The board will, inter alia, approve audited standalone and consolidated results for FY26 and consider a dividend for the financial year. It will also evaluate a proposal for issuance of bonus shares, subject to shareholder approval.
Alongside this, the company will consider enabling an employee stock option plan (ESOP) for eligible employees across the company and its subsidiaries, as well as seek approval for raising funds through a rights issue or other permissible modes.
The agenda also includes the issuance and allotment of 740 equity shares linked to legacy rights issues undertaken in 2005, 2007 and 2010, which were previously kept in abeyance due to a title dispute.
Notably, the company has never declared a bonus issue before. In 2016, it had undertaken a stock split, subdividing one share of face value ₹10 into 10 shares of face value ₹1.
Shares of Trent are down 51% from their October 2024 peak of ₹8,345. The stock closed at ₹4,105.95 on the BSE, up 0.53% on the day.
Also Read: Trent share price target cut by HSBC but sees Zudio-led growth to sustain
The trading window for the company remains closed from March 25 to April 24 under its insider trading code.
