Trident Texofab is planning to borrow or raise fund by issue of Unlisted Secured Redeemable Non-Convertible Debentures (NCDs) for value up to Rs 12 crore at face value of Rs 1000 each in terms of Section 42 and 71 of the Companies Act 2013, read with relevant rules and SEBI Regulations.
The company is also planning to borrow or raise fund by issue of Unlisted Unsecured Compulsorily Convertible Debentures for value up to Rs 18 crore at face Value of Rs 1000 each. Meeting of the Board of Directors of the Company is scheduled to be held on September 26, 2022 to consider 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.
