Trident Limited announced that its Chief Financial Officer (CFO), Mr. Avneesh Barua, has tendered his resignation from the position. The resignation is attributed to personal reasons stated in his resignation letter. Consequently, his last working day with the organization will be May 29, 2026. The company has acknowledged the communication and noted that the relieving formalities will be completed accordingly.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Barua served as a Key Managerial Personnel and Senior Management Personnel during his tenure. The company provided specific details regarding the change in its leadership structure in a filing submitted to the exchanges.

Details of Resignation

The following table outlines the key particulars of the resignation as per the regulatory filing:

Future Appointment

Trident Limited confirmed that it will make the necessary intimation to the stock exchanges regarding the appointment of a new Chief Financial Officer. This announcement will be made in accordance with applicable regulatory requirements to ensure compliance with listing obligations.

Trident Limited has announced the declaration of its first interim dividend for the financial year 2026-27. The Board of Directors, in a meeting held on May 19, 2026, approved a dividend of INR 0.50 per fully paid-up equity share with a face value of INR 1 each. This payout translates to 50% of the equity share's face value.

The dividend will be disbursed to shareholders whose names are recorded in the Register of Members or Beneficial Owner (Benpos) accounts as of the record date, which is set for May 23, 2026. Shareholders are advised to ensure their holdings are updated to receive the payout.

TDS Provisions for Shareholders

The company has outlined the Tax Deducted at Source (TDS) implications under the Income-tax Act, 2025. Dividend income is taxable in the hands of shareholders, and the applicable TDS rates vary based on the shareholder's residency status and documentation provided.

Resident Shareholders

For resident shareholders, the standard TDS rate is 10%. However, this rate increases to 20% if the shareholder's Permanent Account Number (PAN) is unavailable, invalid, or inoperative. TDS is not applicable if the total dividend income during the financial year does not exceed INR 10,000, or if the shareholder submits valid Forms 121 (corresponding to Forms 15G/15H).

Specific categories of resident shareholders, such as Mutual Funds, Insurance Companies, and Alternative Investment Funds (Category I and II), are subject to a NIL TDS rate upon submission of required documents.

Non-Resident Shareholders

Taxes for non-resident shareholders are withheld at 20%, plus applicable surcharge and cess, unless a beneficial rate under the Double Tax Avoidance Agreement (DTAA) is claimed. To avail of DTAA benefits, non-resident shareholders must submit documents such as a Tax Residency Certificate (TRC), Form 41, and a self-declaration by May 26, 2026.

Documentation and Compliance

Trident Limited has requested shareholders to submit necessary documentation to KFin Technologies Limited, the Registrar and Transfer Agent, by May 26, 2026, to ensure the correct tax rate is applied. Failure to provide these documents may result in a higher tax deduction, for which the company will not be liable.

Additionally, shareholders holding physical shares are reminded to update their KYC details, including PAN and bank account information, to receive dividend payments. As per SEBI mandates, dividends for folios with incomplete KYC will be withheld until compliance is achieved.