Outcome of Nomination and Remuneration Committee & Board Meeting

Trident Ltd has informed BSE that the meetings of Nomination and Remuneration Committee / Board of Directors of the Company held on October 06, 2014, has transacted the following:

1. The Nomination and Remuneration Committee has approved allotment of 400,502 (four lacs five hundred two) equity shares to the Employees of the Company pursuant to exercise of options in terms of Trident Employee Stock Options Plan, 2007.

2. The Board has approved allotment of 3 crore Equity Shares to Trident Industrial Corp Limited, a Promoter Group entity and 3 crore Equity Shares to Rainbow Integrated Texpark Limited, a Non Promoter entity pursuant to exercise of conversion option attached to convertible warrants issued on preferential basis on September 30, 2013, in accordance with SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009.

Consequent to these allotment, the Paid Up Equity Share Capital of the Company stands increased to Rs. 5,084,943,090/- (Rupees five hundred eight crore forty nine lac forty three thousand ninety only).

Source : BSE - >www.bseindia.com

Published on October 07, 2014
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