Trident Lifeline Allots 24,000 Equity Shares on Warrant Conversion

Trident Lifeline Ltd has allotted 24,000 equity shares of face value Rs. 10 each at an issue price of Rs. 266 per share (including a premium of Rs. 256) upon conversion of an equal number of warrants. The company received Rs. 47,88,000 for this conversion, representing 75% of the issue price per warrant. This allotment increases the company's issued, subscribed, and paid-up equity share capital to Rs. 11,98,10,000, comprising 11,981,000 equity shares. The new shares rank pari-passu with existing equity shares. The conversion was executed by one warrant holder, Vishal Bhupendra Halvawala, who still has 24,000 warrants pending for conversion.