The Board of directors in their meeting held on today, have accepted Resignation of Mrs. Maniya H Desai as Non Executive Director w.e.f. November 21, 2025.
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Awaiting price reaction for this filing.
Trident Lifeline's Board, at its meeting on November 21, 2025, approved the conversion of 49,800 warrants into equity shares held by Hardik Desai Family Trust at Rs. 266 per share, bringing in Rs. 99.35 lakh as the balance 75% payment. With this allotment, the company's paid-up equity share capital increased to Rs. 11.64 crore, comprising 1,16,42,000 shares of Rs. 10 face value. Separately, Mrs. Maniya H Desai (DIN: 05351685) resigned as Non-Executive Director citing personal reasons, with the Board accepting her resignation effective the close of business hours on November 21, 2025. She confirmed no other material reasons for her exit, and the resignation letter is attached to the filing.
The warrant conversion strengthens the company's capital base with promoter-group support, a mildly positive signal of promoter confidence. The director exit is a routine personal-reason resignation with no governance red flags, unlikely to materially affect the stock.