Respecting the request received from Rajinder Gupta to relieve him from the duties of the Chairman of the Trident Limited, the board commended the unparalleled contribution of the founder in building the company and graced the decision of prioritizing health care and family commitments.
Rajinder Gupta while expressing his desire to step down from the position said that after devoting over three decades at Trident Limited, he requested the Board of Directors to relieve him and support to prioritize his overall health and wellbeing. His family will also be with him to rebuild his physical and emotional well-being.
The outgoing Chairman expressed his gratitude to the board and shareholders for supporting him over the past three decades and trusting him to build Trident Limited. He said, he is hopeful that he would be able to serve once he regain his physical and emotional fitness. He thank once again, with a humble heart and memories of some passionate years during which a distinguished journey of overcoming many challenges with unmatched determination with the teamwork was witnessed by the world while we built Trident together and has brought it on the Global Map and we have become a notable contributor in our country's growth and prosperity and have full confidence in the new professional Board that Trident will accomplish greater heights in times to come.
The Board and the Nomination and Remuneration Committee today approved to broad base & restructuring of Company's Board of Directors (the "Board") by induction of two Independent Directors, one Non-Independent Director and five Professional Managing Directors on the Board in addition to the existing Directors. This strategic move shall accelerate the growth momentum of the Company, thereby placing the Company in an upward trajectory, adding value & growth for the shareholders.
The Board has been broadened based on Management Infrastructure aligned with Business verticals i.e., Bed Linen, Bath Linen, Yarn,Paper & Chemicals. There shall be business wise KPIs and Balanced Score Cards (BSC) for each business which shall empower businesses to become independently progressive and profitable which in turn catapults the overall growth of the company.
Rajibder Gupta graciously welcomed the reconstituted board with full confidence and encouraged the members to take the company to greater heights, he said that keeping in view the reconstitution of Board of Directors of the Company, he is of the firm opinion that the Company is in right hands of seasoned and skilled Directors with optimum mix of executive & Independent Directors. He added that he wish the succeeding leadership team who is very much capable and well-groomed to sustain growth and he look forward to hearing of the continued success of Trident Limited.
The broad base of the Board shall empower respective Business Managing Directors to drive strategy and lead business in sync with the vision of the company.
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