Trent Limited said on Monday, March 23, that it has scheduled a board meeting on March 26, 2026, to consider a proposal for issuing unsecured, redeemable non-convertible debentures (NCDs) of up to ₹500 crore on a private placement basis, subject to necessary approvals.
The move comes as the company’s existing 5,000 rated, listed, unsecured redeemable NCDs – aggregating ₹500 crore and issued on May 31, 2021 – are due for redemption on May 29, 2026.
These debentures are listed on the Wholesale Debt Market segment of National Stock Exchange of India.
The company said the intimation has been shared for information and record purposes and has also been made available on its website.
The Tata Group retail firm had reported a 2.7% year-on-year rise in net profit for Q3 FY26 at ₹510 crore, compared with ₹496.5 crore in the same period last year, slightly below CNBC-TV18’s poll estimate of ₹537 crore.
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Revenue grew 14.8% to ₹5,345 crore from ₹4,656 crore a year ago. EBITDA jumped 27.6% year-on-year to ₹1,081.7 crore, surpassing CNBC-TV18’s poll of ₹1,000 crore. EBITDA margin improved to 20.2% from 18.2% in Q3 last year.
As of December 31, 2025, the store portfolio comprised 278 Westside stores, 854 Zudio stores (including four in the UAE), and 32 stores across other lifestyle concepts. The total retail footprint across Trent’s fashion brands exceeded 15 million sq. ft.
Shares of Trent Limited closed down ₹202.9 or 5.7% at ₹3,356.70 on March 23 on the National Stock Exchange of India. The stock is now nearly 60% below its peak in October 2024.
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