The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anjanaben Jigishkumar Desai & PACs
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Anjanaben Jigishkumar Desai along with 11 Persons Acting in Concert (PACs), all part of the promoter/promoter group, acquired 593,400 convertible equity warrants of Trident Lifeline Ltd on June 9, 2025 through a preferential offer. The main acquirer Anjanaben Desai received 300,000 warrants, while other PACs received between 2,400 and 189,000 warrants each. After this allotment, the promoter group's combined holding stands at 63.04% of the current voting capital and 67.79% on a fully diluted basis (assuming warrant conversion). The total diluted equity capital of the company increases to 1,24,93,400 shares from the current 1,14,99,200 shares once warrants are converted.
This is a positive signal showing promoter confidence as insiders are putting in more money into the company through a preferential issue rather than selling. For existing shareholders, this means further dilution of their stake once warrants are converted, and the promoter group's control strengthens to nearly 68% on a diluted basis.