• Issue of sweat equity shares to its directors
or Employees.

• Any remuneration or commission received by
Managing Director of the Company, from any of
its subsidiary.

• Significant or material orders passed by the
Regulators or Courts or Tribunals which impact
the going concern status and Company's operations
in future.

• No fraud has been reported by the Auditors to the
Audit Committee or the Board.

• No application has been made under the Insolvency
and Bankruptcy Code; hence the requirement to
disclose the details of application made or any
proceeding pending under the Insolvency and
Bankruptcy Code, 2016 during the year alongwith
their status as at the end of the financial year is not
applicable; and

• The requirement to disclose the details of difference
between amount of the valuation done at the time
of onetime settlement and the valuation done while
taking loan from the Banks or Financial Institutions
along with the reasons thereof, is not applicable.

Human Resources Development and
Industrial Relations

The human resources development function of the Company
is guided by a strong set of values and policies. Your
Company strives to provide the best work environment with
ample opportunities to grow and explore. Your Company
maintains a work environment that is free from physical,
verbal and sexual harassment. The details of initiatives
taken by the Company for development of human resources

are given in 'Management Discussion and Analysis Report'
forms a part of this Report.

The Company maintained healthy, cordial and harmonious
industrial relations at all levels during the year under review.

Acknowledgements

It is our strong belief that caring for our business
constituents has ensured our success in the past and will
do so in future. Your Directors acknowledge with sincere
gratitude the co-operation and assistance extended by the

Central Government, Government of Punjab, Government
of Madhya Pradesh, Financial Institution(s), Bank(s),
Customers, Dealers, Vendors and Society at large.

Your Directors also wish to convey their appreciation for
collective contribution & hard work of employees across all
levels. The Board also takes this opportunity to express its
deep gratitude for the continued co-operation and support
received from its valued shareholders and their confidence
in management and look forward to their continued support
in future too.

For and on behalf of the Board

Rajiv Dewan Deepak Nanda

Date: May 21, 2025 Director Managing Director

Place: New Delhi DIN: 00007988 DIN: 00403335