The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hardik Desai Family Trust & PACs
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Awaiting price reaction for this filing.
Hardik Desai Family Trust (along with its PACs, which includes promoter group entities and individuals) has disclosed an acquisition of 49,800 equity shares in Trident Lifeline Ltd. The shares were acquired on December 05, 2025, through the conversion of warrants issued under a preferential offer. Post-acquisition, the Trust's holding increased from 6,90,566 shares (5.93%) to 7,40,366 shares (6.33%) of the company. The total promoter group holding stood at 23.21% before the acquisition, on a non-diluted basis. The acquisition was carried out by the promoter group entity Hardik Desai Family Trust, through its ultimate beneficial owner Hardik Jigishkumar Desai, based in Surat, Gujarat.
This is a promoter group entity increasing its stake via warrant conversion under a preferential allotment, which signals promoter confidence in the company. The 0.40% incremental stake is small, so the direct impact on stock price is likely limited, but it removes some warrant overhang and confirms continued promoter commitment.