Board Meeting16 Oct 2026, 02:09 pm
Trident Lifeline Board Approves Preferential Issue of Shares & Warrants
AI Summary
Trident Lifeline Ltd's Board of Directors met on October 16, 2026, to approve a preferential issue of 12,22,200 Equity Shares and 5,00,400 Warrants. The funds raised will be utilized for working capital requirements (₹4,211.97 Lacs / ₹42.12 Crore), investments in subsidiaries/associates/joint ventures (₹2,056.96 Lacs / ₹20.57 Crore), and business expansion/general corporate purposes (₹1,028.97 Lacs / ₹10.29 Crore). The board also approved issuing a corrigendum to the EGM notice to shareholders reflecting these changes.
Key Highlights
- Board approves preferential issue of equity shares and warrants.
- Funds to be used for working capital and investments.
- Business expansion and general corporate purposes also funded.
- Corrigendum to EGM notice to be issued to shareholders.
Price Impact
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