EGM on Oct 27 to consider Articles amendment, preferential issue of 12,22,200 shares and 5,00,400 warrants

Trident Lifeline has called an Extra-Ordinary General Meeting for Tuesday, October 27, 2026 at 04:00 p.m. IST.

Mon 5 Oct 2026

EGM Date and Time

Tuesday, October 27, 2026 at 04:00 p.m. IST

Preferential Equity Share Issue

12,22,200 equity shares at Rs. 336.60 each, totalling Rs. 41,13,92,520

Preferential Warrant Issue

5,00,400 warrants convertible into equity shares at Rs. 336.60 each, totalling Rs. 16,84,34,640

Face Value per Equity Share

Rs.10/- each

Remote E-Voting Cut-off Date

Tuesday, October 20, 2026

What the company has called

Trident Lifeline Limited has issued a notice for an Extra-Ordinary General Meeting (EGM) of its members. The meeting is scheduled for Tuesday, October 27, 2026 at 04:00 p.m. IST and will be held through video conferencing or other audio-visual means. Members will vote on three items of special business, each needing a special resolution.

Resolution 1: Amending the Articles of Association

• A new Sub Article No. IV is proposed to be inserted in the existing Article No. 7 of the Articles of Association.
• This would give the Board the power to issue or reissue bonds, debentures, debenture-stock, warrants or other securities of one or more classes which are liable to be redeemed or converted into equity shares or any other class.
• Such securities carrying the right of allotment or conversion into equity shares shall not be issued except with the sanction of the Company in general meeting.

Resolution 2: Preferential issue of equity shares

• Up to 12,22,200 equity shares of face value of Rs.10/- each, at an issue price of Rs. 336.60/- per equity share, including a premium of Rs.326.60/-.
• The total issue size works out to Rs. 41,13,92,520/-.
• All the proposed allottees listed for this issue are in the NON-PROMOTER category.
• The largest single allotment in the list is 3,04,200 equity shares (India Equity Fund 1).
• The Relevant Date for determining the issue price is September 25, 2026, being the date 30 days prior to the date of this EGM.
• The shares will be fully paid up and rank pari-passu with the existing equity shares from the date of allotment, including on dividend and voting rights. Investors must bring in the entire consideration on or before allotment, and the shares will be locked in for the period specified under Chapter V of the SEBI ICDR Regulations.

Resolution 3: Preferential issue of warrants

• 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/- per warrant, aggregating up to Rs. 16,84,34,640.
• The proposed allottees fall under the PROMOTER, PROMOTER GROUP and NON-PROMOTER categories. The largest single entry is 1,00,800 warrants to Hardik Jigishkumar Desai (For On Behalf Of Hardik Desai Family Trust) in the PROMOTER category.
• A warrant subscription price equivalent to 25% of the issue price is payable at the time of subscription; the warrant exercise price equivalent to the 75% is payable at the time of exercising the warrants.
• Warrants may be exercised in one or more tranches within a period of 18 months from the date of allotment. If a warrant holder does not exercise within that period, the unexercised warrants lapse and the upfront amount paid stands forfeited by the Company.
• Until conversion and allotment, warrants do not carry voting rights.
• Warrants and the shares allotted on conversion to Promoter / Promoter Group will be transferable within the Promoter and Promoter Group. Allotment is to be completed within 15 days of the resolution, or within 15 days of receipt of the last regulatory approval where approval is pending.

Voting schedule

• Cut-off date for remote e-voting: Tuesday, October 20, 2026.
• Remote e-voting begins Saturday, October 24, 2026 at 09.00 A.M.
• Remote e-voting ends Monday, October 26, 2026 at 05.00 P.M.

Points a retail investor may note

• These are proposals placed before shareholders for approval, not completed transactions. The resolutions will be decided by member vote at the EGM.
• A preferential issue adds to the number of shares outstanding, which can change each existing shareholder's percentage holding.
• In a warrant issue, only the upfront portion comes in at subscription; the balance comes only if and when the warrant holder chooses to exercise.
• The equity shares and the warrants in this notice are both priced at Rs. 336.60/- each.

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