Allotment of 49800 Equity Shares of Rs. 10/- each upon conversion/ exchange of equal number of warrants.
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Trident Lifeline's board, at its meeting on November 21, 2025, approved the conversion of 49,800 warrants into 49,800 fully paid-up equity shares of Rs. 10 each at an issue price of Rs. 266 per share (including a Rs. 256 premium). The warrants were originally allotted on a preferential basis in June 2025 at the same price, and the warrant holder (Hardik Desai Family Trust, a promoter entity) has now paid the remaining 75% balance of Rs. 199.50 per warrant, aggregating to Rs. 99.35 lakh. Post this allotment, the company's paid-up equity share capital has risen to Rs. 11.64 crore, consisting of 1,16,42,000 equity shares. The new shares will rank pari-passu with existing shares. Separately, Non-Executive Director Mrs. Maniya H Desai resigned citing personal reasons, effective from the close of business hours on November 21, 2025.
The warrant conversion results in a modest equity dilution (~0.43% increase in share count) with promoter-aligned capital infusion, generally a neutral-to-slightly-positive signal as it brings committed promoter funds onto the books. The director resignation is routine and for personal reasons with no material concerns flagged.