TLTrident Lifeline543616Preferential allotment

Corrigendum to EGM notice for preferential issue of 12,22,200 equity shares and 5,00,400 warrants

Trident Lifeline has issued a corrigendum to its Extra-ordinary General Meeting (EGM) notice dated October 05, 2026.

By ScoutQuest · Fri 16 Oct 2026, 2:43 PM IST · 3 min read

Equity Shares Preferential Issue

Up to 12,22,200 equity shares at Rs. 336.60 each, aggregating Rs. 41,13,92,520

Warrants Preferential Issue

Up to 5,00,400 warrants at Rs. 336.60 each, aggregating Rs. 16,84,34,640

EGM Date

Tuesday, October 27, 2026 at 04:00 P.M. via video conferencing

What this update is

Trident Lifeline Limited has issued a corrigendum (a correction or add-on) to the notice of its Extra-ordinary General Meeting (EGM) dated October 05, 2026. The EGM is scheduled for Tuesday, October 27, 2026 at 04:00 P.M. (IST) through video conferencing or other audio-visual means. The Board of Directors approved this corrigendum at its meeting held on October 16, 2026. A corrigendum means the original notice continues to apply, but the portions mentioned in the corrigendum are updated.

Why the corrigendum was issued

The company had shared applications with BSE, where its equity shares are listed, seeking "in-principle approval" in relation to the proposed preferential issue of equity shares and convertible warrants. It subsequently received certain observations from BSE, pursuant to which it is directed to provide additional details and clarifications through a corrigendum to shareholders. Separately, it came to the company's attention that the Ultimate Beneficial Owner ("UBO") details of one of the proposed allottees, FINCOS TECHNOLOGY SOLUTIONS PRIVATE LIMITED, were inadvertently provided incorrectly, and the company proposes to rectify and update these details.

Resolution 2: preferential issue of equity shares

• Up to 12,22,200 equity shares of face value Rs.10/- each
• Issue price of Rs. 336.60/- per equity share, including a premium of Rs.326.60/-
• Total issue size of 41,13,92,520/-
• Offered to persons/entities belonging to the public category (non-promoters) on a preferential basis
• Relevant Date for determining the issue price is September 25, 2026
• Shares to be issued and allotted shall be locked in for the period specified under Chapter V of the SEBI ICDR Regulations
• Allotment in dematerialised form within a maximum of fifteen (15) days from the date of passing of the special resolution, or from receipt of the last of any applicable approvals
• The shares shall rank pari-passu with the existing equity shares, including with respect to dividend and voting powers
• Investors must bring in the entire consideration on or before the date of allotment

Resolution 3: preferential issue of warrants convertible into equity shares

• Up to 5,00,400 warrants, each convertible into or exchangeable for 1 fully paid-up equity share of face value Rs. 10
• Price of Rs. 336.60/- each, inclusive of the warrant subscription price and the warrant exercise price, payable in cash
• Total issue size of up to Rs. 16,84,34,640
• Offered to persons belonging to the Promoter/Promoter Group and Non-Promoter/Public category on a preferential basis
• A warrant subscription price equal to 25% of the issue price is payable at the time of subscription; the balance 75% is payable at the time of exercising the warrants
• Warrants may be exercised in one or more tranches within 18 months from the date of allotment
• If not exercised within that period, the unexercised warrants lapse and the upfront amount paid stands forfeited
• Warrants by themselves, until conversion, do not give the holder voting rights
• Warrants and the shares arising on exercise are subject to lock-in for the period specified under Chapter V of the ICDR Regulations
• Warrants to be issued and allotted within 15 days from the date of passing of the resolution, or from the date of any applicable approval

What a retail shareholder may note

Both items are placed before shareholders as Special Resolutions, so they require shareholder approval at the EGM. The corrigendum changes only the specified portions of the original EGM notice; all other contents of the notice dated October 05, 2026, including the Explanatory Statement, remain unchanged and the notice is to be read together with this corrigendum.

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.

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