News Corporate Actions Trident Lifeline's Shareholding in Subsidiary Trident Mediquip Reduces to 57.34% After Private PlacementTrident Lifeline's Shareholding in Subsidiary Trident Mediquip Reduces to 57.34% After Private Placement
Trident Lifeline Limited's shareholding in subsidiary Trident Mediquip Limited has decreased from 60.04% to 57.34% following a private placement of equity shares to other shareholders. Trident Mediquip, incorporated in 2019, operates in the pharmaceuticals and chemical industry with a current turnover of 21.29 crores and paid-up share capital of Rs. 9.78 crores. The transaction has been disclosed under SEBI regulations as a related party transaction conducted on an arm's length basis.
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Trident Lifeline Limited has reported a reduction in its shareholding in subsidiary Trident Mediquip Limited following a private placement transaction. The company's stake in the subsidiary has decreased from 60.04% to 57.34% after Trident Mediquip Limited allotted equity shares to other shareholders.
Shareholding Change Details
The change in shareholding occurred due to a private placement of equity shares by Trident Mediquip Limited to other shareholders. This transaction has resulted in a dilution of Trident Lifeline's ownership stake in its subsidiary.
| Parameter: | Details |
|---|---|
| Pre-holding: | 60.04% |
| Post-holding: | 57.34% |
| Transaction Type: | Private Placement |
| Regulatory Filing: | Under Regulation 30 of SEBI (LODR) |
About Trident Mediquip Limited
Trident Mediquip Limited is a subsidiary company incorporated under the Companies Act, 2013, with its registered office in Surat, Gujarat. The company operates in the pharmaceuticals and chemical industry and was incorporated on October 19, 2019.
Financial Structure
| Financial Parameter: | Amount |
|---|---|
| Authorized Share Capital: | Rs. 10.00 crores |
| Paid-up Share Capital: | Rs. 9.78 crores |
| Number of Equity Shares: | 97,75,800 shares |
| Face Value per Share: | Rs. 10 |
| Current Turnover: | 21.29 crores |
Historical Performance
Trident Mediquip Limited's turnover performance over the last three financial years shows:
| Financial Year: | Turnover |
|---|---|
| 2022-23: | 28.77 crores |
| 2023-24: | 20.58 crores |
| 2024-25: | 21.29 crores |
Related Party Transaction
The transaction qualifies as a related party transaction since Trident Mediquip Limited is a subsidiary of Trident Lifeline Limited. The filing indicates that several promoters and directors of Trident Lifeline Limited, including Mr. Amit Bhupendra Halvawala, Mr. Chetan Chandrakant Jariwala, and Mr. Hardik Jigishkumar Desai, have interests in the subsidiary. The company has confirmed that the transaction is being undertaken on an arm's length basis.
Regulatory Compliance
Trident Lifeline Limited has filed the necessary disclosures under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also complied with SEBI Master Circular requirements in making this announcement to the stock exchanges.
Historical Stock Returns for Trident Lifeline
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.37% | +1.96% | -11.81% | -6.13% | +19.11% | +147.80% |
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