The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rinkal Mayurbhai Gajera
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Rinkal Mayurbhai Gajera, a promoter of Trident Lifeline Limited, has filed a disclosure under SAST regulations. The filing shows a sale/release of 60,000 shares (0.50% of total share capital). Before the transaction, the promoter held 4,75,010 shares (3.98%) plus 60,000 shares under pledge/encumbrance (0.50%), totaling 5,35,010 shares (4.48%). After the transaction, holding reduced to 4,15,010 voting shares (3.48%) plus 15,010 encumbered shares (0.13%), totaling 4,30,020 shares (3.61%). The transaction was executed in the open market on March 30, 2026. The 60,000 shares previously pledged appear to have been partially released with 15,010 remaining under encumbrance.
Promoter has reduced their total stake by approximately 0.87 percentage points through open market sale and partial pledge release. The promoter's holding is now below 4% and significantly below the 50% threshold, indicating reduced promoter control.