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) at 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, with warrant holders having already paid 25% upfront; the remaining 75% (Rs. 1,11,32,100 in total) has now been received upon conversion. Two warrant holders converted — Hardik Desai Family Trust (49,800 shares) and Ruchi Simlote (6,000 shares). Consequently, the company's paid-up equity share capital has increased to Rs. 11,69,78,000 comprising 1,16,97,800 equity shares, with the new shares ranking pari-passu with existing ones.
This is a routine warrant-to-equity conversion with no fresh capital raised beyond what was already committed. Minor dilution of ~0.48% in share count; minimal impact on stock price expected as the funds were already anticipated.