Trident Techlabs Limited — Important, 01-04-2025: Updates

The Board of Directors of Trident Techlabs Limited has decided to withdraw its previously approved preferential issue of equity shares and fully convertible warrants, which included an offer to issue up to 7,00,000 equity shares and 1,13,000 warrants. This decision followed a thorough review of the prevailing market conditions and consultations with management and potential allottees. The company believes that pursuing the preferential issue at this time may not align with the best interests of stakeholders.

Trident Techlabs remains committed to acquiring Sivaltech Group, which will be financed through a combination of equity, debt, and internal funds. This move highlights the company’s ongoing focus on strategic prudence and long-term value creation for its stakeholders.