Description
BSE announces listing of 93,000 new equity shares of Trident Lifeline Limited issued on preferential basis from warrant conversion, effective August 22, 2025.
Summary
BSE has announced the listing of 93,000 new equity shares of Trident Lifeline Limited (Scrip Code: 543616) issued through conversion of warrants on a preferential basis. The shares will commence trading from August 22, 2025.
Key Points
- 93,000 equity shares of Rs. 10/- each issued at premium of Rs. 256/-
- Issue price: Rs. 266/- per share
- Allotted to both promoters and non-promoters on preferential basis
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 11499201 to 11592200
- ISIN: INE0MKA01014
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members informed of new security listing
- Lock-in restrictions apply as per SEBI regulations
Important Dates
- Allotment Date: July 1, 2025
- Trading Commencement: August 22, 2025
- Lock-in expiry for 66,000 shares: February 28, 2027
- Lock-in expiry for 27,000 shares: February 28, 2026
Impact Assessment
Minimal market impact expected given the small number of shares (93,000) relative to overall market. The preferential allotment represents routine corporate action with standard lock-in provisions to prevent immediate selling pressure.
Impact Justification
Routine listing of small number of shares from warrant conversion with minimal market impact