Trident Lifeline Ltd — Important, 17-01-2026: Company Update

Trident Lifeline confirmed no deviation in using funds from its Initial Public Offer (IPO) and preferential issue. Out of Rs. 35.34 Cr raised via IPO, Rs. 30.72 Cr has been utilized for working capital, product registration, and general corporate purposes, with Rs. 4.62 Cr remaining. For the preferential issue, Rs. 15.27 Cr out of a projected Rs. 26.57 Cr has been received and fully deployed for working capital, investments, and business expansion. The company notes that 75% of the total preferential issue amount is still pending receipt from investors.