Allotment of 135000 Equity Shares of Rs. 10 each upon conversion of warrants
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Trident Lifeline has converted 1,35,000 warrants into equity shares of Rs. 10 face value at an issue price of Rs. 266 per share (including a premium of Rs. 256). Two warrant holders — Maniya H Desai (88,200 shares) and Rupaben Chetan Jariwala (46,800 shares) — paid the remaining 75% of the issue price, bringing in Rs. 2.69 crore to the company. These warrants were originally issued on a preferential basis in June 2025 at Rs. 266 each, with only 25% paid at that time. After this allotment, the company's paid-up equity share capital rises to Rs. 11.93 crore, comprising 1,19,33,000 shares.
This is a routine conversion of previously issued warrants into shares, with no new dilution beyond what was already disclosed in June 2025. The Rs. 2.69 crore inflow strengthens the company's cash position but is a small amount relative to its capital base.