Outcome of board meeting of Trident

Held on 15 May 2014

Trident announced that the Board of Directors of the Company at its meeting held on 15 May 2014, has approved the following:

1. Resignation of Dr M A Zahir as Director of the Company

2. Appointment of S K Tuteja as Additional Director [in the category of Non Executive, Independent Director] and Chairman of the Board.

3. Re-designation of Rajinder Gupta as Co-Chairman of the Board.

4. Appointment of Shakti Jindal as Company Secretary and Compliance Officer of the Company in place of Pawan Jain, due to change in his role and responsibilities.

5. Appointment of Sunny Arora as Deputy Company Secretary and Compliance Officer of the Company in place of Pawan Babbar, due to change in his role and responsibilities.

6. Appointment of Key Managerial Personnels [KMPs] pursuant to Companies Act, 2013 as under:-

- Deepak Nanda as Managing Director
- Arun Goyal as Chief Financial Officer
- Shakti Jindal as Company Secretary

7. Allotment of 136,352,000 equity shares of face value of Rs 10 each at a premium of Rs 18.61 per share as fully paid up in Trident to shareholders of erstwhile Trident Corporation whose name appeared in the Register of Members as on record date i.e. 30 April 2014, pursuant to the Scheme of Amalgamation sanctioned by the Hon'ble Punjab & Haryana High Court at Chandigarh vide its Order dated 14 March 2014. Consequent to this allotment, the paid up equity share capital of the Company has increased to Rs 447.43 crore.

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