Trident Lifeline Limited has submitted to the exchange Scrutinizer Report.
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Trident Lifeline Limited held an Extra Ordinary General Meeting (EGM) on 09 May 2025 via video conferencing. Two special resolutions were put to vote. Resolution 1 was to increase the Authorized Share Capital and amend Clause V of the Memorandum of Association, and it was passed unanimously with 100% votes in favour (77,49,700 shares). Resolution 2 was to issue Fully Convertible Equity Warrants on a preferential basis, and it was passed with 99.98% votes in favour (77,48,500 shares) and only 1,200 votes against (0.0155%). Out of 552 shareholders on record date, only 14 attended via video conferencing (4 promoter group and 10 public).
Both special resolutions passed with overwhelming support, clearing the way for a hike in authorised share capital and a preferential issue of convertible equity warrants. Shareholders should expect a potential equity dilution once the warrants are issued and subsequently converted.