Allotment of 135000 Equity Shares of Rs. 10/- each upon conversion/ exchange of equal number of warrants
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Trident Lifeline Ltd has allotted 135,000 equity shares (face value Rs. 10 each) at an issue price of Rs. 266 per share (including a premium of Rs. 256), following the conversion of an equal number of warrants. This brought in Rs. 2.69 crore from two warrant holders — Maniya H Desai (88,200 shares) and Rupaben Chetan Jariwala (46,800 shares). These warrants were originally issued on June 9, 2025, on a preferential basis, where 25% of the issue price was paid upfront and the remaining 75% was paid upon conversion. As a result of this allotment, the company's paid-up equity share capital has increased to Rs. 11.93 crore, comprising 1,19,33,000 equity shares. The newly issued shares will rank pari-passu with existing equity shares.
Minor dilution for existing shareholders as the share count rises to 1.19 crore equity shares, but the company receives Rs. 2.69 crore of fresh capital from the warrant holders exercising their conversion option, reflecting promoter/insider confidence at a premium price.