Trident Lifeline543616Warrant news
Board allots 24,000 equity shares on conversion of warrants
Board of the company approved allotment of 24,000 equity shares of Rs. 10/- each after an equal number of warrants were converted.
By ScoutQuest · · 2 min read
- Shares Allotted
- 24,000 equity shares of Rs. 10/- each
- Issue Price
- Rs. 266/- per share
- Balance Payment Received
- Rs. 47.88 lakh
What the Board did
- At its meeting on October 17, 2026, the Board considered and allotted 24,000 equity shares of face value Rs. 10/- each upon conversion of an equal number of warrants.
- The allotment was made at an issue price of Rs. 266/- per equity share.
- Against this, the company received Rs. 47.88 lakh, being the balance of the issue price payable when the warrant holder chose to convert.
- The newly allotted shares rank pari-passu with the existing equity shares.
Who converted
- Vishal Bhupendra Halvawala held 48000 warrants and applied for conversion of 24000 of them.
- 24000 warrants held by this allottee remain pending for conversion.
Where this fits
- The company had earlier informed about allotment of ~9.94 lakh fully convertible warrants at Rs. 266/- each, on a preferential basis, each convertible into or exchangeable for one fully paid-up equity share.
- This allotment is part of that conversion process, made on receipt of the balance payment from the warrant holder.
Effect on share capital
- The issued, subscribed and paid-up equity share capital of the company now stands at ~Rs. 11.98 crore.
- This consists of ~1.2 crore equity shares of face value Rs. 10/- each.
How a retail investor can read this
- Converting warrants into shares means more equity shares now exist than before, so each existing share represents a marginally smaller stake in the company. The conversion was already planned and disclosed earlier, and it is happening in parts.
- At the same time, the company has received Rs. 47.88 lakh as fresh funds.
- The 24000 warrants still held by the same allottee can, when exercised, bring in further shares and further payments to the company.
- The figures to track are the share count (now ~1.2 crore shares) and the warrants still outstanding, since these determine how much the share base grows over time.
Also from Trident Lifeline
Board meeting on 26 October 2026 to consider H1 FY27 results and first interim dividend
21 Oct 2026
Board allots 24,000 equity shares on conversion of warrants; paid-up capital at ~Rs. 11.98 crore
17 Oct 2026
Corrigendum to EGM notice for preferential issue of 12,22,200 equity shares and 5,00,400 warrants
16 Oct 2026
More numbers
- Equity shares allotted on conversion of warrants24000
- Issue price per equity shareRs. 266/-
- Amount received (balance of issue price)47,88,000
- Total fully convertible warrants allotted earlier9,94,200
- Warrants held by the allottee48000
- Warrants pending conversion with the allottee24000
- Paid-up equity share capital after allotmentRs. 11,98,10,000
- Equity shares outstanding after allotment11981000
Source: BSE · 17 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.