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, along with 12 Persons Acting in Concert (PACs), disclosed an acquisition of 46,800 convertible equity warrants in Trident Lifeline Ltd on June 09, 2025, under a preferential allotment. The PACs include Hardik Desai Family Trust, Trident Texofab Ltd, Amit and Vishal Halvawala, the Gajera family, and others. Before the allotment, Hardik Jigishkumar Desai (likely promoter) already held 23.50% of the company. Post-allotment, individual PAC holdings range from 0% to 23.50%, with the Rupaben Jariwala entity's stake rising to about 6.21% (5.84% + 0.37% from warrants). The company's total equity share capital will expand from 1,14,99,200 shares to 1,24,99,200 shares after warrant conversion.
This preferential warrant allotment signals continued promoter/PAC consolidation in Trident Lifeline, with dilution risk for existing retail shareholders. Investors should watch for any further stake buildup that could push the PAC group closer to regulatory takeover thresholds.