Conversion of 96,287 warrants into 96,287 equity shares of face value of Rs. 10/- each.
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Trident Texofab's board approved the conversion of 96,287 warrants into an equal number of equity shares of Rs. 10 face value, allotted to 4 non-promoter public allottees on a preferential basis. The shares were issued at Rs. 70 each (including a premium of Rs. 60 per share), with the company receiving the balance 75% amount of Rs. 52.50 per warrant, totalling Rs. 50.55 lakh. After this conversion, the company's paid-up equity capital has increased to Rs. 14.06 crore, comprising 1.40 crore equity shares. About 18.43 lakh warrants from the original December 2024 allotment are still pending conversion within the 18-month window.
This is a routine warrant-to-equity conversion that mildly dilutes existing shareholders by adding 96,287 new shares, while bringing in Rs. 50.55 lakh of additional capital. The dilution impact is minimal given the small size relative to the existing 1.40 crore share base.