Trident Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017

1. The Company adopted Indian Accounting Standard ("Ind AS") from April 1, 2016 and accordingly these financial results have been prepared in accordance with the recognition and measurement principles stated therein, prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS.

2. Reconciliation of the comprehensive income to those reported under previous Generally Accepted Accounting Principles (GAAP) are summarised as follows: For Table, kindly refer Corporate Announcements on www.bseindia.com.

3. Reconciliation of the equity to those reported under previous Generally Accepted Accounting Principles (GAAP) are summarised as follows: For Table, kindly refer Corporate Announcements on www.bseindia.com.

* In accordance with IND AS 101, the Company has carried out fair value of all its land and the resultant increase of INR 76,840.1 Lacs (net of deferred tax) has been credited to the Other Equity.

4. The Board of Directors has recommended a final dividend of 3% (INR 0.30 per Equity Share of INR 10/- each) for the financial year 2016-17 subject to the approval of the shareholders in the forthcoming Annual General Meeting of the Company. This final dividend is in addition to the two interim dividends of 6% each (INR 0.60 per Equity Shares of INR 10/- each) declared during the financial year 2016-17. The total dividend for the financial year 2016-17 is 15% (INR 1.50 per Equity Shares of INR 10/- each). Also the dividend on 6% Unlisted Non-convertible, Cumulative, Redeemable Preference Shares of INR 10/- each aggregating to INR 3,07,70,492 has been paid during the financial year 2016-17 on pro-rata basis, from the date of issue till the date of redemption.

5. Subsequent to quarter end, the Company has allotted 16,307 equity shares to the Employees of the Company on May 9, 2017 pursuant to exercise of options in terms of Trident Employee Stock Options Plan, 2007. Consequent to this allotment, the Paid Up Equity Share Capital of the Company stands increased to INR 5,095,955,670 (Rupees five hundred nine crore fifty nine lacs fifty five thousands six hundred seventy only).

6. The above results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors in their respective meetings held on May 9, 2017.

7. The figures of last quarter are the balancing figures between audited figures in respect of full financial year and the published year to date figures upto the third quarter of the financial year. The previous financial period figures have been regrouped/rearranged wherever necessary to make them comparable.