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 (PACs), all part of the promoter/promoter group of Trident Lifeline Ltd, have disclosed the acquisition of convertible equity warrants under a preferential offer on June 9, 2025. Total warrants acquired by the group include 24,000 by Gajera Mohak, 189,000 by Hardik Desai Family Trust, 139,800 by Amit Halvawala, 99,000 by Rupaben Jariwala, 46,800 by Trident Texofab Ltd, 36,000 by Anjanaben Desai, 30,000 by Tarang Gajera, and 24,000 by Vishal Halvawala, among others. Since these are warrants (not yet converted into shares), the current voting rights percentages of each PAC remain unchanged – e.g., Hardik Desai at 23.50%, Anjanaben Desai at 7.03%, and Trident Texofab at 0.64%. The current equity capital stands at ₹11.49 crore (1.14 crore shares of ₹10), while the fully diluted capital (after warrant conversion) rises to ₹12.49 crore (1.25 crore shares).
This is a promoter-group signal of confidence – the promoters are committing fresh capital to the company via warrants, which will increase their combined stake once converted. For shareholders, it indicates the promoter group remains firmly in control and is willing to invest more, though the eventual dilution from warrant conversion is a factor to watch.