Conversion of 96,287 warrants into 96,287 equity shares of face value of Rs. 10/- each.
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Awaiting price reaction for this filing.
Trident Texofab's board approved the conversion of 96,287 warrants into an equal number of equity shares at Rs. 70 per share (including a Rs. 60 premium). These warrants were originally allotted on December 23, 2024, on a preferential basis to four non-promoter public allottees — Bareja Ashokbhai (33,334 shares), M H Dalwani (10,000), Agresh Goyal (5,334), and Jinesh Kamal Jain (47,619). The company received Rs. 50.55 lakh as the balance 75% payment from the allottees. Following this conversion, the paid-up equity capital of the company has increased to Rs. 14.06 crore, consisting of 1,40,63,380 equity shares. There are still 18,43,863 warrants pending for conversion within 18 months of the original allotment.
This is a routine dilution event — the share count goes up by 96,287 (about 0.7% of expanded capital), which is mild. No fresh cash inflow to the company beyond the balance 75% already committed. Short-term share price may see minor technical pressure due to increased float.