Trident Limited has confirmed that its board of directors has approved the acquisition of MyTrident.com Limited as a domestic wholly owned subsidiary. The board meeting, held from 17:30 IST to 18:00 IST, marked a strategic expansion move for the textile company to strengthen its global market presence.

Acquisition Details

The acquisition involves purchasing the entire stake of MyTrident.com Limited from Trident Group Limited, a promoter group company, making it a related party transaction conducted at arm's length. The deal structure and financial parameters are outlined below:

Target Company Profile

MyTrident.com Limited, incorporated on October 08, 2021, is an unlisted public limited company with specific business objectives focused on trading and marketing activities. The company's financial structure reflects its early-stage status:

The target entity's primary business object encompasses trading, importing, exporting, and marketing activities, including online trading both within and outside India across all types of goods. Since its incorporation, the company has maintained nil turnover across multiple financial years.

Strategic Objectives

The acquisition serves multiple strategic purposes aligned with Trident's expansion plans. The primary objective involves establishing a domestic wholly owned subsidiary to enhance brand presence and implement comprehensive brand-building initiatives. The subsidiary will focus on selling and marketing Trident products in overseas markets, with particular emphasis on penetrating the US market.

This acquisition represents a proactive measure designed to respond effectively to changing trade environments while mitigating associated risks. The move also positions Trident to capitalize on emerging opportunities in global markets, strengthening its international footprint through dedicated marketing and distribution channels.

Regulatory and Compliance Aspects

The transaction requires no governmental or regulatory approvals, streamlining the acquisition process. The deal falls under the purview of related party transactions as defined by SEBI regulations, given the existing relationship between Trident Limited and the selling entity, Trident Group Limited.

The acquisition formalities are expected to be completed within 10 days, subject to completion of regulatory procedures, documentation, and other standard formalities. This timeline reflects the straightforward nature of the domestic acquisition and the existing corporate relationships between the parties involved.

Trident Limited has announced the resignation of Mr. Rahul Roongta from his position as Group Chief Financial Officer, effective from the closing hours of January 02, 2026. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Rahul Roongta, who served as the Group Chief Financial Officer and Senior Management Personnel, tendered his resignation citing personal reasons. The resignation was formally submitted on December 26, 2025, and became effective on January 02, 2026.

Regulatory Compliance

The company has fulfilled all mandatory disclosure requirements as per SEBI regulations. The announcement was made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Transition Process

In his resignation letter addressed to Group CEO Shri Samir Joshipura, Mr. Roongta expressed gratitude to the Senior Management, Board of Directors, and fellow team members for their support and guidance during his tenure. He requested completion of relieving formalities by January 02, 2026, which the company has accommodated.

Corporate Communication

The disclosure was signed by Company Secretary Sushil Sharma (ICSI Membership No. F6535) and communicated to both the National Stock Exchange of India Limited and BSE Limited. The company has provided verification mechanisms for stakeholders to authenticate the authority of signatories through their official website.

This leadership transition represents a significant change in Trident Limited's senior management structure, with the company ensuring full regulatory compliance throughout the process.