The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rupaben Chetan Jariwala & PACs
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Rupaben Chetan Jariwala and Persons Acting in Concert (PACs), who belong to the promoter group of Trident Lifeline Ltd, have disclosed the acquisition of equity shares pursuant to conversion of warrants under a preferential offer on December 27, 2025. Rupaben Chetan Jariwala acquired 46,800 shares (taking her holding from 5.69% to 6.02%), and Maniya H Desai acquired 88,200 shares (0.09% to 0.83%). The total promoter and PAC group holding stands at 78,42,800 shares, which is 64.10% of the total share capital after the acquisition (up marginally from 63.70%). The equity share capital increased to 1,19,33,000 shares of ₹10 each (from 1,17,98,000) due to the warrant conversion.
This is a promoter-group acquisition via warrant conversion, reinforcing promoter control without any new external dilution. The marginal ~0.4 percentage point increase in aggregate promoter holding is positive for shareholder confidence as it signals continued promoter commitment. No immediate share-price impact is expected from this routine regulatory disclosure.