The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gajera Mohak & PACs
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Gajera Mohak, along with 12 persons acting in concert (all promoters/promoter group entities), has disclosed the acquisition of 6,13,400 convertible equity warrants of Trident Lifeline Ltd under a preferential offer dated June 9, 2025. Key allottees include Hardik Desai Family Trust (1,89,000 warrants), Amit Bhupendra Halvawala (1,39,800), Maniya H Desai (99,000), Rupaben Chetanbhai Jariwala (46,800), Trident Texofab Limited (36,000), Vishal Bhupendra Halvawala (30,000) and others. The company's existing equity share capital is Rs 11,49,92,000 (1,14,99,200 shares of Rs 10 each), and total diluted capital post-allotment is Rs 12,49,34,000 (1,24,93,400 shares), reflecting the warrant component. The disclosure confirms promoter group entities are the allottees in this preferential issue, reinforcing their commitment to the company.
This is a promoter-group preferential warrant allotment, which signals promoter confidence in the business and will increase the effective promoter shareholding once warrants are converted. However, it also dilutes non-promoter shareholders' stake on conversion, and warrants are being issued at terms set by the promoter group, which retail investors should review in the accompanying notice.