Accordingly, Trident Global B.V. shall be a step-down subsidiary of the company.
Trident Global B.V., is intended to carry out the wholesale business of textiles, paper, nonfood consumer good and clothing accessories.
Headquartered in Punjab, Trident is vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer and is one of the largest players in home textile space in India. The company operates in two major business segments: textiles and paper with its manufacturing facilities located in Punjab and Madhya Pradesh.
The company's consolidated net profit slipped 27.9% to Rs 130.66 crore on 15.9% decline in revenue from operations to Rs 1,573.25 crore in Q4 FY23 over Q4 FY22.
The scrip rose 0.30% to currently trade at Rs 33.64 on the BSE.
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