The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hardik Desai Family Trust
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Hardik Desai Family Trust, classified as a Promoter Group entity of Trident Lifeline Ltd (BSE Scrip Code: 543616), filed a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulation 29(2) on 16.03.2026. The trust reported a change in shareholding through an Open Market transaction dated 12.03.2026. Based on the document, the trust's holding moved from 9,39,766 shares to 8,42,966 shares (a reduction of approximately 96,800 shares), bringing its stake from around 7.03% to about 6.75% on a diluted basis. The consideration for the transaction appears to be around Rs. 1.19 crore. The filing was triggered by the trust crossing below the 7% SAST reporting threshold.
This is a small reduction (less than 1 percentage point) in promoter group holding through an open market sale. The promoter group remains in control of the company, so there is no change in ownership structure. Routine small promoter sales are common, but retail investors often track patterns of repeated selling as a sentiment indicator.