In compliance with Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, please find enclosed herewith disclosure received from Hardik Desai Family Trust, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Trident Lifeline Ltd has informed BSE about disclosures received from nine promoter group entities regarding their acquisition of 593,400 convertible equity warrants on June 9, 2025, under a preferential offer. The warrants were allotted as follows: Hardik Desai Family Trust (189,000), Amit Bhupendra Halvawala (139,800), Maniya H Desai (99,000), Rupaben Chetan Jariwala (46,800), Vishal Bhupendra Halvawala (48,000), Trident Texofab Ltd (36,000), Anjanaben Jigishkumar Desai (30,000), Gajera Mohak (2,400) and Gajera Tarang Nathabhai (2,400). The promoter group's aggregate voting rights will rise from 63.04% to 67.79% on a fully diluted basis once these warrants are converted. Current equity share capital stands at Rs 11.49 crore (1,14,99,200 shares of Rs 10 each), and the diluted capital post-warrant allotment will be Rs 12.49 crore (1,24,93,400 shares).
The promoter group is strengthening its controlling stake in the company through a preferential warrant issue, signalling promoter confidence but also leading to dilution for non-promoter shareholders upon warrant conversion.