Board allots 24,000 equity shares on conversion of warrants; paid-up capital at ~Rs. 11.98 crore
Board allotted 24,000 equity shares of Rs. 10/- each on conversion of 24,000 warrants at Rs. 266/- per warrant.
By ScoutQuest · · 2 min read
- Shares allotted on warrant conversion
- 24,000 equity shares of Rs. 10/- each on conversion of 24,000 warrants at Rs. 266/- per warrant
- Balance consideration received
- Rs. 47.88 lakh received as the balance 75% of issue price
- Paid-up capital post allotment
- ~Rs. 11.98 crore, comprising 1198100 equity shares
Warrant conversion explained
The board of Trident Lifeline met on October 17, 2026 and approved the allotment of 24000 equity shares of face value Rs. 10/- each. These shares were issued because a warrant holder exercised his right to convert 24000 warrants into shares.
Who converted
- Vishal Bhupendra Halvawala held 48000 warrants and applied to convert 24000 of them.
- He was allotted 24000 equity shares, one share for each warrant converted.
- The remaining 24000 warrants held by him are pending for conversion.
The price build-up
These warrants carried an issue price of Rs. 266/- each, covering the warrant subscription price and the warrant exercise price together. That price includes a premium of Rs. 256/- over the Rs. 10/- face value of each share.
- 25% of the issue price, or Rs. 66.50/- per warrant, was paid at the time the warrants were allotted.
- The balance 75%, or Rs.199.50/- per warrant, became payable when the holder applied for shares.
- On this conversion the company received Rs. 47.88 lakh, being 75% of the issue price on 24000 warrants.
Where the share capital stands
- Paid-up equity share capital is now ~Rs. 11.98 crore, comprising 1198100 equity shares of Rs. 10/- each.
- The 24000 new shares work out to roughly 2% of that post-allotment share count.
- The new shares rank pari-passu with the existing equity shares, meaning they carry the same rights as shares already issued.
Background
The company had informed on June 09, 2025 of the allotment of ~9.94 lakh fully convertible warrants, each convertible into or exchangeable for one equity share of face value Rs. 10/- at Rs. 266/- per warrant, issued on a preferential basis to promoter/non-promoter allottees. This allotment follows the conversion of part of that holding.
What a retail investor can take away
- Conversion of warrants brings cash into the company; here Rs. 47.88 lakh has been received against the balance 75%.
- At the same time, every converted warrant adds a new equity share, so the total number of shares rises and each existing share represents a slightly smaller slice of the company.
- Warrants of the holder are still pending conversion, and any further conversion would again add to the share count.
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
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
- Amount received being 75% of issue price47,88,000
- Issue price per warrant (including exercise price)Rs. 266/-
- Warrant subscription price already paid per warrant (25%)Rs. 66.50/-
- Balance 75% of issue price per warrantRs.199.50/-
- Warrants held by the allottee48000
- Warrants pending for conversion24000
- Paid-up equity share capital after allotmentRs. 11,98,10,000
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