Allotment of 49800 Equity Shares of Rs. 10/- each upon conversion of Warrants.
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Awaiting price reaction for this filing.
Trident Lifeline has allotted 49,800 equity shares of Rs. 10 each to Hardik Desai Family Trust (promoter group) upon conversion of an equal number of warrants. The conversion price was Rs. 266 per share (including a Rs. 256 premium), and the company received Rs. 99.35 lakh as the balance 75% payment from the warrant holder. After this allotment, the company's paid-up equity capital has increased to Rs. 11.64 crore, comprising 1,16,42,000 equity shares. Out of the original 9,94,200 warrants issued in June 2025, 1,39,200 warrants are still pending conversion. Separately, Mrs. Maniya H Desai has resigned as Non-Executive Director citing personal reasons, effective November 21, 2025.
This is a promoter-driven equity infusion with no impact on retail shareholders' ownership percentage, as the warrants were issued on a preferential basis to the promoter group. Minor dilution from pending warrant conversions (1,39,200 shares) is still possible. The director resignation appears routine and unrelated to business matters.