Trident Limited , a prominent Indian textile manufacturer, has received a significant reprieve from the Goods and Services Tax (GST) authorities. The company announced that tax demand proceedings worth ₹518.66 crore, related to the financial years 2018-19 and 2020-21, have been dropped by the GST authorities.

GST Relief Details

According to a regulatory filing by Trident, the Office of the Principal Commissioner, Central Goods and Services Tax, Commissionerate, Ludhiana, has issued an order dropping the proceedings initiated under a Show Cause Notice. The order effectively nullifies the alleged demand of tax dues amounting to ₹518.66 crore along with associated interest and penalties.

Reasons for Relief

The GST authorities cited two primary reasons for dropping the tax demand:

1. No suppression of outward tax liability was found on account of variance between E-way Bills and GST returns.
2. It was determined that Input Tax Credit (ITC) had been correctly availed by the company.

As a result of these findings, the order stated that "No further action is warranted in this matter."

Financial Implications

Trident has confirmed that the dropping of the tax demand has no financial impact on the company. This resolution eliminates a significant potential liability from the company's books, providing clarity and stability to its financial position.

Company's Response

In its disclosure, Trident expressed satisfaction with the order. The company views this development as a positive outcome, resolving a substantial tax dispute that had been hanging over its operations.

Regulatory Compliance

The company made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was shared with both the National Stock Exchange of India Limited and BSE Limited, where Trident's shares are listed.

This resolution of the GST dispute marks a significant milestone for Trident, removing a major regulatory uncertainty and potentially boosting investor confidence in the company's compliance and financial management practices.

Trident Limited , a leading Indian conglomerate in the textile and paper industry, has made a significant move to expand its business portfolio. The company has successfully acquired a 30.42% stake in Trident Global Corp Limited, investing a substantial sum of INR 249.99 crore.

Investment Details

On September 9, 2025, Trident Limited was allotted 2,23,21,428 equity shares of Trident Global Corp Limited. This strategic investment follows the board's approval for an investment of up to INR 250.00 crore, which was previously communicated to shareholders on September 2, 2025.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, Trident Limited has duly informed the National Stock Exchange of India and BSE Limited about this significant development. The company's disclosure, dated September 10, 2025, provides transparency to shareholders and regulatory bodies regarding the investment.

Company Background

Trident Limited, headquartered in Ludhiana, Punjab, is a vertically integrated textile and paper manufacturer. The company operates in three major business segments:

• Textile (Yarn, Bath & Bed Linen)
• Paper (Wheat Straw-based)
• Chemical

With manufacturing facilities in Punjab and Madhya Pradesh, Trident has established itself as one of the largest players in home textiles in India.

Shareholder Engagement

In a separate but noteworthy development, Trident Limited has also announced a special initiative for its shareholders. As part of the Festive Season 2025 celebrations, the company has sent special discount vouchers to its shareholders for the purchase of Trident products. Shareholders can enjoy a 40% discount on the company's premium e-commerce platform, myTrident, using a unique coupon code shared via their registered email addresses.

This investment in Trident Global Corp Limited, coupled with shareholder-centric initiatives, underscores Trident Limited's commitment to growth and stakeholder value creation. As the company continues to expand its footprint, investors and market watchers will be keen to observe how this strategic move contributes to Trident's overall business strategy and financial performance in the coming quarters.