Hot Pursuit     19-Jun-23
Trident arm incorporates subsidiary in Netherlands
Trident said that its wholly owned subsidiary, Trident Home Textiles has incorporated a wholly owned subsidiary namely 'Trident Global B.V.' on 15 June 2023 in Netherlands.
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.

Previous News
  Trident consolidated net profit rises 142.60% in the September 2023 quarter
 ( Results - Announcements 15-Nov-23   16:16 )
  Trident to convene board meeting
 ( Corporate News - 02-Jul-24   09:39 )
  Trident announces resignation of two senior management personnel
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  Trident appoints Samir Joshipura as CEO, KMP
 ( Hot Pursuit - 20-Feb-24   15:55 )
  Trident Home Textiles invest additional Euro 5000 in subsidiary - Trident Global B.V.
 ( Corporate News - 05-Feb-24   19:02 )
  Trident appoints Chief ESG
 ( Corporate News - 20-Feb-24   15:25 )
  Board of Trident recommends First Interim dividend
 ( Corporate News - 20-May-24   09:39 )
  Board of Trident approves change in directorate
 ( Corporate News - 18-Jan-22   15:53 )
  Trident consolidated net profit rises 88.22% in the December 2021 quarter
 ( Results - Announcements 18-Jan-22   17:17 )
  Board of Trident recommends interim dividend
 ( Corporate News - 25-May-23   15:50 )
  Trident appoints CEO
 ( Corporate News - 20-Feb-24   15:24 )
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