Trident Techlabs confirms no encumbrance on promoter shares in FY26

Trident Techlabs Limited has disclosed that its promoters and promoter group have not created any encumbrance on their shareholdings during the financial year ended March 31, 2026. This declaration was submitted to the National Stock Exchange on April 06, 2026, in compliance with Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The confirmation ensures transparency regarding the pledging or otherwise encumbering of shares by the promoters.

Sukesh Chandra Naithani, Whole-Time Director, CEO & CFO, provided the declaration on behalf of all promoters and the promoter group. The disclosure confirms that neither the promoters nor persons acting in concert have created any direct or indirect encumbrance on the shares of Trident Techlabs Limited during the specified financial year. This filing is a mandatory annual disclosure aimed at informing the market about the status of promoter holdings.

The declaration includes detailed shareholding data for the promoter and promoter group. Sukesh Chandra Naithani holds the largest stake among the promoters, followed by Praveen Kapoor. The total promoter and promoter group holding represents a significant portion of the company's equity.

Promoter and Promoter Group Holdings

The following table outlines the shareholding details of the promoter and promoter group as of the financial year ended March 31, 2026:

Sr. No.	Name of Shareholder	Category	No. of fully paid-up equity shares held	As a % of total Share Capital	Number of Shares pledged or otherwise encumbered	As a % of total Share Capital
1.	Sukesh Chandra Naithani	Promoter	4706018	27.23	-	-
2.	Praveen Kapoor	Promoter	4472013	25.88	-	-
3.	Sant Ram Kapoor	Promoter Group	1396500	8.08	-	-
4.	Sarad Chandra Naithani	Promoter Group	1890	0.01	-	-
5.	Sonika Kapoor	Promoter Group	4725	0.03	-	-
6.	Vallari Naithani	Promoter Group	1170330	6.77	-	-

The filing confirms that none of the shares held by these individuals are pledged or otherwise encumbered. The disclosure was signed and submitted by Sukesh Chandra Naithani from New Delhi.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.15%	-12.64%	-47.55%	-59.28%	-75.09%	+21.01%

Trident Techlabs Limited reported a 27% increase in consolidated revenue to ₹97.24 crore for the year ended March 31, 2026, while consolidated profit after tax (PAT) declined 47% to ₹6.07 crore. On a standalone basis, revenue grew 26.8% to ₹97.08 crore and PAT rose over 9% to ₹12.56 crore. The decline in consolidated PAT was attributed to deliberate upfront investments in the semiconductor subsidiary and international expansion in the UAE. The company has guided for a 30% CAGR in revenue, EBITDA, and PAT over the next three years on a consolidated basis.

Financial Performance

The company strengthened its balance sheet during the year, with cash reserves improving from ₹6.48 crore to ₹19.1 crore and net worth reaching ₹68.91 crore. Despite revenue growth, standalone EBITDA margins dipped from 25% to 21% due to dollar fluctuations and increased manpower costs for new verticals. Receivables stood at approximately ₹58 crore, with the receivable days reducing from 300 to 216 days.

Operational Highlights

FY26 was a landmark year for order wins, securing a ₹17.73 crore order from DRDO, the largest defense order in the company's history. Additional orders included ₹26.95 crore from KSEB and ₹4.1 crore from BEML. The company operates across four verticals: Power Solutions, Engineering Solutions, Cybersecurity, and Semiconductor.

Vertical	Key Developments
Power Solutions	Maintained 80-90% stake in distribution utilities; shifting to service-based model.
Engineering Solutions	Restructured into EDA and CAE verticals; partnered with Keysight, DEP, and P7.
Cybersecurity	Building OEM ecosystem; focusing on AI-enabled security and audit compliance.
Semiconductor	Building team for design services; partnered with Kaynes Semicon for OSAT.

Strategic Outlook

Management emphasized a shift from a software reseller to a solution provider, targeting a 50-50 split between products and services in the power sector. The semiconductor vertical is expected to generate revenue immediately, though profitability is anticipated in three years. The company aims to reduce dependency on lumpy government orders by increasing private sector business, which currently accounts for a structured portion of revenue.