Announced Thu, 2 Jul · 17:35 IST
Trident Texofab forfeits 9.11 lakh warrants; Rs 1.60 crore upfront money lapsed
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.1%1-day move
₹36.00
prior close
₹36.48
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-6.1-9.0-11.1-8.6-8.2-11.1-13.3———
Up moveDown movePending
AI summary
On 02.07.2026, the Board approved forfeiture of 9,11,479 warrants out of 58,37,143 warrants allotted on 23.12.2024 at Rs 70 each on preferential basis. Warrant holders failed to pay the balance 75 percent within 18 months by 22.06.2026. Upfront amount of Rs 1,59,50,882.50 (25 percent of issue price) stands forfeited. All outstanding warrants are now cancelled. No change in equity share capital.
Likely market impact
Forfeited Rs 1.60 crore becomes company income. No equity dilution since shares were never issued. Negligible impact for existing shareholders.