The board of directors of Trident Texofab Limited meeting held on February 1, 2018 approvred the appointment of Mrs. Ankita Jignesh Saraiya as an additional independent, non-executive director of the company with effect from February 1, 2018. Mr. Amit Bhupendra Halvawala has submitted his resignation from the post of an independent, non-executive director of the company with effect from February 1, 2018.

The board has considered the matters of setting up of manufacturing facilities of Polyester and polyester blended fabrics. It is unanimously decided to setup manufacturing facility of 300 looms in 3 phases of 100 looms each. In the phase-1, 100 water jet looms and other balancing machineries will be installed at a total project cost about INR 140 million. The project is expected to be completed by June 2018.