Corporate Action5 Oct 2026, 01:50 pm
Trident Lifeline Board Approves Preferential Issue & AoA Alteration
AI Summary
Trident Lifeline Ltd's Board of Directors has approved a preferential issue of 12,22,200 equity shares and up to 5,00,400 warrants. The equity shares will be issued at ₹336.60 each, aggregating ₹41.14 Crore. The warrants, also at ₹336.60 each, are convertible into equity shares and can raise up to ₹16.84 Crore. This is subject to shareholder approval at an Extra-Ordinary General Meeting (EGM) scheduled for October 27, 2026. The Board also approved altering the Article of Association to facilitate the issuance of warrants. NSDL has been appointed as the Remote E-Voting Agency for the EGM.
Key Highlights
- Board approves preferential issue of equity shares and warrants.
- Total fundraising potential from equity and warrants is ₹57.97 Crore.
- Alteration of Article of Association to include warrant issuance approved.
- Shareholder approval to be sought at EGM on October 27, 2026.
- NSDL appointed as Remote E-Voting Agency for EGM.
Price Impact
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