Trident Lifeline boosts capital through warrant-to-equity conversion

Trident Lifeline Limited announced on December 27, 2025, the allotment of 135,000 fully paid-up equity shares with a face value of Rs. 10/- each, following the conversion of an equal number of warrants. This action increases the company’s issued, subscribed, and paid-up equity share capital to Rs. 1,19,330,000, comprising 11,933,000 equity shares. The newly allotted shares will rank pari-passu with existing equity shares.

The conversion resulted from warrant holders paying the remaining 75% of the issue price, amounting to Rs. 199.50 per warrant. The total amount received from this conversion for the 135,000 warrants was Rs. 2,69,32,500. Two warrant holders, Maniya H Desai and Rupaben Chetan Jariwala, converted 88,200 and 46,800 warrants, respectively, at an issue price of Rs. 266/- per share (including a premium of Rs. 256/-).

This allotment fulfills the terms of the preferential basis issuance of 994,200 fully convertible warrants announced on June 9, 2025, where 25% of the issue price (Rs. 66.50 per warrant) had been previously paid by allottees. The board meeting approved these conversions.