The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hardik Desai
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Hardik I Desai, classified as a Promoter & Director of Trident Lifeline Ltd, has disclosed an off-market acquisition of 55,900 equity shares on 24 March 2026 under SEBI SAST Regulation 29(2). The transaction is valued at approximately Rs. 1.19 crore (around Rs. 213 per share, with face value of Rs. 10). His holding increased from 7,02,150 shares to 7,57,950 shares, representing about 0.47% of the company's total share capital. The disclosure was submitted to BSE on 25 March 2026 from Surat, Gujarat.
This is a small promoter share-buying signal (under 1% of capital), indicating insider confidence but unlikely to materially move the stock price on its own. Retail investors should view it as a mildly positive confidence signal from a promoter, though the absolute size of the purchase is modest.