We wish to inform to the Exchange that TRIDENT MEDIQUIP LIMITED (TML) (CIN: U33309GJ2019PLC110421), a subsidiary company has made Private Placement of equity shares to other shareholders. ....
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Trident Lifeline Ltd's subsidiary, Trident Mediquip Limited (TML), has allotted equity shares to other shareholders via a private placement. As a result, Trident Lifeline's holding in TML has come down marginally from 59.17% to 58.84%, though TML remains a subsidiary. TML operates in the medical device industry with a paid-up share capital of Rs. 9.97 crore and has shown strong turnover growth — from Rs. 20.58 crore in FY24 to Rs. 21.29 crore in FY25 and Rs. 27.31 crore in FY26. The transaction involves related parties (promoter group members/directors' relatives) and has been carried out at arm's length.
This is a routine subsidiary-level capital infusion that causes only a minor dilution (0.33%) in Trident Lifeline's stake. The growing turnover of TML is a positive sign for the group's consolidated performance, and the dilution impact on the listed entity is negligible.