Trident Lifeline Board approves ₹57.98 Cr Preferential Allotment

Trident Lifeline Ltd's Board of Directors, in a meeting held on October 05, 2026, approved a preferential allotment of equity shares and fully convertible warrants. The company plans to issue 1,222,200 equity shares at ₹336.60 each, aggregating to ₹41,13,92,520 (₹41.14 Crore), to the public category. Additionally, 500,400 fully convertible warrants will be issued at ₹336.60 each, totaling ₹16,84,34,640 (₹16.84 Crore), to Promoter/Promoter Group & Non Promoter/Public. The board also approved the alteration of the Articles of Association to include provisions for warrant issuance. An Extra-Ordinary General Meeting (EGM) is scheduled for October 27, 2026, to seek shareholder approval for these proposals.