Retail Major Seeks Approval for Bonus Issue, Rs 85.55 Crore Capital Recast, ESOP at Rs 3,978
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Trent Limited has launched a postal ballot to approve a bonus share issue, reclassification of authorised share capital to Rs 85.55 crore, and adoption of ESOP 2026 covering up to 8,88,700 options.
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Trent Limited has initiated a postal ballot seeking shareholder approval for a Bonus issue of equity shares, adoption of the 'Trent Limited - Employee Stock Option Plan 2026' (ESOP 2026), and a reclassification of its authorised share capital.
The Board has approved reclassification of the authorised share capital to Rs 85,55,00,000 divided into 85,55,00,000 equity shares of Rs 1 each, along with a consequential amendment to Clause V of the Memorandum of Association. The move is intended to facilitate the proposed bonus issue and meet future capital requirements.
Subject to shareholder approval, the bonus issue will be implemented within two months from April 22, 2026, the date of the Board meeting that cleared the proposal. The new equity shares will be allotted only in dematerialised form. Shareholders holding shares in physical form must dematerialise them on or before May 27, 2026.
Separately, the company is seeking approval to introduce ESOP 2026, under which up to 8,88,700 stock options may be granted in one or more tranches. The options would entitle grantees to subscribe to an equivalent number of fully paid-up equity shares of Rs 1 each, representing approximately 0.25 per cent of the total issued capital as of March 31, 2026. The exercise price has been set at Rs 3,978 per option, based on the closing market price on the National Stock Exchange of India Limited on April 15, 2026.
The scheme will be administered directly by Trent and involves fresh issuance of shares. The company is also seeking approval to extend ESOP benefits to eligible employees of its group, subsidiary and associate companies.
Trent Limited is one of India's leading branded lifestyle retailers. It owns and operates Westside, Zudio and Samoh in fashion, and the Star banner in food and grocery. As of FY25, it operated 1,043 stores across 242 cities, with retail area exceeding 13 million sq. ft., and has expanded internationally with two stores in Dubai.
Disclaimer: The article is for informational purposes only and not investment advice.