The equity shareholders, secured creditors and unsecured creditors of Trident Limited unanimously approved the “Scheme of amalgamation of Trident Corporation Limited with Trident Limited and their respective shareholders and creditors” in their separate meetings held on January 25, 2014 pursuant to the order dated December 18, 2013 of the Hon’ble Punjab and Haryana High Court at Chandigarh. Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Limited said:
“Our performance this quarter has been heartening given the continued momentum in revenues as well as progress on several strategic initiatives. Greater economies of scale arising from balanced growth across all our business lines coupled with an improving product mix has led to margin expansion.
Trident Limited, flagship Company of USD 1 billion Trident Group and leading manufacturer and exporter of Textiles & Paper products, announced #
The outlook remains strong due to a vastly improved macro-economic scenario for the textile industry. We believe we are well placed to capitalize on the opportunity given our diverse product-mix and value offerings to our entrenched global clientele. The increased capacity allows headroom for incremental growth.
The resultant operating leverage from increased utilization combined with prudent financial management should result in sustainable improvements in profitability and value creation for all stakeholders.”
Trident Limited