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Trident Texofab gets nod to increase borrowing limit

30 May 2019 Evaluate

Trident Texofab has received an approval to increase the borrowing limit under 180(1) (A) of the Companies Act, 2013 from Rs 35 crore to Rs 100 crore subject to approval of the members at ensuing AGM. The Board of Directors of the company in their meeting held on May 30, 2019, approved the same.

Trident Texofab is a multi-product fabric trading company and its range includes home furnishing, bedsheets, scarfs, pareos, suiting and shirting and technical textile fabrics, etc. Its product portfolio includes finished, unfinished fabrics and value added fabrics.

Peers
Company Name CMP
Vardhman Textiles 540.55
Welspun Living 228.65
Arvind 544.35
Raymond Lifestyle 675.45
K.P.R. Mill 1104.70
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