Corporate Action22 Apr 2026, 04:41 pm
Trent Ltd: Reclassifies Share Capital, Approves Bonus 1:2
AI Summary
Trent Ltd's board approved the reclassification of authorized share capital and alteration of the capital clause in the Memorandum of Association, subject to shareholder approval. A dividend of 600% (₹6 per share) was recommended. The board also approved a bonus share issue of 1:2. Additionally, the board approved raising up to ₹2,500 Crore through equity shares via rights issue or other permissible modes. An ESOP plan for eligible employees was adopted, and Mr. Bahram Vakil was appointed as an Additional Director.
Key Highlights
- Trent Ltd to reclassify authorized share capital, pending shareholder approval.
- Dividend of 600% (₹6 per share) recommended by the board.
- Bonus share issue approved in the ratio of 1:2, subject to shareholder approval.
- Board approves raising up to ₹2,500 Crore through equity shares.
- ESOP 2026 adopted for eligible employees, issuing 8,88,700 equity shares.