Trident Lifeline Board Approves ₹58 Crore Preferential Share Warrant Issue

Board approved preferential issue of 12,22,200 shares at Rs336.60 (~41.14 Cr) to public and 5,00,400 warrants at same price (~16.84 Cr) to promoter/public; EGM on Oct 27. First sizable fundraise in record after only small subsidiary stake top-up and investor meets; promoters take most warrants yet fully-diluted holding falls to 56.35% from 62.46%. Fresh equity expands capital ~19% on full conversion; use of proceeds, funding need and pricing basis not detailed; needs shareholder nod with 25% upfront on warrants.