Allotment of 55800 Equity Shares of Rs. 10/- each upon conversion/exchange of Equal number of Warrants.
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Trident Lifeline Ltd has allotted 55,800 equity shares (face value Rs. 10 each) at an issue price of Rs. 266 per share, following the conversion of an equal number of warrants. These warrants were originally issued on a preferential basis on June 9, 2025 (total 9,94,200 warrants at Rs. 266 each). Two warrant holders exercised their conversion option: Hardik Desai Family Trust (49,800 shares) and Ruchi Simlote (6,000 shares), together paying Rs. 1.11 crore (the balance 75% of the issue price). After this allotment, the company's paid-up equity capital stands increased to Rs. 11.70 crore comprising 1,16,97,800 equity shares. Around 89,400 warrants from Hardik Desai Family Trust remain pending for conversion.
This is a routine conversion of warrants into equity shares, resulting in a marginal dilution of about 0.48% for existing shareholders. The new shares will rank equally with existing shares, and the incoming funds of Rs. 1.11 crore strengthen the company's equity base. The small scale of the allotment means the impact on share price should be minimal.