Trent Limited announced the outcome of its 74th Annual General Meeting (AGM) held on June 23, 2026, through video conferencing. All seven resolutions proposed at the meeting were passed with the requisite majority. The meeting approved the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, and the declaration of a dividend on equity shares for FY26. The re-appointment of Mr. Venkatesalu Palaniswamy as Managing Director and the appointment of Mr. Bahram N. Vakil as Director were also approved.

The meeting, chaired by Mr. Noel N. Tata, commenced at 3.30 P.M. IST and concluded at 6.02 P.M. IST. A total of 110 members holding 22,37,86,968 shares were present. The remote e-voting period commenced on June 20, 2026, and concluded on June 22, 2026, with the facility extended for 15 minutes after the meeting. Mitesh J. Shah of M/s. Mitesh J. Shah & Associates was appointed as the Scrutinizer.

Voting Results Summary

The scrutinizer's report confirmed that the total votes polled across all resolutions exceeded 422 million shares. The detailed voting patterns for key resolutions are outlined below.

Special Business Outcomes

The special business items included the re-appointment of Mr. Ravneet Singh Gill and Ms. Hema Ravichandar as Independent Directors. While Mr. Gill's re-appointment received 99.63% approval, Ms. Ravichandar's re-appointment saw 87.34% votes in favour and 12.66% against. The appointment of Mr. Bahram N. Vakil as a Director was approved with 94.84% of the votes in favour. The statutory auditors' report and the secretarial audit report were taken as read.

Trent Limited has approved the grant of 11,13,500 stock options to eligible employees under its Employee Stock Option Plan 2026. The decision was taken by the company's Nomination and Remuneration Committee during a meeting held on June 19, 2026. This move follows shareholder approval obtained via a postal ballot on May 27, 2026.

The granted options are exercisable into an equivalent number of fully paid-up equity shares, each with a face value of ₹1. The exercise price for these options has been fixed at ₹2,652 per share. The scheme is compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Key Details of the Grant

The options will vest based on the fulfilment of performance conditions prescribed by the Nomination and Remuneration Committee. Once vested, the options can be exercised within a maximum period of one year from the date of vesting. As of the current date, no options have vested, exercised, or lapsed.

The committee's meeting commenced at 11 a.m. and concluded at 2:30 p.m. on June 19, 2026. The disclosure was submitted to the stock exchanges in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.