Trident Lifeline Converts Warrants to Equity Shares and Announces Director Resignation
Trident Lifeline Limited converted 49,800 warrants into equity shares at Rs. 266 per share, raising Rs. 1,32,46,800 from Hardik Desai Family Trust. The new paid-up capital is Rs. 11,64,20,000. Separately, Mrs. Maniya H Desai, Non-Executive Director, resigned effective November 21, 2025, citing personal reasons.

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Trident Lifeline Limited , a pharmaceutical company, has made two significant announcements that could impact its shareholding structure and board composition.
Warrant Conversion
The company has converted 49,800 warrants into equity shares, a move that strengthens its capital base. Here are the key details of the transaction:
| Aspect | Details |
|---|---|
| Number of Warrants Converted | 49,800 |
| Conversion Price per Share | Rs. 266.00 |
| Beneficiary | Hardik Desai Family Trust |
| Total Amount Raised | Rs. 1,32,46,800.00 |
| New Paid-up Capital | Rs. 11,64,20,000.00 |
This conversion is part of a larger warrant issue, where Trident Lifeline had previously allotted 9,94,200 fully convertible warrants. Each warrant is convertible into one fully paid-up equity share with a face value of Rs. 10.00. The conversion price of Rs. 266.00 per share includes a premium of Rs. 256.00.
Board Resignation
In a separate development, the company announced a change in its board composition:
| Aspect | Details |
|---|---|
| Resigning Director | Mrs. Maniya H Desai |
| Position | Non-Executive Director |
| Effective Date | November 21, 2025 |
| Reason for Resignation | Personal reasons |
Mrs. Desai's resignation takes effect from the close of business hours on the mentioned date. The company has confirmed that there are no material reasons for her resignation other than the personal reasons cited.
Implications
The warrant conversion may indicate confidence in the company's prospects by the Hardik Desai Family Trust. It also provides additional capital to Trident Lifeline, potentially strengthening its financial position.
The board resignation, while a standard corporate event, may lead to changes in the company's governance structure. Investors and stakeholders may want to monitor any subsequent appointments to the board.
Trident Lifeline Limited will need to file the necessary forms with the Registrar of Companies and other relevant authorities to reflect these changes in its corporate structure and board composition.
Investors should note that these corporate actions may have implications for the company's ownership structure and decision-making processes going forward.
Historical Stock Returns for Trident Lifeline
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.91% | -0.06% | +1.60% | +5.99% | +8.55% | +191.08% |






























