Allotment of 100200 Equity Shares of Rs. 10/- each upon conversion of Equal number of warrants
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Trident Lifeline Ltd has allotted 100,200 equity shares (face value Rs. 10 each) at an issue price of Rs. 266 per share (including Rs. 256 premium) following the conversion of an equal number of warrants. Two warrant holders exercised the conversion — Hardik Desai Family Trust (89,400 shares) and Maniya H Desai (10,800 shares) — and paid the balance 75% of the issue price, bringing in approximately Rs. 2 crore to the company. After this allotment, the company's paid-up equity capital has risen to about Rs. 11.80 crore, consisting of 1,17,98,000 equity shares. A total of 88,200 warrants remain pending for future conversion.
This is a routine follow-up to the earlier June 2025 preferential warrant issue, so the share price impact is limited to mild dilution. New shares will rank equally with existing ones; existing shareholders should note the small equity base expansion and the remaining warrants that could convert later.