Trident has entered into an Agreement with HT Media (HT) for advertising in Print Publications for a period of two years. Neither HT nor any of its associates have any shareholding in the Company. Further, Trident has not entered into any other back to back treaties/contracts/agreements/ MoUs or similar instruments with HT and/or its associates for the purpose of advertising, publicity, etc.
Further, the agreement does not contain any clause, by virtue of which HT can appoint any nominee Director on the Board of the Company; or can exercise any management control; or have any potential conflict of interest arising out of such agreement.
Trident is the flagship company of the Trident Group. It is one of the largest towel manufacturers of the world, one of the world's largest agro-based paper manufacturers and one of the largest yarn producers in India.