Trident Lifeline Limited has published the newspaper advertisement for its postal ballot notice regarding the appointment of two independent directors and the migration of its securities from the BSE SME platform to the main boards of BSE Limited and National Stock Exchange of India Limited. The advertisement appeared in the Financial Express in both English and Gujarati editions on June 15, 2026. This initiative aims to strengthen corporate governance and expand market access for the company's equity shares, which have a face value of ₹10.00 each.

The Board of Directors approved the appointment of Ms. Smita Kiran Davda and Mr. Sachin Bhandari as Non-Executive Independent Directors during a meeting held on June 13, 2026. Ms. Davda, a Fellow Chartered Accountant, brings experience in banking and finance, while Mr. Bhandari offers expertise in the pharmaceutical industry and regulatory compliance. Both appointees are unrelated to existing directors and are not debarred from holding the directorship. Their appointments are subject to shareholder approval via special resolution for a term of five consecutive years from June 13, 2026, to June 12, 2031.

The company has fixed Friday, June 05, 2026, as the record date to determine shareholder eligibility for voting. The remote e-voting period commences at 09:00 A.M. IST on Tuesday, June 15, 2026, and concludes at 05:00 P.M. IST on Wednesday, July 15, 2026. The results of the postal ballot are expected to be declared on or before Friday, July 17, 2026, at the registered office of the company in Surat.

Migration to Main Board

The migration from the BSE SME platform to the main boards of BSE Limited and National Stock Exchange of India Limited is subject to the approval of members, stock exchanges, and other relevant authorities under Chapter IX of the SEBI (ICDR) Regulations, 2018. The resolution requires that votes cast by public shareholders in favour must be at least two times the votes cast against the proposal.

Postal Ballot and E-Voting

National Securities Depository Limited (NSDL) has been appointed as the Remote E-Voting Agency. Ms. Mittalben Vaikunthbhai Kothari, Proprietor of M/s. Mittal V Kothari & Associates, has been appointed as the scrutinizer. Shareholders can cast their votes electronically through the NSDL e-voting website or via their depository accounts. The postal ballot notice was dispatched electronically on June 15, 2026, and is available on the company's website.

Key Appointments Details

Hardik Desai Family Trust has increased its shareholding in Trident Lifeline Limited by acquiring 1,200 shares through an open market transaction on June 12, 2026. The acquisition, disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, raises the Trust's stake in the company. The disclosure was submitted by Hardik Jigishkumar Desai, the Ultimate Beneficial Owner (UBO) and Trustee of the Hardik Desai Family Trust, which falls under the promoter group category.

Prior to this transaction, the Trust held 8,56,166 shares, accounting for 7.17% of the total share capital and 6.85% of the total diluted share capital. With the addition of 1,200 shares, the post-acquisition holding stands at 8,57,366 equity shares. This revised holding constitutes 7.18% of the total paid-up voting capital and 6.86% of the total diluted share capital of the target company.

The equity share capital of Trident Lifeline Limited remains at Rs. 11,93,30,000, divided into 1,19,33,000 equity shares of Rs. 10 each. The total diluted share capital, accounting for the full conversion of outstanding convertible securities or warrants, is reported at Rs. 12,49,34,000, comprising 1,24,93,400 equity shares of Rs. 10 each.

The following table details the changes in the shareholding pattern of Hardik Desai Family Trust:

The transaction was executed via the open market route. Trident Lifeline Limited is listed on BSE Ltd with the scrip code 543616. The filing confirms that no shares were encumbered, and no warrants or convertible securities were involved in the transaction. The disclosure was signed and submitted by Hardik Jigishkumar Desai on June 15, 2026.