Trent Ltd has announced that its board will meet on April 22 to consider a bonus issue of shares, pending shareholder approval. The meeting will also address multiple proposals, including recommending a dividend and enabling an employee stock option plan. The company aims to raise additional funds through equity shares or a rights issue. Recently, Trent reported a 20% year-on-year revenue growth, reaching ₹4,937 crore. However, its stock has faced significant pressure, falling over 20% in the past year and more than 50% from its peak of ₹8,345. Analysts attribute this decline to store over-densification, particularly from aggressive expansion through its Zudio brand, leading to competition among closely located stores. For the fourth quarter, analysts expect a decline in operating profit, with Goldman Sachs projecting an 18% sales growth driven by like-for-like growth. Concerns regarding competition and potential cannibalization have led Citi to issue a Sell rating on the stock.